Suryoday Bank debuts NIL Own ATMs

-

 

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.

Quote

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.     

UnQuote

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.

 

 

 


Comments

Post a Comment

Popular posts from this blog

CERTIFICATE EXAMINATION IN INTERNATIONAL TRADE FINANCE

-
Image
          This certification is essential for all members of a Bank Trade Finance Department.   The syllabus covers key aspects required by team members to effectively discharge their duties. Trade Finance is one of the traditional forms of bank finance in India. In view of reforms and liberalisation, this has gained a new significance.   Many of the practices in trade finance have evolved over a period of time and some are guided by Ministry of Commerce and Reserve Bank of India, besides WTO and International Chamber of Commerce through UCPDC 600. With the increase in the volume of trade both domestically and internationally, there is a need for trade finance professionals from banks as well as corporates. The Objectives of this IIBF Examination is as under:   (i) To provide candidates with competencies required to function as trade finance practitioners. (ii) To enable candidates to possess the needed skill and knowledge to understand clients' needs
Read more

IIBF-Certificate Examination in Foreign Exchange Facilities for Individuals

-
          The primary objective this IIBF course is to make the branch officials familiar with the FEMA provisions that impact their day to day functioning at the branch level.     This exam is being introduced pursuant to the recommendation of a committee of RBI.           Normally foreign exchange transactions pertaining to individuals are handled at branches only and are not referred to specialised forex cells.           The course covers ‘Foreign Exchange Facilities for individuals under FEMA1999’ RBIs FAQs’ on Forex Facilities for Residents (Individuals) (updated up to November 21, 2014) For full details refer to Reserve Bank of India website: Introduction : The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Foreign Exchange Management Act, 1999 (FEMA), which came into force with effect from June 1, 2000, all transactions involving forei
Read more

Feedback on BB-Instant Vending Machines customer review_ “while login (maximum account limit reached for this number) problem”

-
Image
          Office goers in Bengaluru, Hyderabad and Noida along with apartment dwellers in Bengaluru, Hyderabad and Noida are doing a bit of their daily shopping through BB-Instant Vending Machines.           Vending machines in India are still a novelty and most of the vending machines expect hard physical cash to dispense the goods.           Fortunately, BB-Instant Vending Machine is 100% Digital Transaction based. The below issue is reported by quite few users while downloading BB-Instant App QUOTE Customer feedback:: my problem still not solved, I have tried to solve my error message while login (maximum account limit reached for this number) problem but you people cannot fix it infact you are saying to change my mobile number, you think for your stupid error I'm going to change my number. Standard BB-Instant Customer Team Response: Bigbasket.com2 July 2019 We are very sorry to have you disappointed, kindly share us your details at appsupport@bi
Read more