Receive ₹60,000 every month without any hassle—how to get an ATM installed on your vacant property..

Do you own a shop, a vacant commercial space, or a plot of land in a prime location? If so, this information is for you. Even a small amount of unused space can generate substantial income for you. Many people are unaware that banks and ATM operators (ATM franchises) rent private properties to install their machines and pay a handsome monthly rent in return.

The best part is that you don't have to worry about opening or closing a shop daily; the rent is simply credited to your account every month. If you have a space suitable for an ATM, here is a five-point guide explaining the entire process.

1. What kind of space is required for an ATM?
ATMs cannot be installed just anywhere. Banks and companies look for locations that are easily accessible to the public—such as main markets, large residential complexes, main roads, railway stations, bus stands, hospitals, colleges, or office areas. They also target locations with a scarcity of ATMs or bank branches, such as small villages and towns.

Regarding size, an ATM typically requires an area of ​​60 to 100 square feet. The property should ideally be on the ground floor and allow for 24-hour access. Additionally, there must be adequate arrangements for electricity, internet connectivity, security, and CCTV surveillance to ensure smooth operations.

2. How do you contact a bank or company?
You can visit your nearest bank branch and speak directly to the branch manager. Present details such as photographs of the property, its location, size, and proof of ownership. If the bank approves the location, their team will visit the site for an inspection, and if everything is in order, the process will move forward.

Alternatively, you can contact ATM operating companies. It is not just banks that install these machines; many 'White Label ATM' companies also set them up. These include major companies such as India1 Payments, Tata Indicash, and Hitachi Payment Services. You can find full details about them on their respective websites.

3. What documents will be required?
Property registry or ownership documents
Aadhaar card and PAN card
Property tax documents
NOC (No Objection Certificate) from the society or complex, if applicable
Clear photographs of the property and details regarding electricity and water connections

4. How much rent will you receive?
The rent earned from the property leased to the bank depends on the location:

Metro cities (Delhi, Mumbai, etc.): ₹25,000 to ₹60,000 or more per month.
Tier-2 cities: ₹15,000 to ₹35,000 per month.
Semi-urban areas: ₹8,000 to ₹20,000 per month.
Rural or small-town areas (prime commercial locations): ₹20,000 to ₹30,000 or more per month.

5. What are the agreement terms?
Lease agreements for ATM installations typically range from 5 to 10 years. These agreements usually include a clause for an annual rent increase of 5% to 10%. Once the ATM is installed, you do not have to worry about the machine's upkeep; the bank or the ATM company bears full responsibility for cash loading, electricity bills, air conditioning, maintenance, and security.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.