How to Make Money By Borrowing Your Space For SBI ATMs

If you have free space that is not currently in use, you can earn it by simply renting it to SBI ATM. Here we tell you everything you need to know about renting your store / space for SBIATM.

Why is SBI renting space for ATMs?

The State Bank of India (SBI) currently has ATMs throughout the country. ATMs are no longer limited to banks, they are everywhere. Banks rent private space every day to open new ATMs. You can also rent land to SBI for ATMs and earn a fair amount of income.

How to rent your store for an ATM?

If you want to rent land to an ATM, you must first contact your bank. You will need to submit an application to rent land for an ATM at an RBO near your area. You can find the RBO in your area at https://bank.sbi/portal/web/home/branch-locator and also from your nearest SBI branch.

Next, make sure you have enough land to set up your ATM. It will be a store that easily fits in an ATM. However, the store should be larger than the average ATM.

If you don’t want to contact the bank directly to do this, you can contact many agencies and choose to rent land for an ATM.

These include Muthoot ATMs, India One ATMs and more.

How do you make money by renting land to an ATM?

There are two ways to rent land to an ATM and earn it, one is to pay the monthly rent and the other is to get paid according to the number of transactions made at the ATM. Monthly rent depends on the location and size of the property you are renting.

Farmers can also benefit from renting space for ATMs as a side business.