How to Apply for PNB ATM Franchise 2024 Online & Profit?

General
1

The requirement for PNB ATMs is increasing day by day in various cities, due to which the opportunity for PNB ATM Franchise Business is important for those entrepreneurs who want ATM Franchises. Punjab National Bank was established in May 1894 as a government bank. It has launched its franchise business model in which people invest money and give space for an ATM. It is the third largest business in turnover and second in terms of network. 180+ million customers are this bank’s customers and open in 12,248 locations with 13000 ATMs. If you have sufficient space for renting out an ATM, then PNB ATM is suitable for you. Check out the complete process to Apply for PNB ATM Franchise 2024 Online and also discuss the Profit Margin.

Here is the complete process to Apply for PNB ATM Franchise 2024 Online. Follow the below process to get the PNB ATM franchise:-

  • First of all, you have to make contact with PNB officials regarding the installation of an ATM.
  • Then you have to fill out the application form which includes some basic details like area, and nearby landmarks, and Submit it to the Bank Officials.
  • After the submission of the Application, you have to wait for the approval of your application by ATM officials.
  • In this process, the Official team analyses your problem to check how crowded the area is as per the need of the ATM.
  • Kindly remember that the bank prefers freehold properties, which are neither mortgaged nor loaned.
  • When your application has been approved, the applicant has to provide all the required information in the standard prescribed form.
  • Finally, the bank will enter into a lease agreement with you regarding the property.

However, the PNB ATM Franchise is one of the most profitable franchise opportunities among the other ATM Franchises. You will get 15 rupees If someone makes a withdrawal through your ATM and 5 for non-transection. If you complete the 200 transactions then you will have 50,000 to 60,000 per month. Each activity will affect your income. This amount you can easily make by leasing revenue. So, follow the given procedure and start a profitable journey,

2

Essential Documents for PNB ATM Franchise 2024 Application
Here, we have shared the complete list of documents, which is required for the Application process of PNB ATM Franchise 2024. Look at the below details-

  • ID Proof
  • Address Proof
  • Bank Account and Passbook
  • Photograph, E-mail, and Phone No.
  • Other Documents/Forms as required by the company
  • GST Number
  • Financial Documents required by the company
  • No objection certificate from the nearby society.
3

Requirements for PNB ATM Installation Franchise 2024

If you want to get the PNB ATM Installations Franchise, then you need to fulfil some requirements. You can look at the below points-

  • Requirement of space at least 40 -100 square feet.
  • Make sure, there should be a flat roof made of concrete to set up the V-Set.
  • The Authority should have a NOC certificate for setting up V-Set.
  • Power supply should be 24 hours.
  • A 1 kWh electric connection is essential.
  • There should be a capacity of close to 100 transactions per day.
  • There should be a Minimum distance of 100 metres between one ATM and another ATM.
  • You have to fulfil all the requirements for the ATM Installation.