Top 10 Best ATM Franchise in India 2023 | The best atm franchise for you
Why ATM Franchise business ?
ATM Franchise are indispensable in our lives today. Almost every turn, every corner boasts a vestibule. One can use these ATMs to perform self-serviced transactions without a physical teller’s assistance or a trip to a bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines as done is SBI Atm franchise.
Today we will be discussing about the top 10 atm franchise in India that have huge number of customer base and the franchise is quite profitable.Most of the people wander about how to start a bank atm franchise in India.
There are numerous ATMs in India that act as a lubricant in the economy, facilitating trade by providing cash almost anywhere at any time. This convenience not only allows rural residents to make retail purchases, but also increases their spending capacity, resulting in more money flowing into the rural economy.
HDFC Bank
HDFC Bank Limited is a Mumbai-based Indian banking and financial services corporation. As of April 2021, HDFC was India’s largest private sector bank by assets and the world’s tenth largest bank by market capitalization; and also the third largest corporation on the Indian stock exchanges.
HDFC is a subsidiary of the Housing Development Finance Corporation, was founded in 1994 and is headquartered in Mumbai, Maharashtra, India.
ICICI Bank
ICICI Bank Limited is a Vadodra-based Indian multinational bank and financial services firm. Through a number of delivery channels and specialised subsidiaries, it provides a comprehensive range of banking products and financial services to corporate and retail customers in the fields of investment banking, life, non-insurance, venture capital, and asset management.
A bank of great prominence, ICICI has its subsidiaries across the United States, Singapore, Bahrain, and Hong Kong, amongst many others. In 1994, the Industrial Credit and Investment Corporation of India (ICICI) and an Indian financial institution, launched ICICI Bank as a wholly owned subsidiary in Vadodara. Over the years, the bank has helped to build a number of Indian institutions that have helped to establish financial infrastructure in the country.
Kotak Mahindra Bank
Kotak Mahindra Bank Limited is a Mumbai-based Indian banking and financial services corporation. In the fields of personal finance, investment banking, life insurance, and wealth management, it provides banking products and financial services to both corporate and retail customers.
As of November 2021, it was India’s third largest private sector bank in terms of assets and market capitalisation.
Uday Kotal established what would subsequently become an Indian financial services empire in 1985. The Reserve Bank of India granted the group’s flagship company, Kotak Mahindra Finance Ltd., a banking licence in February 2003. KMFL became India’s first non-banking financing firm to be turned into a bank as a result of this.
State Bank of India
The SBI ATM Franchise of India, is an Indian multinational public sector bank and financial services statutory institution headquartered in Mumbai, Maharashtra. The world’s 43rd Largest bank and the only Indian bank in the Fortune Global 500 list of the world’s largest firms for 2020, SBI ranks 221st on the list.
The bank is descended from the Bank of Calcutta, which was created in 1806 by the Imperial Bank of India, making it the Indian Subcontinent’s oldest commercial bank. SBI has acquired local banks, with the first being the Bank of Bihar (1911), which SBI purchased along with its 28 branches in 1969.
The State Bank of India has continued to maintain its prominence in today’s day and age too.
Axis Bank of India
Axis Bank Limited, formerly known as UTI Bank (1993-2007), is a Mumbai-based Indian banking and financial services firm. It provides financial services to large and mid-sized businesses, as well as small and medium-sized business, and retail establishments.
Founded in December 1993, with a registered office in Ahmedabad and a corporate headquarters in Mumbai. Manmohan Singh, India’s finance minister at the time, inaugurated the first branch in Ahmedabad on April 2, 1994.
Indusland Bank
Induslnd Bank Limited is a Mumbai-based new-generation Indian bank. Commercial, transactional, and electronic banking goods and services are available with the bank.
The bank was inaugurated by Manmohan Singh in April 1994. In India, Induslnd Bank is the first of the new generation of private banks.
Tata Indicash ATM Franchise
Tata Communications Payment Solutions Ltd. (TCPSL), a wholly owned subsidiary of Tata Communications Limited, operates and manages the Indicash ATM network. Indicash is the country’s largest white-label ATM operator, and the second-largest in semi-urban and rural areas.
TATA Indicash ATM Franchise is pioneering cash accessibility to the most rural parts of the country, thanks to its enormous network of ATMs, which is driven by the Tata ethos of empowering the public. Indicash has combined its network power and knowledge by creating unique solutions for banks and brands alike, giving additional value to all stakeholders and continuing the Tata history of pioneering technologies.
Punjab National Bank
Punjab National Bank (PNB) is an Indian public sector bank located in Delhi, India. Owned by the Indian government’s Ministry of Finance, the bank was established in May 1894. It is India’s second-largest government-owned bank in terms of both business volume and network.
The bank is one of the largest in India with over 180 million customers, 12,248 locations, and 13,000 ATMs.
Bank of Baroda
The Bank of Baroda (BOB) is a Vadodra-based public sector multinational bank. It has a market capitalization of Rs. 58,384 crores as of 2022. The Bank of Bengal was India’s first three-way merger.
On April 1, 2019, it formally merged with Dena Bank and Vijaya Bank. BOB is one of the most well-known banks in India, with non-performing assets of only 666 billion rupees. The combined bank today serves 13 million customers across India.
Bank of India
The Bank of India is another public sector bank that is in the top ten banks by market capitalisation. It has a market capitalization of Rs. 19,574 crore. This Mumbai-based branch has over 5,100 branches across India, and 45 international offices.
It was founded in 1906 and has been held by the government since its nationalisation in 1969.
After the hardships and irreversible losses caused by the pandemic over the previous two years, India’s market capitalisation has changed dramatically. There have also been some big and revolutionary modifications. The banking sector is a crucial aspect of the Indian economy’s backbone, and with the variety of ATM franchises available, the growth is inevitable.