An ATM is a computerised machine that provides customers of banks the facility of accessing their accounts for dispensing cash and to carry out other financial & non-financial transactions without the need to visit the bank branch.
If you have an active network of investors or individuals with entrepreneurial mindset and have a sound organisational setup with a team, you can be a Master Franchisee. The investor should be willing to invest ₹ 5 lacs (₹ 2 lacs as deposit, based on business model and ₹ 3 lacs as working capital) to be a Franchisee.
TATA Indicash ATM Franchise Wiki
The Indicash ATM network is operated and managed by Tata Communications Payment Solutions Ltd. (TCPSL). It is a wholly owned subsidiary of Tata Communications Limited. Indicash is the largest White Label ATM Operator in the country. It is the second largest in semi-urban and rural geographies.
Tata Indicash ATM Benefits
They empower Indians by providing convenient access to their money through our extensive ATM network.
They empower banks to expand their ATM services and brand footprint across the country, almost instantly and cost-effectively.
They empower brands to amplify their reach & engagement through their cost-effective and immersive media solutions.
TATA Indicash ATM Franchise Cost, Investment
A minimal investment of ₹ 2 lacs is required, to start your entrepreneurial journey with Indicash, which acts as a security deposit. This is a refundable security deposit, based on the business model chosen:
Existing Indicash Site – ₹ 2 lac will be refundable
Franchisee Owned/Leased Site – ₹ 1.5 lac will be refundable
Apart from the security deposit, an additional amount of ₹ 3 lacs will be required, as working capital.
TATA Indicash ATM Franchise Requirements
- Identity and Address Proof (KYC, Electricity Bills for self-owned shops and Landlord agreement for rental space)
- Proprietorship/Partnership/LLP Documents (Trade Name, GST No)
- Bank Account Opening (New bank account tagged for waiver as per 194N)
- Submission of Documents & Agreement
- Payment of Security Deposit (Refundable deposit of ₹ 5lacs in the form of Demand Draft)
TATA Indicash ATM Franchise Profit
With Indicash ATM Franchise you can earn with every transaction from day one with no minimum transaction criteria. Depending on the business ownership undertaken by the franchisee partner and the location potential, an ATM franchise owner can earn a healthy and a steady Return on Investment ranging between 33% to 50% plus. As an introductory offer you can earn up to ₹ 8 for every cash transaction and up to ₹ 2 for every non- cash transaction.
How to Apply For TATA Indicash ATM Franchise
You can be an Indicash ATM Franchise in 4 simple steps:
Step 1 : Choose from any of the Indicash ATM Franchise business models:
Option 1: Onsite Model where you can select an existing Indicash ATM location for starting a Franchise business.
Option 2: Offsite Model where you can propose a self- owned/leased, high footfall commercial space of 60-80 sq ft.
Step 2 : Once the site is shortlisted, simply enter into a contractual agreement, and complete the onboarding process.
Step 3 : Make a minimal investment of approx. ₹ 3 lac to run the daily ATM operations and pay one- time refundable deposit of upto ₹ 2 lacs*.
Step 4 : Get trained, launch the ATM operations, and start earning with every transaction from day one.
TATA Indicash ATM Franchise Contact Details
Website : Indicash.co.in
Tata Indicash ATM Toll Free Number
Toll- free number : 1800 2662 660
How much can a Indicash Master Franchisee earn from this business model?
The Master Franchisee has the potential to earn anywhere between ₹ 1 lac to 2 lacs per annum with an active portfolio of 30 to 50 sites. Each Franchisee site should clock in atleast 100 transactions per site per day on a monthly basis.