In the age of Digital India, there are more opportunities than ever for earning passive income through commercial property rentals. One particularly profitable option is the Bank of Baroda ATM Franchise, which enables property owners to lease out space for ATM installations.
I’m also looking for the BOB ATM Space Rental Program and how can i rent out my space to earn passive income! Pls share the complete information on the Bank of Baroda ATM Franchise, including the application process, space rental requirements, investment details, and official contact information. If you’re considering renting your space for a Bank of Baroda ATM, provide the step-by-step process and potential returns below.
Bank of Baroda (BOB) is one of India’s most trusted public sector banks with over 4,000+ branches nationwide. It has a vast ATM network, providing customers with easy access to banking services. Renting your property for a BOB ATM is a smart investment due to the high demand for ATMs and assured monthly income. Anyone who has a commercial property in high-footfall areas including a marketplace, residential area, or other place can rent out their property for ATM Machine Installation. Property owners can earn decent passive income through this rental program.
Key Benefits of the Bank of Baroda ATM Franchise
Steady Passive Income => Earn between ₹25,000 to ₹90,000 per month based on location and foot traffic.
Low Investment => Requires an initial refundable deposit of ₹2-3 lakh, making it a cost-effective business model.
High Demand => With the rise in digital transactions, the need for physical cash withdrawal points is increasing.
Long-Term Lease => Banks sign agreements for 5-10 years, ensuring a stable income.
Minimal Management => ATMs are fully managed by the bank; no operational hassles for landlords.
Bank of Baroda ATM Rental Program - Overview
Bank Name
Bank of Baroda (BOB)
Established
20 July 1908
Franchise Type
ATM Space for Rent
Application Method
Online / Offline Proposal Submission
Income Potential
₹25,000 to ₹90,000 per month
Headquarters
Vadodara, Gujarat, India
Authorized By
Government of India
Official Website
www.bankofbaroda.in
Space Requirements for a Bank of Baroda ATM Franchise
To qualify for renting your space for a Bank of Baroda ATM, you must meet the following requirements;
Eligibility Criteria
Commercial property located in a high-footfall area (marketplace, near residential societies, etc.).
Minimum space requirement: 50-80 sq. ft. (10ft x 10ft room).
Legal clearance: The property should not have any legal disputes or pending installments.
Local Authority Approvals: Necessary permissions from municipal bodies must be secured.
Additional Provisions: Space for a network server room and a dish installation area on the roof is required.
Note: ATMs installed in high-traffic areas yield better monthly rental income.
Bank of Baroda ATM Franchise: Investment & Earnings
Expense/Income Factor
Details
Space Requirement
50 to 80 sq. ft.
Refundable Security Deposit
₹2-3 Lakh
Franchise Fee
₹2 Lakh
Monthly Rental Income
₹25,000 to ₹90,000
Lease Duration
5-10 Years
Documents Required for BOB ATM Franchise Application
To apply for the Bank of Baroda ATM Space for Rent, you need to submit the following documents;
Aadhaar Card / Voter ID / PAN Card (for verification).
Bank Account Details & Passbook Copy.
Registered Phone Number & Email ID.
Passport-size Photographs (4 copies).
GST Registration Certificate (if applicable).
Financial Proof of Net Worth (if required by the bank).
How to Apply for a Bank of Baroda ATM Franchise?
If you own a commercial property and meet the above criteria, follow these steps to apply for a Bank of Baroda ATM Franchise:
Visit the Bank of Baroda Branch => Approach your nearest BOB branch and inquire about ATM installation requirements in your area.
Submit a Proposal => Provide details of your property along with the required documents.
Bank Evaluation => The bank will assess your property’s location and demand.
Approval & Agreement => If approved, the bank will send an agreement outlining lease terms.
Space Handover & ATM Installation => Upon finalizing terms, the ATM installation process begins.
Start Earning => Once operational, you will receive monthly rent as per the agreement.
Tip: You can also submit your proposal online via Bank of Baroda’s official website i.e. www.bankofbaroda.in or by posting an ad on real estate platforms.
Bank of Baroda ATM Franchise Contact Information
For further queries or assistance regarding the BOB ATM Space for Rent, contact the bank’s customer support team;