PNB ATM Franchise: Apply Online, Rent Application Form, Contact Number

PNB ATM Franchise Apply Online, Rent Application Form, Contact Number: The demand for ATMs in cities is constantly rising as the population increases. Renting out your business property to banks is an easy way to earn a good living if you own commercial real estate. See the detailed instructions for installing an ATM in a rental commercial property for a hassle-free and safe rental choice! Leasing firms for homes and businesses are distinct from one another. For instance, commercial leasing has higher running costs and higher risks of underutilization than domestic leasing, which has lower costs overall.

Therefore, in order to recoup your investment, you must rent your space in a manner that ensures it brings in an equal amount of money each month. Today, the majority of owners of commercial real estate select a rent-free option by leasing their properties to banks. The latest trend in real estate is leasing out commercial space to financial institutions so they can set up ATMs, and it is quickly getting momentum in cities like Hyderabad, Bangalore, and Chennai. Here we will provide you with detailed information about PNB ATM Franchise Apply Online, and Rent Application Form. For this, you have to stick with the article till the end.

About PNB ATM Franchise

An Indian public sector bank with its headquarters in New Delhi is called Punjab National Bank (abbreviated as PNB). The bank, which opened its doors in May 1894, ranks second in terms of network and third in terms of business turnover among public sector banks in India. More than 180 million people use the bank’s 12,248 locations and 13,000 ATMs. The Reserve Bank of India Act of 1934 and the Banking Regulation Act of 1949 control Punjab National Bank, a public sector undertaking (PSU) of the Government of India.

For all the information about PNB ATM Franchise, you have to read this article till the end. Here you have been provided with complete information about PNB ATM Franchise Online Application, Rent Application Form, and Contact Number in detail.

PNB ATM Franchise Apply Online – Highlights

Procedure for PNB ATM Installation (Rent for Space)

The basic procedures for requesting an ATM on a commercial property are listed below:-

1.  To learn more about the procedure, speak with a licensed dealer or real estate agent.
2. To establish an ATM, submit an application to a bank or non-banking financial institution (NBFI). Complete details about the property, including area, city, and nearby attractions, must be included in the application.
3. The department will examine the application, assess local demand and visitor volume, and then handle it as necessary.
4. Typically, banks favor real estate that is free of liens or debts. After accepting the application, the candidate must complete the standard form with any additional information that is needed.
5. Additionally, the lessor is required to set aside space for the server room and prepare the areas for network links.
6. The institution and the lessor come to a lease arrangement for the property.

Types of Punjab National Bank Rentals ATM

What types of rentals are there? There are three different kinds of ATM leasing models: franchise, brown-label, and blank-label.

1) ATM with white label

None of the banks own White Label ATMs. The NBFC is the owner of them. The Reserve Bank of India (RBI) authorized the opening of white-label ATMs in 2011 for overseas subsidiaries of Indian banks organized under the Companies Act. With the sponsoring bank and the network service provider, these non-banking businesses engage in a “service level agreement” that verifies the cash flows from the ATM. These ATMs are accessible to customers of all institutions, but using the service costs money. There are fees associated with each purchase made using these ATMs.

2) ATM with a brown label

The foundation of Brown Label ATM is expense sharing or outsourcing ATM operations to a different party. Although the network connection and cash management are handled by the sponsoring bank, the service provider controls the ATM equipment. The funding bank’s logo can be seen on the ATM. For banks, this is a practical cost-saving option.

3) ATM with franchise

Getting an ATM franchise is an additional method to utilize your commercial space. This concept was introduced by Tata Communications Payment Solutions Ltd (TCPSL) in collaboration with an Indian franchise. However, locations with lots of traffic and operators are favored for franchised ATMs.

PNB ATM Franchise Affiliate Expenses and Payments

Installation fees for ATMs “When you hire a room to put ATMs in, you pay a monthly fee and give the bank security, which can range from 2,000 to 3,000 rubles based on the location, state, and number of ATMs. In conclusion, the money is refunded. However, there is no annual fee in the ATM business system; instead, you are responsible for the site’s upkeep, which can cost between 25,000 and 30,000 rupees.

Earning from a Rental in PNB ATM Franchise

One can make at least Rs 15,000–25,000 from the NBFCs that put white name ATMs. There is no regular leasing revenue if you select a franchised vending machine, though. The volume of everyday activities affects earnings. Vending machine license dealers receive Rs 15 for withdrawals of currency and Rs 5 for non-cash transactions. The overall amount made, for instance, will be Rs. 2500 if there are 200 transactions per day, including 150 withdrawals and 50 non-cash transactions. A landowner can make between 50,000 and 60,000 rupees monthly in total, net of all costs.

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Price of Renting an ATM

An ATM typically begins to break even when it processes at least 100 transactions per day. A bank that places an ATM can pay you about 25,000 rupees each month. How can an ATM placement be requested? Apply online through bank websites or in person by meeting with bank representatives. How can I get in touch with the bank to establish an ATM? The bank boss can be questioned personally about these requirements. Newspaper advertisements are typically placed by banks when they are searching for locations to place ATMs.

Office address for PNB ATM Franchise Request

Address: 7, Bhikhaiji Cama Place, New Delhi -110607 Landline Number: 011-23714562 Toll-Free Number: 1800 180 2222 / 1800 103 2222 Tolled Number: 0120-249000 Email Address: [email protected]

FAQs about PNB ATM Franchise

a) What is the price of renting an ATM? 
Ans. An ATM typically begins to break even when it processes at least 100 transactions per day. A bank that places an ATM can pay you about 25,000 rupees each month.

b) How can an ATM placement be requested? 
Ans. Apply online through bank websites or in person by meeting with bank representatives.

c) How can I get in touch with the bank to establish an ATM? 
Ans. The bank boss can be questioned personally about these requirements. Newspaper advertisements are typically placed by banks when they are searching for locations to place ATMs.