Rent Your Space for ATM Installation (ICICI, HDFC, Axis Bank) – ATM Space Rent Application Form

Rent Your Space for ATM Installation (ICICI, HDFC, Axis Bank) – ATM Space Rent Application Form {Direct Link} is now available on this web page. Giving your space for ATM Installation is a profitable franchise business opportunity. Many banks are looking forward to installing their ATMs in the crowded marketplace to give facilities to their customers for hassle-free transactions. If you’re looking for the All Bank ATM Machine Installation Rental Program 2024 then keep on reading this post ahead. Here we have shared all the details related to How to apply for ATM Maschine Installation in India including the requirements, investment cost, profit margin, and other related details.

Rent Your Space for ATM Installation 2024

ATM also known as “Automated Teller Machine” is an electronic machine that allows the customer to withdraw cash without a Human teller. Installing an ATM can be a very lucrative source of Income provided you choose a good location for the same. One has to refer to the following points;

  • Property should be in a commercial area or a residential area
  • The surface area of the property for ATM installation should be 60 to 100 square feet.
  • The sealing should be made of concrete, for a B-set setup.
  • Applicants should be holding NOC for B-set installation or a written application signed by all the residents of the building.

Rent Your Space for ATM Installation (ICICI, HDFC, Axis Bank) - ATM Space Rent Application Form (1)

How to Apply for ATM Installation @indicash.co.in/atm-franchise?

If you want to install an ATM Maschine on your Commercial Property then follow a few guidelines mentioned below;

  1. Apply for the Respective Bank for ATM installation or any NBFC e.g. https://indicash.co.in/atm-franchise/
  2. The application should include complete details of the property, such as area, locality, and nearby landmarks, among others.
  3. The institution will review the proposal, analyze the demand and footfall in the area, and accordingly process the application. Banks normally prefer freehold properties that do not have any mortgages or encumbrances.
  4. Once the application is approved, the applicant has to submit the required details in the standard prescribed form.
  5. While renting out the space for ATM installation, the landlord also has to provide space for a server room and arrange a facility for network connectivity.
  6. The Respective Bank will then enter into a lease agreement with the landlord about the property.

Different Categories of ATM Installation Models

Types of ATMs Key Purpose
Green Label ATM Installed in Rural Areas and used for agricultural purposes.
Orange Label ATM Mainly Used for Shared Transactions
Pink Label ATM The main goal is to prevent females from standing in long queues, especially during busy hours
Yellow Label ATM Yellow-label ATMs are normally used for E-Commerce transactions.

ICICI Bank ATM Space Rental Program Online Application Form

Being one of the biggest Banks in India Renting ATM Space has its benefits. Now let’s look at the eligibility criteria and Procedure to Apply for ICICI Bank ATM Space for Rent;

  • Property should be owned or if leased the agreement should be of a minimum of 5 years.
  • Location is very important and should be strategically located in a commercial area.
  • The minimum Area is 60 square feet for outdoor ATMs and 100 Square feet for Indoor ATMs.
  • Valid GST Registration and PAN card is required.
  • Visit the official website by clicking the link here => https://www.icicibank.com/
  • You then have to write an email to the concerned department.
  • Once the Team reviews the details they will send an application.
  • You need to fill out the application form and submit it to them along with your location details and investment capacity.
  • Once the Team approves the Same the Team will physically visit the location and finalize the ATM franchise agreement.

Procedure for Bank of Baroda ATM Space for Rent

  1. Visit the official Company website by clicking the link here => https://www.bankofbaroda.in
  2. You then have to write an email to the concerned department.
  3. Once the Team reviews the details they will send an application for the same.
  4. You need to fill out the application form and submit it to them along with your location details and investment capacity.
  5. Once the Team approves the Same the Team will physically visit the location and finalize the ATM franchise agreement.
  6. The minimum Space required for the Bank is 150 to 200 square feet of carpet Area preferably on the ground floor.

Steps for PNB Bank ATM Future Lease Rentals Scheme

There are some general guidelines for applying for an ATM set-up on commercial property are listed below.

  1. As a first step Fill out an application in a bank or Non-Banking Financial Company (NBFC) for ATM installation for example https://indicash.co.in/rent-your-space-for-atm-inactive/.
  2. The application should comprise complete details of the property such as area, locality, nearby landmarks, etc.
  3. The Operation team will review the proposal the location and the investment capacity. Banks normally prefer freehold properties.
  4. On the approval of the application, the applicant has to submit any other required details in the standard prescribed form.
  5. A property owner has to also provide space for a server room and dish facility for network connectivity.
  6. The institution will enter into a lease agreement with you about the property.
  7. The minimum space required for an ATMĀ  is 40 sqft to 100 Sq. ft

All Banks ATM Space Rent Application Form – Highlights

Article Topic Rent Your Space for ATM Installation (ICICI, HDFC, Axis Bank)
Category ATM Space Rent Application Form
Space Requirement 40 to 100 square feet.
Minimum Rental Rs 15000/- Per month
Maximum Rent Rs 25000/- Per Month
Rent Lease Period Minimum 1 Year to 5 Year
Leaser Bank, NBFC, and Franchise
Mode of Application Online/ Offline
Official website Click Here

NOTE:- Financial benefit is one of the most important benefits of ATM installation in a commercial space as it is a mode of regular income helping significantly increase monthly income to a great extent. The Presence of an ATM in a commercial space with high foot traffic can attract potential customers to your business leading to increased visibility and potential sales.

List of Top 10 Rent Your Space for ATM Installation

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