Discontinuation of Sarvodaya Bank for Fund Transactions

The Reserve Bank of India (RBI) has cancelled the licence of Sarvodaya Bank. As a result, bank accounts linked with Sarvodaya Bank will no longer be supported for fund transactions on the FYERS platform.

For existing clients:

• Clients who have linked Sarvodaya Bank accounts are advised to update their bank details through the ‘Profile’ section on any of our platforms at the earliest.

• If Sarvodaya Bank is the only linked bank account, clients are required to update the existing bank details. For the procedure to update bank details, refer to this article.

• If another bank account is already linked, clients are advised to set the other bank account as the primary bank account. To set the bank account as primary, refer to this article.

For new clients:

• Sarvodaya Bank accounts can no longer be added or registered on our platform.

Note: Please ensure the necessary changes are completed to avoid any interruption in adding or withdrawing funds.

For more information, refer to this circular.