Union Bank ATM Franchise, Space for Rent Application Form, Contact Number

As you know, many people are looking for means of earning from franchises. However, most franchise companies require a higher amount of investment. Well, if you do not have a high budget for any franchise mode, then we have recommended the option of Union Bank ATM Franchise 2024. This is the best investment option for those who cannot afford high-budget investments. If you are ready to set up Union Bank ATM Franchise 2024 but you do not have proper knowledge about it then do not worry and continue reading ahead.

Union Bank ATM Space for Rent 2024

The populated and successful rental trades are different from one another. For instance, commercial leasing has significant effective costs and considerable vacancy risks, but residential leasing has few effective costs. The rental market in real estate provides a variety of alternatives for property owners to increase their income. Commercial leasing comprises large operational costs and the possibility of having a high vacancy rate, whereas residential leasing has relatively low costs.

Property owners should think carefully about how they rent out their facilities if they want to recover their investments effectively. Therefore, it is necessary to rent out your planet such that it receives consistent rentals to offer to recoup the capitalized amount. Most successful property owners choose hassle-free leasing by leasing their properties to financial institutions. Real estate leasing to financial institutions for the installation of automated teller machines (ATMs) has been popular in recent years. Cities like Bangalore, Hyderabad, and Chennai are rapidly catching up.

Union Bank ATM Franchise Apply Online: Overview

Benefits of setting up Union Bank ATM Franchise

1. One of the most common franchises in India is the Union Bank ATM Licence.
2. It is ideal for customers since it provides a separate section for renting an online submission form.
3. The bank offers several services, including banking, insurance, savings, and credit cards, and it has hundreds of locations around the nation.
4. There is a sizable network of ATMs operated by Union Bank ATM Franchise throughout India.

Eligibility Criteria

Let’s read about some common Eligibility Criteria before setting up a Bank ATM for rent:-

• The property must be yours, or you must be under a lease with a minimum five-year term.
• The property should be in a highly trafficked, marketable region.
• For indoor ATMs, the items must have a minimum space of 100 square feet, and for outdoor ATMs, at least 60 square feet.
• Both a valid PAN Card and a GST Registration are required.

Needed Documents

• No-Objection Credential from the landlord
• The place of your possessions should be in a saleable and marketable mixed market area.
• All the possession papers should be genuine and intact for confirmation.
• The land should not be linked to any clash or have any remaining payments.
• GST registration certificate
• PAN card.
• Possessions of tenure documents or lease contracts.
• Bank statement for the last six months.

Step by Step Guidance to Install Union Bank ATM

Here, we will share the Installation Procedure for Union Bank ATM. Kindly read the given mentioned section carefully:-

1. In the First step, you need to file a claim for ATM Setting up in a bank or Non – non-bank financial Business.
2. The application should include thorough information on the property, including its location, size, and any adjacent significant landmarks, among other things.
3. The concerned authority will assess the offer, analyze the request and footfall in the zone, and consequently procedure the application. Naturally, banks select tenure possessions that do not have any loans or burdens.
4. During the Submission, the applicant should submit more required particulars in the standard arranged form.
5. Additionally, the landlord is required to provide space for a server room and set up a network connectivity amenity.
   About the possessions, the organization will engage in a rental agreement with the property owner.

Important Factors to set up an ATM

• The most important factor is you must have the surface area of the rented possessions should be 60-100 sq ft.
• The roof of the area must be finished with Class-B concrete and have an NOC from all the inhabitants of the construction.
• Moreover, the landowner must provide space for a server room and permit the installation of a network connection on the roof.
• Before the rent certification, landowners must make a sanctuary contribution of up to Rs 3 lakh.
• If the landowner chooses the license model, they are responsible for paying the preservation, processing, and security costs.

Union Bank ATM Franchise Profit Margin

1. In the White-Label System, around Rs15,000 to Rs 25,000 can be collected from NBFCs to install the ATM Machine.
2. Otherwise, if you are selecting the Franchise ATM arrangement, there will be no option for the monthly fee income.
3. The earned will depend on the number of daily dealings.
4. Franchise ATM dealers receive Rs 15 for each cash withdrawal and Rs 5 for each non-financial transaction.
5. For instance, if there are 200 transactions per day, including 50 non-economic transactions and 150 extractions, the total profit is Rs 2,500.
6. Without incurring any further fees, the property owner may earn at least Rs 50,000 to Rs 60,000 each month.

Union Bank ATM – Features

• Union Bank Credit Card Payment
• Order a checkbook or account
• Fill up your prepaid mobile
• Transfer funds between Account
• Cheque status inquiry
• Pay your helpfulness bills
• Registration for Mobile banking
• Net banking password request
• Modified cash withdrawal
• 24-hour access to cash
• Change ATM pin
• View account balance and mini-report
• Dynamic Currency Adaptation on ATMs

Procedure to Apply for Union Bank ATM Franchise, Space for Rent

In this section, we have shared the step-by-step details for the setup of Union Bank ATM Space for rent in 2024.

1. In the first step, you need to approach a bank with a suggestion to offer space you acquire to be vacant on rent to set up an ATM Machine.
2. Then, the bank will consider your offer and analyze whether they have a prerequisite to set up ATMs in the area grounded on request.
3. Now, if the bank a ready to set up an ATM Machine on your vacant, they will provide the bank’s arrangement in which you must provide the proposal.
4. A bank often requires ownership of any items on the property.
5. The ATM Room will require 10 feet by 10 feet of area.
6. The bank will next select advertisements or rent for the area you provided.
7. It would be based on rental rates in that region and range from Rs. 60 per square foot to Rs. 150 per square foot each month. Additionally, the property owner is required to take all tolls.

Union Bank ATM Franchise Contact Details