With rising household expenses, many people feel financial pressure just a few days after receiving their salary. In such a situation, if there’s an option to earn an additional Rs. 20,000 to Rs. 30,000 every month without much expense, it would be a blessing. Today, we are telling you about an easy and consistently profitable business idea that you can start from home.

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This business doesn’t require much investment or any special technical knowledge. You just need a small space, and you can have a stable monthly income.

Earn money by installing an ATM

In India, banks and private companies are constantly expanding their ATM networks. For this, they are always looking for safe, crowded, and easily accessible locations. If you have a space of approximately 50 to 80 square feet on a roadside, in a busy market, or in a residential area, you can take full advantage of this opportunity.

You can offer a small room or shop on the ground floor of your house for ATM installation. If the location is good, banks or private companies are ready to sign an agreement immediately, considering factors like 24-hour electricity, parking, and easy accessibility.

What is required for ATM installation?

To install an ATM, you need to fulfil some basic requirements. This includes obtaining an NOC (No Objection Certificate) from the authorities, having an electricity connection of approximately 1 kilowatt, and ensuring space for signage.

Once all these conditions are met, a representative from the bank or company inspects the location, and later a lease agreement is signed for a few years. Most agreements are for 3 to 5 years and can be renewed upon expiry.

How is the income generated?

The income from installing an ATM comes in two ways. First, the bank pays a fixed rent for the space and electricity usage, which can reach up to Rs. 2 lakh per year. In addition, the more transactions that take place, the more commission you will earn.

If your location is in a high-traffic area and the number of transactions at the ATM is high, your monthly income can easily reach ₹20,000 to ₹30,000. In some cases, when the transaction volume is very high, the earnings can even reach up to ₹1 lakh per month.

You can also apply online by visiting the websites of various companies. The approval process begins as soon as you upload the necessary documents, photos, location details, and other information.

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A great earning opportunity

This ATM installation business is extremely beneficial for those who have vacant space and want a stable and consistent income without much effort. Once installed, you don’t have to manage the machine or deal with customers. All technical and operational responsibilities are handled by the bank or the company.

With the right location, this business can provide you with a high and stable monthly income for the long term.