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ATMs of this  bank  will be closed from October 1 know what is the reason?

ATMs of this bank will be closed from October 1,  know what is the reason?

Bank ATM: The  bank   said that   customers can use   internet banking and   mobile banking for banking services.

Effective services

  1. Money withdrawal
  2. PIN generation,
  3. fund transfer,
  4. mini statement,
  5. balance enquiry
etc.  

will be  available   through Internet Banking and Mobile Banking.

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Bank will shut down its ATMs

Loss in   running ATM to the  bank
Information given to   customers
Suryoday Small Finance Bank is shutting down its ATM   services from October 1.

Bank said to Customers ?

The  bank   said that now   more of its   customers  are not   using ATMs, so it  is not   profitable for them to run them.

The  bank   said that   customers can use   internet banking and   mobile banking for banking   services.  PIN generation, fund transfer, mini statement,   balance enquiry etc.

will be  available   through Internet Banking and Mobile Banking.

What will be the option now?

The  bank said that  it will  give customers the option   to use their debit cards at ATMs of other banks.

You can  continue to use your Suryoday Bank ATM / Debit Card for cash withdrawal at  any  other bank's ATM   for your needs,

the  bank   said in its message to the   customers.  No  charge   will be taken from them for this.

What did the MD say?

According to a   report in Times of India, Suryoday R Bhaskar Babu, MD of the  bank said, "We realized that now many of our   customers  are not   using ATMs. We  are not   able to make it a profitable deal

That's why we decided that   instead of running   these machines, customers  should  be given the facility of free transactions in ATMs of other banks.

Notably, as of June 30 this year, Suryoday SFB had a total of 555 banking outlets, out of which  97  were  liability  focus outlets and  the total  employee  strength was 5,072.

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