(LiveMint)
Are you a State Bank of India (SBI) customer? Have you still not changed your SBI magnetic stripes ATM cards to the more secured chip ones. Well the bank has given you another chance to update the same. SBI has asked its customers to update their magnetic stripes ATM-cum-debit cards to the ones with EMV chips before 31 December 2019. “Apply now to change your Magnetic Stripe Debit Cards to the more secure EMV Chip and PIN based SBI Debit card at your home branch by 31st December, 2019. Safeguard yourself with guaranteed authenticity, greater security for online payments and added security against fraud,” SBI tweeted.
As per RBI guidelines, SBI has replaced all Magnetic Stripe Cards of its customers with EMV Chip and PIN based cards. “Dear Customer, Magstripe card replacement is free of cost, available online or at your home branch. You can apply for the card at the branch and request a refund at the branch along with proof if the charges are levied,” SBI tweet further read.
