Rent out your property to bank or ATM
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.
Hello! My name is Mr. Abbax khan. I am a content writer & full-time professional Web Designer and Developer specially WORDPRESS with vast experience. I started my graduation in 2016 and graduated in 2020. I’m a professional article and blog writer, has written dozens of content on different topics and worked with professionals all over the globe.
Violent Typhoon Mawar sets sights on Philippines, Taiwan and Japan after blow to Guam
The powerhouse typhoon is the equivalent of a very strong Category 4 hurricane as it approaches the northernmost island of the Philippines before turning to the north, continuing its damaging path.
Japan says scrambled fighter jets after Russian planes spotted
The country’s defence ministry says Russian ‘intelligence-gathering’ aircraft spotted near its coasts along the Pacific Ocean and Sea of Japan.
Japan scrambled fighter jets after spotting Russian “intelligence-gathering” aircraft off its coasts along the Pacific Ocean and Sea of Japan on Thursday, the country’s defence ministry has said.
One Russian aircraft travelled from Japan’s north down along part of its west coast, while the other took a similar route along the opposite coast and returned the same way, the Joint Staff office run under the defence ministry said in a brief statement.
“In response, fighters of the Air Self-Defence Force’s Northern Air Force and other units were scrambled,” it added.
There was no further information on the incident, which comes days after Japan hosted Ukrainian President Volodymyr Zelenskyy at the summit of Group of Seven (G7) – a grouping of rich nations – in Hiroshima city.
Japan has joined Western allies in sanctioning Moscow over its February 2022 invasion of Ukraine, and has warned of the threat posed by Russia.
Its latest security document, which once called for enhanced ties and cooperation with Russia, now warns that Moscow’s military posturing in Asia and cooperation with China are “a strong security concern”.
Last May, Chinese and Russian military jets carried out joint flights near Japan immediately after a meeting of the United States-led Quad grouping in Tokyo. India and Australia are other members of Quad.
And more recently, Moscow has carried out military exercises, including test-firing missiles, in the Sea of Japan.
Russia considers Japan to be a “hostile” country – a designation it shares with all European Union countries, the US and its allies, including the United Kingdom and Australia.
Tokyo had complex relations with Moscow before the invasion of Ukraine in February, and the two sides have yet to sign a post-World War II peace treaty.
Attempts to do so have been hampered by a long-running dispute over islands controlled by Russia, which calls them the Kurils.
France bans short-haul flights to cut carbon emissions
France has banned domestic short-haul flights where train alternatives exist, in a bid to cut carbon emissions.
The law came into force two years after lawmakers had voted to end routes where the same journey could be made by train in under two-and-a-half hours.
The ban all but rules out air travel between Paris and cities including Nantes, Lyon and Bordeaux, while connecting flights are unaffected.
Critics have described the latest measures as “symbolic bans”.
Laurent Donceel, interim head of industry group Airlines for Europe (A4E), told the AFP news agency that “banning these trips will only have minimal effects” on CO2 output.
He added that governments should instead support “real and significant solutions” to the issue.
Airlines around the world have been severely hit by the coronavirus pandemic, with website Flightradar24 reporting that the number of flights last year was down almost 42% from 2019.
The French government had faced calls to introduce even stricter rules.
France’s Citizens’ Convention on Climate, which was created by President Emmanuel Macron in 2019 and included 150 members of the public, had proposed scrapping plane journeys where train journeys of under four hours existed.
But this was reduced to two-and-a-half hours after objections from some regions, as well as the airline Air France-KLM.
French consumer group UFC-Que Choisir had earlier called on lawmakers to retain the four-hour limit.
“On average, the plane emits 77 times more CO2 per passenger than the train on these routes, even though the train is cheaper and the time lost is limited to 40 minutes,” it said.
It also called for “safeguards that [French national railway] SNCF will not seize the opportunity to artificially inflate its prices or degrade the quality of rail service”.
I am an experienced financial analyst & writer who is well known for his ability to foretell market trends as well.
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