Best Business Opportunity in India
How much rent do banks pay? Or How to rent your property to bank?
Do you have a vacant place and you want to create fixed income for long term by giving it to the bank, then you are in the right place. Atmcash.in provides space to almost all public sector and private banks in India for ATM installation and opening of new branches of the bank. This company is licensed by RBI (Reserve Bank of India) to provide service to the bank which works mostly entire part of India.
If you want to give your vacant property to the bank, then you have to submit the online form by login atmcash.in and if any bank needs your place then you will get a call from the representative of the company and after that the rest of the formalities are completed, your property is visited by the zonal rank officers of the bank and makes an agreement with you as per the rules, after which you start getting a fixed income for long term.
Normally such kinds of responsibilities are handled at the head offices of the public sector banks and they would be inserting online advertisements in atmcash.in and or inviting bids on their websites. Most of the bank hire third party for these type of services like ATM leasing or space to bank to open new branch. Atmcash.in is the only company that provides these financial and leasing services to 20+ banks across the India. Basically, Banks only share data to their reliable third party who work for them to find the appropriate space as per their requirements.
How much rent do banks pay for the premises in India
Rent depends on the factors of property type and location.
For banking office setup:
- In metros: Between Rs. 80,000 – 7Lakh
- In rural: Rs. 50,000 – 2,00,000
For ATM Setup:
- In metros: Between Rs. 40,000 – 1,30,000
- In Rural: Rs. 25,000 – 60,000
How long is the Agreement time limit
For banking: The agreement of the bank is for 9 years in which the lock-in period is 3 years, the lock-in period increases every three years with 8% increase in the rent.
For ATM: The agreement of the ATM installation is for 5 years and in this the lock-in period is 2.5 years and the rent is increased by 6% every 2.5 years.
There are many advantages of renting a property to a bank that the bank rents the property for a long time and after the agreement is over, the bank can re-agreement with you. The bank pays the rent of the property on time and above the normal market rate. You do not face any problem in getting business loan and other loans from the bank.
How to Apply
You can register your property by logging into www.atmcash.in on your phone or computer and after applying you have to mail the documents related to the property to [email protected] remember the documents have to be sent in PDF format.
We suggest that you should have an investment of at least 3 lakh rupees, only then you should apply for this business. There are few types of refundable security that you get after the lease expires.
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