HomeUncategorizedChange your magstripe debit cards (SBI ATM cards) to EMV Chip Debit Cards by the end of 2018

Change your magstripe debit cards (SBI ATM cards) to EMV Chip Debit Cards by the end of 2018

October 16, 2018
SBI asks account holders to change your magstripe debit cards to EMV Chip Debit Cards before 31st Dec  2018
Those holding SBI magstripe debit cards have to change to EMV chip debit cards by the end of this year, India’s biggest bank said. Account holders can approach SBI home branch or apply online. Important Information for SBI Magstripe Debit Cardholders.  India’s biggest bank, SBI or State Bank of India, has urged account holders who have magstripe debit cards to shift to EMV chip debit cards. In a tweet, SBI said those holding magstripe debit cards have to shift to EMV chip debit cards by the end of this year, according to RBI rules. SBI also said that the “conversion process is absolutely safe and comes with no charges.” The RBI had in 2015 asked banks to issue only chip-based and PIN-enabled debit and credit cards. SBI ATM Debit Card change Online Apply Complete Process given here.

 
Are you an SBI ATM card holder? Your card might not work after December 31
India’s largest bank, SBI, has recently issued a notice on its official website, informing customers that, “It has been decided by the Bank that all the Magstripe Debit Cards which are in blocked state as on 28-Feb-2017 and to all such requests for blocking thereafter will remain blocked permanently. Instead free EMV Chip Cards have to be issued to them. The affected cardholders are to be advised to apply for replacement EMV Chip Card through internet banking or by approaching their home Branch.
change your magstripe debit cards (SBI ATM cards) to EMV Chip Debit Cards by the end of 2018
 
State Bank of India Notice

” Dear Customers, it’s time to make a shift. As per the RBI guidelines, you are required to change your Magstripe Debit Cards to EMV Chip Debit Cards by the end of 2018. The conversion process is absolutely safe and comes with no charges. ” the SBI said in a tweet.

స్టేట్ బ్యాంక్ ఆఫ్ ఇండియాలో మీకు  అకౌంట్ ఉందా?
అలాగే డెబిట్ కార్డు కూడా వాడుతున్నారా?  

అయితే ఇప్పుడు ఈ జాగ్రత్త తీసుకోకపోతే ఇకపై మీ డెబిట్ కార్డు పనిచేయదు. సుదీర్ఘకాలంగా స్టేట్ బ్యాంక్ ఆఫ్ ఇండియాలో ఖాతా కలిగి ఉండి,  డెబిట్ కార్డు వెనకభాగంలో కేవలం మ్యాగ్నెటిక్ స్ట్రిప్ మాత్రమే ఉన్న  డెబిట్ కార్డు మీరు వాడుతున్నట్లయితే డిసెంబర్ 31, 2018 లోపు అర్జెంటుగా మీ డెబిట్ కార్డు మార్పిడి చేసుకోవాల్సి ఉంటుంది. 

How to apply for new EMV chip SBI debit cards online
1. Log into www.onlinesbi.com using user id and password
2. Under “eServices” tab
3. Click on “ATM Card Services”
4. follow the instructions.

How to know whether your debit card is a magstripe card
According to SBI, you can identify your debit card as a magstripe debit card if there is no chip located on the face (centerleft position) of the debit card.

https://www.onlinesbi.com/


https://bank.sbi/


Know more: https://bank.sbi/portal/web/personal-banking/magstripe-debit-cardholders 

EMV chip technology, the latest global standard for debit card payments, features debit cards with embedded microprocessor chip that store and protect cardholder data. This is a much secure technology as compared to magstripe variants of debit cards. EMV chip card protects against counterfeit (skimming) card fraud.

SBI on its website informed account holders that “magstripe debit cards which are in blocked state as on 28 February 2017 and to all such requests for blocking thereafter will remain blocked permanently.”

Instead, SBI said, “free EMV chip debit cards have to be issued to them”. SBI urged affected cardholders to apply for replacement EMV chip debit card through internet banking or by approaching their home branches.

SBI NEW EMV CHIP DEBIT CARD INFORMATION

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