Muthoot Finance Limited is a Gold Financing Company. The Company is a Non-Banking Financial Company (NBFC). It is a non-bank entity company which is licensed by RBI. This company installs White Label ATM Deployment in Tier 3 and Tier 6 cities, today it is one of the top ATM Deployment companies in India.
Muthoot Finance Ltd., the flagship company of The Muthoot Group was founded in 1939, by Shri M. George Muthoot. The company today is India’s largest and the world’s biggest Gold Loan Company. With a holding of 146 tons of gold, Muthoot Finance is also one of the companies to hold the largest gold reserves in the country.
Muthoot Finance Limited company has about 4,294 branches inside India. Thousands of ATMs have been installed by the company because this company provides ATM-like facilities to many banks, then any person who has a shop on the road or has an empty room then they can take Muthoot ATM Franchise and can start earning.
Cost, Investment, Fee
This is the highely confidential information you will get to know when you will apply .
For setting up Muthoot ATM, there should be a space of 50-80 square feet. The space should be located in prime location at ground floor.
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- The distance from other ATMs should be 100 meters.
- This space should be on the ground floor and a place with good visibility.
- Here you have to ensure 24 hours power supply 1 KW electricity connection
- This ATM should have a capacity of about 300 transactions per day.
- The ATM space should have a concrete roof.
- There should be space for parking in front.
- No objection certificate is required from the society or authority for installation of V-SAT.
Documents required for installing Muthoot ATM Franchise
Personal Document (PD)
There are many documents required for Muthoot ATM Franchise such as:
- ID Proof: – Aadhaar Card, Pan Card, Voter Card
- Address Proof: – Ration Card, Electricity Bill,
- Bank Account Statement with Passbook
- Photograph Email ID, Phone Number
Property Document (PD): –
- Documents of Property Document will be thoroughly checked
- Complete Property Document with Title & Address
- Lease Agreement
The profit depends on the number of transactions in a day. The more no of transactions are done, the more profit you will be able to earn. You will also earn a monthly profit.
How To Apply For Muthoot
You can Apply for this franchise at their official website. There you will get a form that you have to fill then company officials will contact you.
Apply Here: https://www.muthootgroup.com/index.php/business
How to apply for setting up Muthoot ATM
- First of all go to the official website of Muthoot.
- On the home page, the option of Inquiry Desk will be found, click on it, then click on Business, then a form will open.
- Fill all the details in the form and submit the form.
How to earn transaction wise by installing Muthoot ATM
Muthoot pays commission for every transaction done by the company in the ATM.
More the transactions in Muthoot ATM, more will be the earning.
You have to pay fees to the company every month in the form of maintenance, cash loading and holding charges.
If there are more than 100 transactions every day then a month’s earning can be up to 1 lakh rupees.
Companies give rent of 10 to 15 thousand rupees on installing ATM.
In the city, the company also gives rent up to 25 thousand per month.
Muthoot ATM Franchise Apply 2021 Contact Number
ENQUIRY Customer Care Number
North, East & West India Toll-Free No: 1800 313 1212
South India Call Center No.: 99469 01212
HEAD OFFICE (REGISTERED OFFICE)
Opp. Saritha Theatre Complex
Ernakulam – 682 018
Tel : +91-484 -2396478 , 2394712
Fax : +91-484 -2396506
CORPORATE OFFICE (NORTH)
The Muthoot Group,
Muthoot Towers – Alaknanda
New Delhi – 110019
Tel: +91 – 11 – 4669 7777
Fax: +91 -11 – 46697746
Muthoot ATM Franchise 2021 Expansion Location
North :- Delhi, Uttar Pradesh, Haryana, Himachal Pradesh, Punjab, and Uttaranchal
South :- Kerala, Karnataka, Tamil Nadu, Andhra Pradesh
East :-Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
West :-Gujarat, Rajasthan, Maharashtra, Goa
Central :-Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Union Territories :-Pondicherry, Chandigarh, Lakshadweep, Daman and Diu ,Jammu and Kashmir,
Is It Profitable to Start Franchises?
Yes, it is very much profitable to start. You can earn per transaction along with monthly rent. If you have space
So far, we have shared the basics of franchise overview for this Franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information, please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you