Suryoday Bank debuts NIL Own ATMs

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Suryoday Bank debuts NIL Own ATMs

Visitors arriving at the Suryoday Bank Web page are greeted with the following scrolling message.

The message is for Account Holders of Suryoday Bank.

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Due to operational reasons Suryoday Bank ATMs will be discontinued w.e.f. 1st Oct 2021.

However, you can continue to use your Suryoday Bank ATM/Debit Card at any other Bank’s ATM for your cash withdrawal requirements. For other banking services you can use our Internet Banking and Mobile Banking (24*7). Stay Safe, Stay Alert – Suryoday Small Finance Bank Ltd.     

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Suryoday started its journey in 2008 as a microfinance institution and transformed into a small finance bank in January 2017.

 


To minimise inconvenience to its customers, the bank is planning to formulate a strategy where it would offer its customers five to seven free transactions per month when they use the ATM network of other banks to withdraw cash.

As of June 30, 2021, the SFB had a total of 555 banking outlets out of which liability-focused outlets were around 97 and the total employee count was nearly 5,072.

Suryoday Bank offers multiple variants of Saving Bank Accounts and Current Accounts.

‘Share your Smile Savings Account’ and ‘Next Gen Savings Account’ are unique Saving Bank Accounts sub-categories.

 

Saving Bank Account Variants:

·         Savings Ujjwal

·         Savings Aditya

·         Savings Classic

·         Savings Supreme

·         Savings Health & Wellness

Current Account Variants:

·         Current Account Ujjwal

·         Current Account Aditya

·         Current Account Classic

·         Current Account Supreme

 

“We realised that far too many customers were not using our ATMs, we could not make it a profit center, and hence we decided that we give customers free transactions on other bank ATMs rather than continuing with these machines,” R Bhaskar Babu, MD, Suryoday Small Bank Finance was quoted as saying by Economic Times.

            The detailed guidelines for the free transactions on other bank ATMs may be released soon by the bank.

 

 

 


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