The State Bank of India has announced that all non-EMV chip debit cards will be deactivated after December 31, 2019, irrespective of the card’s validity date.
If you are using a card with a magnetic stripe, then you need to upgrade it to an EMV chip and pin-based card. The RBI’s new rules mandate this, and the last date to comply was originally December 31, 2018.
The EMV chip-based cards have an embedded microprocessor chip that is more secure than magnetic stripe cards.
The SBI has asked account holders to check with their home branch if they have not been issued a replacement card. If you haven’t been issued one, you can apply for it there and it will be sent to your home address within 7 working days. The same can be done via internet banking as well, under ‘e-services’ > ‘ATM card services’, it said.
Customers will not be charged for seeking a replacement for the card.
Stay ahead with Odisha Bytes Breaking News - your ultimate source for the fastest, most…
New Delhi: After the record-breaking success of ‘Pushpa 2: The Rule’, Rashmika Mandanna has her…
Bhubaneswar: Twelve members of Village Water and Sanitation Committees (VWSC) from nine districts of Odisha…
Hyderabad: Bollywood actress Janhvi Kapoor, who is rumoured to be dating Shikhar Pahariya, had once…
Bhubaneswar: In a remarkable stride toward strengthening industrial ecosystem, the Odisha government on Wednesday approved…
Bengaluru: Playing away from home, Odisha FC turned the game on its head to snatch a…
This website uses cookies.
