How to Apply for Muthoot ATM Franchise (2023) |Muthoot ATM

How to Apply for Muthoot ATM Franchise (2023)

Do you want to take such a franchise in which you do not have to work but give a good profit? or, are you looking for such a franchise business in which you can do that franchise business even without stopping the current work?

If you all are looking for the answer then let me tell you that it is ATM Franchise Business, you can not only withdraw money by taking this Franchise but can also earn from it.

If this question comes to your mind that why you should have an ATM franchise, then first we know why you should take an ATM franchise.

  • Attractive Income source– In this you get a fixed share on each transaction.
  • Low Operational Cost– Once the ATM is installed all you need is cash replenishment and periodic maintenance.
  • Passive Income– ATM operates 24*7 so it gives us the opportunity to earn passive income.
  • Diversification of Business– Despite having this franchisee business, you can easily do another business as well.
  • Trusted Banking Partner– When you partner with a reputed bank or financial institution for the franchise, it adds to your credibility as a business owner.

Many Banks and Financial institutions in India provide ATM franchises. But in this article, we will discuss in detail about “How to Apply for Muthoot ATM Franchise (2023) “and at the same time, we will also understand why we should take this franchise, how much it costs, what is the profit margin, what are the documents required, the difficulties involved, and much more, so let’s start from the beginning.

Overview about Muthoot ATM Franchise

Muthoot Finance is India’s largest non-Banking Financial Company (NBFC) with gold loans. Apart from providing gold loans, this company also provides Loan, Insurance, Money Transfer, Selling Gold Coins, and ATM franchises.

This company was established in 1939 by M. George Muthoot, this company has 5750+ branches in India and outside India. it also has expansion in UK, US, SriLankan and United Arab Emirates.

Muthoot Finance: Essential Facts

1 Type Public
2 Industries Financial services
3 Founded 1939
4 Headquarters Kochi, Kerala, India
5
Key people

George Jacob Muthoot
(Chairman)

6 Branches 5750+
7 Revenue ₹9,707 crore
8
Number of employees
25,554 (2020)
9 ATM Model Franchise-outsourced
through White Label Operators
10 Website www.muthootfinance.com

Why Muthoot ATM Franchise?

  1. Established Brand- It is a well-known and respected brand in the finance service sector of India. It is successfully providing its service from last 84 years in India. It has more than 70 crore (include repeat Customer) established customers and 2.5 lakh daily customers.
  2. Extensive Network- It has 5750+ branches in India. You can earn good profits due to the existing customer base of these and the potential traffic that the established locations can attract.
  3. Comprehensive Support- It supports you in site selection, installation, maintenance, cash management and technical support
  4. Long-Term Investment- With an established brand like these, you can know that you have made a long-term investment that will continue to grow and provide service as the banking sector evolves.
  5. Low Investment and High Income- You can start with a cost of 5 lakhs and earn an income of more than 50,000 a month.

Muthoot ATM Franchise Cost

There is no official cost information provided for Muthoot ATM Franchise but we estimate that this franchise may require a total investment of around 5 lacs in which 2 lacs is refundable deposit and the rest is an investment to manage the daily ATM operations. ATM Franchise cost may vary based on various factors like location, market potential and tenure set by Muthoot.

For the most current and accurate details about the cost of a Muthoot ATM franchise, I suggest contacting Muthoot directly or visiting their official website. They can give you all the information you need about the investment needed, terms, and everything else to start a franchise with them.

Muthoot ATM Franchise Profit Margin

Profit margins in the ATM business are affected by the number of transactions at the ATM, transaction fees from customers, expenses associated with cash management, maintenance and other operating costs. If we talk about Muthoot ATM franchise, then initially you can get a net profit margin of around ₹ 50,000. In this, you get ₹ 6 – 8 on every cash transaction and ₹ 2 – 3 on every non-cash transaction like balance check and fund transfer.

with the ATM industry growing and more people withdrawing cash having an ATM in a busy area with lots of cash transactions could mean earning around ₹ 70,000-80000 per month as a profit.

Requirement for Muthoot ATM Franchise

  1. We estimate that this franchise may require a total investment of around 5 lacs in which 2 lacs is refundable deposit and the rest is an investment to manage the daily ATM operations.
  2. For this, you need a Space of 50 to 100 sq ft. It can be either your own or you can take it on rent. While choosing this place, you should keep in mind that there should not be any other ATM around 100 meters and this place should be a safe place.
  3. 24-hour power availability has to be ensured as ATM is operational 24*7. Electricity is used to operate ATM, CCTV and AC.

Document Requirement for Muthoot ATM Franchise

For this you need some important documents which are as follows

  1. Aadhar Card.
  2. Pan Card.
  3. Electricity Bill.
  4. GST Certification and GST Number.
  5. Bank Document.
  6. Property Document.
  7. Passport Size Photo

Note: – Apart from this, if any other document is demanded, then you will also have to provide it.

How to Apply for Muthoot ATM Franchise

There is no official information available for Muthoot ATM Franchise, so I request you that whenever you want to take this franchise, you can contact the official number given below.

contact details: –

How to Apply for Muthoot ATM Franchise (2023)

Risk In Muthoot ATM Franchise

Following are the risks involved in Muthoot ATM Franchise

  • Returns may be slow if there is not enough traffic or transactions at the chosen location.
  • Cash crunch or security issues related to cash handling can affect business.
  • You may be at a loss in terms of theft at an ATM.
  • The presence of other ATM operators may affect transaction volume and revenue.

Overview

Muthoot Finance is India’s largest non-Banking Financial Company (NBFC) with gold loans. Apart from providing gold loans, this company also provides Loan, Insurance, Money Transfer, Selling Gold Coins, and ATM franchises. It is a well-known and respected brand in the finance service sector of India. It is successfully providing its service from last 84 years in India. It has more than 70 crore (include repeat Customer) established customers and 2.5 lakh daily customers. It has 5750+ branches in India. We estimate that this franchise may require a total investment of around 5 lacs in which 2 lacs is refundable deposit and the rest is an investment to manage the daily ATM operations. you need a Space of 50 to 100 sq ft. In this, you get ₹ 6 – 8 on every cash transaction and ₹ 2 – 3 on every non-cash transaction like balance check and fund transfer.

That’s it from my side. Friends, I sincerely believe that my guide on “How to Apply for Muthoot ATM Franchise (2023) was quite extensive, helpful, and educational, but if you’d need more details, you can check out the franchise’s official website. We hope that through this article you have got the right information from our side, if you have any desire to get more information, then please write your question in the comment box and you will get the right information from our side. By reading this article, how did you like it, do write it in the comment, congratulations for your affection.

FAQs

How much does it cost to Start a Muthoot ATM Franchise?

this franchise may require a total investment of around 5 lacs in which 2 lacs is refundable deposit and the rest is an investment to manage the daily ATM operations. ATM Franchise cost may vary based on various factors like location, market potential and tenure set by Muthoot.

Is Muthoot ATM Franchise Profitable?

If we talk about Muthoot ATM franchise, then initially you can get a net profit margin of around ₹ 50,000. In this, you get ₹ 6 - 8 on every cash transaction and ₹ 2 - 3 on every non-cash transaction like balance check and fund transfer.

How can I take franchise of Muthoot ATM?

There is no official information available for Muthoot ATM Franchise, so I request you that whenever you want to take this franchise, you can contact the official number given below. SOUTH INDIA-99469 01212 REST OF INDIA-78348 86464 (Lv. 1) 88006 75111, 011 46697744 (Lv. 2)

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