Suryoday Small Finance Bank to suspend ATM banking services from October 1

Suryoday Small Finance Bank

Suryoday Small Finance Bank will be discontinuing its ATM banking services from October 1, 2021 as it is planning to boost its digital banking initiation program. However, Maharashtra-based bank’s ATM and debit card holders will be able to access their cards at other bank ATMs.

Besides, other services such as PIN generation, fund transfer, mini statement, balance enquiry etc will only be available through internet banking and mobile banking.

According to the Reserve Bank of India guidelines issued in November, Small finance banks will be allowed to provide basic banking services, accepting deposits and lending to unserved and under-served sections including small business units, small and marginal farmers, micro and small industries, and entities in the unorganised sector.


The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.