Bandhan Bank ATM Space for Rent, Franchise Apply Online, Contact Number
In this article, we will delve into the topic of Bandhan Bank ATM Space for Rent, as well as the process to apply for a franchise online and the contact number for further inquiries. Bandhan Bank Ltd, a privately-owned company headquartered in Kolkata, India, is renowned for its comprehensive banking and financial services. Initially established in 2001 as a non-profit organization, the bank received its license for Universal Banking from the Reserve Bank of India in August 2015, marking a significant milestone in its journey.
Bandhan Bank ATM Space for Rent
If you are searching for a lucrative opportunity to capitalize on your available space, Bandhan Bank provides an excellent option by offering ATM space for rent. By partnering with Bandhan Bank, you can leverage the high footfall and increasing demand for convenient banking services. Renting out your space for a Bandhan Bank ATM not only provides you with a regular stream of income but also enhances the convenience and accessibility of banking facilities for your community.
To explore this opportunity further and understand the terms and conditions associated with renting out ATM space, please contact Bandhan Bank using the provided contact number. Their dedicated team will guide you through the process and address any queries you may have.
Bandhan Bank ATM Space Rental Franchise
Initially established in 2001, Bandhan Bank emerged as a nonprofit organization offering financial inclusion and microfinance services within a 50-kilometer radius of its place of origin. In 2006, the bank acquired a non-banking financial company (NBFC) and transformed it into Bandhan Financial Services Private Ltd (BFSPL), aiming to expand its microfinance operations. By 2010, it had become the largest microfinance institution (MFI) in the country. Furthermore, in April 2014, Bandhan Bank obtained approval from the Reserve Bank of India to operate as a full-fledged bank.
In June 2015, Bandhan Bank received a banking license from the Reserve Bank of India, making it the first-ever universal bank to provide microfinance services. The bank commenced its banking operations on August 23, 2015, with the inauguration of its headquarters in Kolkata by the late Mr. Arun Jaitley, the Union Finance Minister. Now, you have the opportunity to apply online for a Bandhan Bank ATM franchise and rent out your space to the bank.
Overview – Bandhan Bank ATM Space for Rent Apply
|Started Operation As A Bank
|Headquarter Contact Number
|Chandra Sekhar Ghosh
Guidelines for Bandhan Bank ATM Franchise
If you are considering renting out your commercial space to Bandhan Bank for an ATM franchise, there are certain guidelines and steps to follow. Let’s explore the process in detail:
Step 1: Visit the Bandhan Bank Head Office: To initiate the process, visit the Bandhan Bank Head Office and get in touch with the designated person responsible for handling ATM franchise inquiries. This person will guide you through the necessary steps and provide you with the required information.
Step 2: Prepare and Submit the Application: Gather all the necessary documents and information related to your commercial space. Prepare a written application expressing your interest in renting out your space for a Bandhan Bank ATM franchise. Submit the application along with the required documents to the concerned person at the bank.
Step 3: Review and Analysis: The bank’s internal team will review and analyze the details provided in your application. They will consider factors such as the location, demand for banking services in the area, and footfall when evaluating your application.
Step 4: Decision Communication: Once the review process is complete, the bank will communicate their decision to you through a suitable mode of communication. If your application is approved, you will proceed to the next steps. If it is rejected, alternative options may be discussed.
Step 5: Completing the Bank Form: If your application is accepted, you will be required to fill up an actual bank form for ATM installation. This form will include detailed information about your space, including its area, locality, and nearby landmarks.
Step 6: Minimum Space Requirement: Bandhan Bank has a minimum space requirement of 10 ft by 10 ft for ATM installation. Ensure that your commercial space meets this requirement before proceeding.
Step 7: Server Room and Internet Connectivity: To facilitate the smooth functioning of the ATM services, you will need to provide a server room and ensure proper internet connectivity in the designated area.
Step 8: Rental Rates and Criteria: The rental rates for Bandhan Bank ATM franchises may vary based on market norms and criteria. Generally, rates range between Rs. 60/sq ft to Rs. 150/sq ft. The exact rate will depend on market conditions and the number of ATMs in the area.
Step 9: Suitable Location: Your commercial space should ideally be located in a commercial area or a developed residential or market area. This ensures optimal visibility and accessibility for customers.
Step 10: Area and Ceiling Specifications: The designated area for ATM installation should be between 60 to 100 sq ft. Additionally, the ceiling of the space should be made of concrete, providing a suitable environment for the ATM business setup.
