The partnership was announced at the Global Fintech Fest 2026 on September 11. It gives Suryoday another way to reach deposit customers without relying only on branches or mobile banking, while using infrastructure operated by Hitachi Payment Services.

The service uses Android-based Money Spot white label ATMs, which are operated by a non-bank company. Customers can check the available FD rates on the machine and begin booking a deposit. SprintMoney connects the bank’s offerings with the ATM interface, extending the machine’s role beyond cash transactions.

Suryoday’s managing director and chief executive, Baskar Babu Ramachandran, linked the initiative to the bank’s financial inclusion strategy. The channel is intended to reach people who are familiar with ATMs but may be less comfortable using mobile apps. Deposit bookings will remain subject to the bank’s rules and RBI guidelines.

Operating since 2017, Suryoday has 717 banking outlets and a strong presence in Maharashtra, Tamil Nadu and Odisha. The tie-up offers a route to wider distribution without adding physical branches. SprintMoney also plans to bring other banks onto the platform, although a timeline has not been stated.