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About Renting Axis Bank ATM Space Online
In this post, we will explore the remarkable opportunity for property owners to earn a substantial return on their investments by renting out their commercial properties for Axis Bank ATM installations. As the urban population continues to grow, the demand for ATMs in urban centers has risen. Despite the government’s promotion of online payments and a cashless society, there are still many individuals who prefer using physical cash due to limited access, lack of education, or technological barriers. Consequently, the need for ATM space remains significant in various locations.
If you find yourself in an area without a nearby bank ATM, you can capitalize on this opportunity by renting out your property for ATM installation. To rent space to Axis Bank, you are required to submit an online application and await a response. The application can be conveniently submitted on the Indicash website (white-label ATM Solution by TATA), which has partnerships with many national and private banks.
Axis Bank ATM Space for Rent Online: Overview
| Article for | Axis Bank ATM Space for Rent |
| Bank | Axis Bank |
| Official website | https://www.axisbank.com |
| Contact number | 1860 419 5555 |
Banks and ATMs typically require long-term rental agreements, spanning 10 years or more. Renting your property to a bank or ATM is an ideal decision, as it enables you to earn a secure income without any initial investment. The income generated is fixed and appealing. With India’s ongoing digital transformation, online forms have become the preferred method, ensuring a safe and reliable way to earn money.
Procedure for Renting Space to Set up an Axis Bank ATM
In this section, we will provide you with a step-by-step guide on renting space to set up an Axis Bank ATM machine in India. The details are as follows:
1. Approach a bank with a proposal to rent out your owned space for ATM installation.
2. The bank will carefully evaluate your proposal based on the demand and determine if there is a requirement for an ATM machine in the specified area.
3. If the bank agrees to set up an ATM machine, they will provide you with their designated format for the proposal.
4. Typically, banks prefer properties with freehold ownership.
5. The ATM room requires a space of approximately 10 feet by 10 feet.
6. The bank will negotiate the commercial terms and rent for the provided space.
7. The rental amount will be based on the prevailing market rates in the area, ranging from Rs. 60 to Rs. 150 per square foot per month. The landlord will be responsible for all applicable taxes.
8. Additionally, you will need to allocate space for a server room and the installation of a dish for network connectivity on the roof.
Approaching the Bank for Online Rent
While the aforementioned steps provide general guidance, the most effective approach is to engage a local broker who specializes in renting properties to banks. Such a broker will handle all the necessary formalities, from finding an interested bank to finalizing the deal, ensuring a smooth and efficient process.
In summary, there are three ways to approach the bank for online rent:
1. Directly visit the bank.
2. Check the bank’s official website.
3. Advertise your property on a reputable real estate website.
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Do Check this article as well : HDFC Bank ATM Space Rental: Online Application Form and Contact Information |
Requirements for Renting Your Property to Axis Bank ATM
To be eligible for renting your property to Axis Bank ATM, certain requirements must be met:
1. The size of your property should align with the bank’s specific demand.
2. The location of your property should be within a commercially mixed market area.
3. The property should be free from any legal disputes.
Application format for applying Axis Bank ATM Franchise
| Subject: Proposal to Provide Space for ATM Installation
Date: [Insert Date] To, The Manager Dear Sir/Madam, I am writing to propose the provision of commercial space located on Hirapur Road (please specify your exact location) for the installation of an ATM. This area boasts a significant presence of corporate offices, businesses, and stores, making it a prime location for banking services. However, currently, there is no ATM available within a 1.5 km radius, creating an opportunity for your esteemed bank to bridge this gap in service provision. The particulars of the premises are outlined below: **Premises Details:** I believe that this strategic location and the absence of competing ATMs in the vicinity present a lucrative opportunity for Axis Bank. By installing an ATM in this area, your bank can serve the financial needs of both the corporate community and local businesses, providing convenient access to banking services. I am open to discussing the terms of the lease agreement and any additional requirements to facilitate the installation of the ATM. Please feel free to contact me at your earliest convenience to initiate further discussions regarding this proposal. Thank you for considering this proposition, and I look forward to the possibility of a mutually beneficial collaboration. Sincerely, |
FAQs – Axis Bank ATM Space Rental
Q. Is renting out space for an ATM a lucrative business opportunity?
Ans. Absolutely, as there are only 22 ATMs available per one lakh of the population, there is a substantial demand for ATMs in India. If you seek a business venture with high returns on a minimal investment, offering your space for ATM rental is a promising option. This can be done with esteemed banks like SBI, HDFC, PNB, Bank of Baroda, Axis, and others.
Q. Is there a formal agreement between the lessor and the bank for the rented ATM space?
Ans Yes, there is a mandatory minimum agreement period of two years.
Q. What income can I anticipate from renting out space for an ATM?
Ans: By renting out your space for an ATM, you can expect a fixed monthly income. The amount you earn is contingent on the location’s area. Depending on your location, you can earn a minimum of Rs. 20,000 to Rs. 80,000 per month by offering space for ATM rental.