Step 11: NOC or Written Application: Ensure that you have obtained a No Objection Certificate (NOC) from the relevant authorities for setting up the ATM business or have a written application signed by all the households in the building, as required.
By following these guidelines and meeting the necessary criteria, you can successfully apply for a Bandhan Bank ATM franchise and rent out your commercial space for this purpose.
Documents Required For Bandhan Bank ATM Franchise
- Address proof like electricity bill,
- Ration card,
- ID proof like Aadhar card PAN card,
- Your Bank passbook and account summary detail,
- Valid e-mail id registered mobile number,
- 4 passport-size photographs.
- GST registration and GST number,
- Financial documents like balance sheets, P/L accounts,
Bandhan Bank ATM Space for Rent: Franchise Apply Online Process
If you are interested in renting out your space to Bandhan Bank for ATM placement and wish to apply for the franchise online, here is a step-by-step process to guide you:
- Visit the Official Website: Most banks, including Bandhan Bank, provide an online application process through their official websites. Keep an eye out for any relevant offers and announcements on their website. Additionally, you can also explore the Indicash website, which is a third-party business entity associated with many renowned banks.
- Choose Your Location: Once you find a suitable offer from a reputable bank, select the location where you want to offer your space for rent. It is important to ensure that there are no other bank ATMs within a 100-meter radius of your chosen location, as per the guidelines.
- Check Transaction Volume: To ensure the profitability of the ATM placement, there should be a guaranteed minimum of 300 transactions per day in the area. This ensures a steady flow of customers and usage of the ATM services.
- Space Requirement: Bandhan Bank typically requires a commercial space ranging from 50 to 80 square feet for ATM installation. Ensure that your owned space meets these specifications and is suitable for business purposes.
- Ground Floor Placement: The designated space should be located on the ground floor of the building. This allows for easy accessibility and convenience for ATM users.
- Power Supply and Electrical Connection: Ensure that the space has a 1 KW-rated electrical connection with a 24-hour uninterrupted power supply facility. This is necessary for the seamless functioning of the ATM and to provide uninterrupted services to customers.
- Valid NOC from the Space Owner: Obtain a valid No Objection Certificate (NOC) from the owner of the space you intend to rent out. This certifies their consent for using the space for ATM placement. The NOC is an essential document in the application process.
Once you have gathered all the required information and documents, you can proceed with the online application for Bandhan Bank ATM space for rent and franchise. Follow the instructions provided on the official website to complete the application process.
By adhering to these guidelines and ensuring that your space meets the necessary requirements, you can successfully apply for Bandhan Bank ATM space for rent and franchise online.
FAQs about Bandhan Bank ATM Space for Rent
Here are some frequently asked questions (FAQs) about renting out your space to Bandhan Bank for ATM placement:
1. How can I apply to rent out my space to Bandhan Bank for ATM placement?
You can apply online through Bandhan Bank’s official website. Look for any relevant offers or announcements regarding ATM space rental and follow the application process outlined on the website.
2. What are the requirements for the space to be eligible for Bandhan Bank ATM placement?
The space should be a commercial area of 50 to 80 square feet, ideally located on the ground floor. It should have a concrete structure and be designed for business purposes. Additionally, there should be no other bank ATMs within a 100-meter distance.
3. How can I ensure a high transaction volume for the ATM placed in my space?
To maximize transaction volume, choose a location with significant footfall and demand for banking services. Areas with a guaranteed minimum of 300 transactions per day are generally preferred.
4. What are the electrical and power supply requirements for the space?
The space should have a 1 KW-rated electrical connection and 24-hour uninterrupted power supply. This ensures proper functioning of the ATM and uninterrupted services for customers.
5. Do I need a No Objection Certificate (NOC) from the space owner?
Yes, it is essential to obtain a valid NOC from the owner of the space you wish to rent out. The NOC certifies their consent for using the space for Bandhan Bank ATM placement.
6. Can I rent out residential space for Bandhan Bank ATM placement?
Bandhan Bank typically looks for commercial spaces or developed residential areas for ATM placement. It is recommended to have the space in a commercial or market area to ensure optimal visibility and accessibility for customers.
7. How can I get more information or clarify my doubts regarding ATM space rental?
For further information or to clarify any doubts, you can visit Bandhan Bank’s official website or contact their customer support. They will be able to provide you with the necessary guidance and assistance.
Remember to carefully follow the guidelines provided by Bandhan Bank and ensure that your space meets the required criteria for ATM placement. By doing so, you can explore the opportunity of renting out your space to Bandhan Bank and contribute to expanding their ATM network.