ICICI Bank ATM Space for Rent Franchise: Apply Online, Contact Number

ICICI Bank is one of India’s leading private subdivision banks, with an increasing network of ATMs nationwide. As a franchise, you can make a stable stream of reflexive revenue by renting out places for ICICI Bank’s ATMs. In this object, we will discuss everything you are required to know about the ICICI Bank ATM space for rent permission, including the way to apply online, their contact number, etc. ICICI Bank is one of the central private banks in India, with more than 5,275 branches and 15,589 ATMs crossways the nation. The bank increases its ATM network by leasing out space for its ATMs in numerous places.

ICICI Bank ATM Franchise

ICICI Bank has an extensive network of ATMs throughout India. They always look for appropriate places to install their ATMs as part of their development policy. As a franchise, you can lease out space to ICICI Bank for their ATMs and make a stable stream of passive revenue. ICICI Bank gets a significant site to install their ATM, and you get a reflexive income without any annoyance.

Possessing an ICICI Bank ATM license is a prodigious way to begin a business with low assets and high revenues. You can make a firm revenue stream with slight exertion by leasing out space for their ATMs. ICICI Bank offers its licenses with backing in setting up and upholding the ATM, making it an informal and annoyance-free business chance. You can check here for more information about ICIC Bank ATM Space For Rent Franchise Apply Online.

ICICI Bank ATM Space for Rent Franchise- Highlights

Eligibility Criteria & Documents

1. You should be the proprietor of the possessions or have a lease contract for at least five years.
2. The possessions should be in a profitable area with high footfall.
3. The possessions should have a minor area of 60 sq. ft. for outside ATMs and 100 sq. ft. for inside ATMs.
4. You must have a lawful GST Registration and PAN Card.

Important Required documents:

• GST registration documentation
• PAN card
• Property possession documents or lease contract
• Bank declaration for the last six months
• No-Objection Documentation from the landlord

ICICI Bank ATM Franchise Benefits

Leasing out space for ICICI Bank’s ATMs has countless reimbursements.

1. Firstly, you get a stable stream of passive revenue without annoyance.
2. Secondly, it is a low-risk commercial as no asset is mandatory from your side.
3. Thirdly, ICICI Bank is a trustworthy brand, and its ATMs have a high tread.
4. This means that your place will get more perceptibility, which can lead to additional business chances.

ICICI Bank ATM Franchise Investment Cost

1. ICICI ATM License Cost ₹5,00,000 Rupees as a preliminary investment.
2. No License Fee will be charged, but 2 Lakh Rupees will be charged as a Safety Deposit, which is refundable.
3. The least important area is 50-100 Square feet.
4. Other expenditures comprise lease, electricity, security guard, and other expenditures.
5. You will get 8 rupees on each cash transaction and 2 rupees on every non-cash contract.
6. The contract will be for 5 Years, which will be renewed for free if everything goes well.
7. No royalty will be charged on auctions.
8. The predictable return on investment is one year.

ICICI Bank ATM Dealership Profit Margin

We will analyze the ICICI ATM License Revenue Margin with an example. We will subtract all the expenditures from the gross sales. We are pretentious 9,000 monthly contacts each month,i.e. 300 transactions each day.

We can accomplish that the Revenue Margin of the ICICI ATM License is 38% for 9,000 monthly contacts each month. The passage may have less income in the preliminary days, but the store will increase high admiration gradually and will have an inordinate claim in the market. After good resident marketing and branding, the sales will upsurge to 12,000 monthly contacts each month, and the revenue margin will be 50% on auctions or 45,000 rupees.

Procedure to ICICI Bank ATM Franchise Apply Online

1. Go to the ICICI Bank internet site and go to the Franchise segment.
2. Hit on the ATM Space for Rent selection.
3. Fill out the application form with all the significant particulars about you.
4. And then, you should acquiesce the application form with your essential credentials.

New Initiatives in ICICI ATM (Updated)

ATM for the visually challenged:

• ICICI Bank’s Special ATMs for visually challenged individuals operate.
• On a voice-guided arrangement with mainly made function-show keys, this directs them to operate the ATM.
• Patrons can hear a voice with the aid of headphones for transaction direction
• The ATM offers language assortment choices.
• The ATMs are fortified with Video Surveillance devices.

ICICI ATM Franchise Contact Number

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