Suryoday's website informed that it will discontinue its ATM services from October 1.
The bank mentioned, "Due to operational reasons, Suryoday Bank ATMs will be discontinued w.e.f. 1st Oct, 2021."
Although, consumers can continue to use their ATM/Debit Card at any other Bank’s ATM for cash withdrawal requirements.
The bank also said that, customers can use Internet Banking and Mobile Banking for 24X7.
Last month, Bhaskar Babu, the Managing Director (MD) and Chief Executive Officer (CEO) of Suryoday Small Finance Bank Limited, said in his message to the shareholders in the annual report that the bank will use strategic collaborations to become a one-stop solution bank.
Bhaskar Babu said, “Our core mission for the next 3 years will be to build financial robustness for our inclusive finance customers using digital channels, which is simple, easy to operate and gives them holistic product options for wealth creation and superior user experience."
Suryoday SFB is a scheduled commercial bank. The bank started its operations as an NBFC and started its operations as an SFB in 2017.
The bank has its presence in over 13 states and Union Territories across the country via its 555 banking outlets, with a strong presence in Maharashtra, Tamil Nadu and Odisha.
Suryoday had reported a loss of rupees 48 crore loss in the first quarter of this fiscal year on account of a write-off, provision on restructuring and also the earnings that were affected on account of lower disbursements due to the second wave of Covid–19 pandemic.
Suryoday SFB had reported a net profit of rupees 27 crore in the year-ago, same quarter.