Q. How do I go about contacting a bank to rent out space for an ATM?
Ans Begin by deciding which bank’s ATM machine you’d like to install in your space. Following that, you should reach out to the respective bank. To initiate contact, you can utilize the letter format provided above.
I intrested to rent my shop for ATM to bank
I am interested to give my space of 500 sq.ft for ATM in prime location in Amravati Maharashtra
I am interested to give my space of 500 sq.ft for ATM , cash deposit and mini bank in prime location near Vidya bharti college in Amravati Maharashtra.
I am interested to give my space to Bank for use of ATM machine in Karol bagh new delhi 110005.
DEAR SIR
I HAVE A SHOP OF 10*10 AT VILLAGE PADLA DISTRICT KAITHAL HARYANA MAIN ROAD BUS STAND PADLA FOR ATM MACHIN READY TO INSTAL MACHIN OF YOUR BANK.
Related atm machine installation on my area in my house there are lots of problem face
Please focous on my area
Related atm machine installation on my area in my house there are lots of problem face
I am interested to give my space of 2000 sq.ft for bank in prime location near collage cornar sangli,Maharashtra.
I am interested to give my space of approx 1500 sq.ft for bank at prime location Jhajjar chowk, circular road Rewari (Haryana)
I am interested to give my space of approx 3000 sq.ft for bank at prime location in Birati Banik More, Kolkata – 700051, West Bengal.
This area was previously leased by Allahabad Bank (Indian Bank) the contract ended this year .
Rent my shop 1800 sqft in pipeline road nashik to axis bank
I’m interested to give my space of approx 1200 sq.ft for Bank at location in GT Road Aurai, Bhadohi
Sant Ravidas Nagar , 221301 Uttar Pradesh.
The property was previously leased by Bank of Baroda (BOB) , the contract ended in 2022.
Tata Indiacash Company’s ATM was installed at my shop, it has been removed after completion of time, I want to install Axis Bank’s ATM on rent Industries Area Puhana Roorkee Haridwar Uttarakhand Phone number
Name Dawood Qasmi
Dehradun Highway Puhana Roorkee Haridwar Uttarakhand247667
I am interested to provide my space of approx 2000sq.ft at prime location in front of anaj mandi mustafabad( sarswatinagar) distt. Yamunanagar state haryana ..
* even in my area there no axis branch
* providing you best prime location
* space for ATM service
* you will get best customer support.
Dear All at Axis Bank ATM Department,
This is to inform you that I have a good commercial space in Kashele Road, Neral. In this location available of many corporate office, business house/ stores and also daily business place but there is no ATM machine for cash withdrawal of any Bank within 1.5 km in this location. So I would like to offer my commercial premises on lease for installation of ATM machine of your esteemed bank. Currently we are already having an ATM of Vakrangee Kendra. Which we are operating since 18 months and Footfall in the ATM per Day is 80 to 100 Transactions.
The details of the premises are given hereunder:
Full address of premises – Shop No. 4, Vastu Shilpa building, Kashele Road, Near Sai Mandir, Neral, Maharashtra 410101
Distance from main road – 3 min (260 m) from Sai Mandir, Neral, Maharashtra 410101
Carpet Area – 150 sqft
Age of premises (Year of Construction) – 2015
Other terms & condition
Electricity bill to be paid by the bank at actual:
Municipal/corporation taxes to be paid by me:
Lease deed registration charges to be paid equally by the parties:
Rent is to be paid in advance by 5th day of every month:
In case you are interested in the above said premises, then you may contact me \
I am the rightful owner of the premises and very cooperative and considerate person.
You may come for a visit to inspect the premises at any time during the between 11am to 7pm.
I look forward to a long term business relationship with your bank.
Thanking you.
Yours faithfully
Santosh Battise
I am interested to provide my space of approx 2500sq.ft at prime location near by Gulsion Benquet Hall, Ajanta sweet, on Sanjay nagar Mini by-paas Road, Laxmi Nagar, Bareilly (UP).
* even in my area there no axis branch around 5Km.
* This is providing you best prime location
* space for ATM service also available.
* you will get best customer support.
* Resident and market place both are available
* Very good density of business
* Property on main Road at prime location.
Hii I have some space ATM and Bank for rent in location Bandwan marwari para purulia district West Bengal, 723129
I have 400 square feet 2 sided corner commercial space for bank .42 feet front on main road and 67 feet depth with parking space. Location Bharat chowk Maruti kunj road,near bhondsi village sohna road gurgaon 122102
Please feel free to contact me 9871404422
I have 1800 Sq Ft two floor commercial Space for bank or Insurance unit, Front National Highway road 36 feet, Location Fulbagan More, Pandaveswar. WB-713346
Please Contact 9002661126
Hello sir
Allredy two atm working on my premises ubi atm and boi atm ago 5years
So new atm requirment in my premises
My space for rent atm for axis bank
I am interested to provide 200sq area for Bank ATM installation @ coimbatore location 1195 Rangai Gowder Street ,Near Sukrawarpet Bus Stop. Please contact 7397505515