How to apply for Tata Indicash ATM Franchise ?
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.
Indicash 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.
What is Tata Indicash ATM Franchise?
Tata Indicash ATM provides franchising opportunities as operating and managing White Label ATMs is a lucrative business option for established or aspiring businesses. It is a high-margin, asset-light, low-cost investment opportunity in which one may profit from every cash and non-monetary transaction undertaken at a WLA ATM. Tata Indicash can be well considered as a competitor of the SBI atm franchise.
It gives Indians more power by giving them easy access to their money through their huge ATM network. Furthermore, it enables banks to rapidly and cost-effectively expand their ATM, services, and brand footprint across the country.
Indicash’s cost-effective and immersive media solutions enable brands to expand their reach and engagement. With over 1.5 crore monthly users, Tata Indicash ATM provides great franchising opportunities.
How to Apply Online for Tata Indicash ATM Franchise?
There are 4 steps to being an Indicash ATM franchisee. There are 2 business models that the interested applicant can choose from.
Onsite Indicash ATM Franchise
Option 1: Onsite Model, where one can launch a franchise business by selecting an existing Indicash ATM location.
Option 2: Off-Site Model, where one can propose a 60-8- sq ft. self-owned/leased commercial area with high footfall.
Once the site has been shortlisted, a contract has to be signed followed by finishing the onboarding procedure. After which a one-time refundable payment of up to Rs 2 lacs and a minimal investment of approximately 3 lacs to run the daily ATM operations has to be made.
This is followed by training, after which one can start operating the ATM and make money on each transaction.
There is a crucial requirement of onboarding and documentation requirements to be an Indicash ATM Franchisee.
| Proof of Identity and Address | KYC Electricity Bills for self-owned shops Landlord agreement for rental space |
| Proprietorship/Partnership | Trade Number GST No |
| Bank Account Opening | New bank account tagged for a waiver as per 194N |
| Submission of Documents and Agreement | - |
| Payment of Security Deposit | A refundable deposit of Rs 5 lacs in the form of a Demand draft |
Tata Indicash ATM Franchise Cost
| Minimum Investment | Rs 5 lacs |
| Refundable Deposit | Rs 2 lacs |
| Investment for Daily ATM Operations | Rs 3 lacs |
| Location | Within 5 lacs Investment |
Tata Indicash ATM Franchise Contact Number
Toll-free number: 1800 2662 660
Official Website: https://indicash.co.in/contact-us/atm-franchise
Tata Indicash ATM Franchise Profit Margin
With an Indicash ATM Franchisee, one may start earning money right away with no minimum transaction requirements. An ATM franchise owner can make a good and consistent return on investment ranging from 33% to 50% plus, depending on the company ownership undertaken by the franchisee partner and the site potential. One can earn up to Rs 8 for every cash transaction and up to Rs 2 for every non-cash transaction as an introductory incentive.
Is Tata Indicash ATM Franchise Profitable?
Yes, there is a strong need for ATMs in India, considering the low penetration of ATMs across the country’s tiers, with only 22 ATMs available per lac people. An ATM Franchise is an excellent option to consider if you are looking for business opportunities that offer a high return on investment with a low initial investment.
Investment Required for Tata Indicash ATM Franchise
Starting an Indicash ATM franchise is rather inexpensive. A minimum investment of 2 lacs as a one-time refundable deposit and about 3 lacs to manage the daily ATM operations is required to become an Indicash ATM Franchisee.
Conclusion
One can join the Indicash ATM Franchise Model by purchasing an existing Indicash ATM location or opening one in a self-owned commercial space (60-80 sq ft) in a commercial area. By doing so, one gets an opportunity to join one of the largest networks of WLA ATM operators to provide rural residents with access to cash services and contribute to the financial inclusion drive.