SBI to deactivate these Debit Cards by December 31 of 2019

SBI to deactivate these Debit Cards by December 31 of 2019 SBI has asked its customers to update their magnetic stripes ATM-cum-debit cards to the ones with EMV chips before 31 December 2019.

As per RBI guidelines, SBI has replaced all Magnetic Stripe Cards of its customers with EMV Chip and PIN-based cards.

SBI to deactivate these Debit Cards by December 31 of 2019

SBI to deactivate these Debit Cards by December 31 of 2019

Are you a State Bank of India (SBI) customer? Have you still not changed your SBI magnetic stripes ATM cards to the more secure chip ones.

If you still have a magnetic stripe State Bank of India (SBI) ATM-cum-debit card, by the end of the year it will become useless, i.e., the lender will deactivate it.

As per the news report after December 31, all Magstripecards being used by SBI customers who failed to apply for a replacement will be deactivated by the bank irrespective of the validity period of the card.

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.

What is an EMV Chip Card?

Europay, MasterCard and Visa (EMV) chip-based debit cards come embedded with a microprocessor chip that stores and protects cardholder data.

This is supposed to be a more secure technology as compared to magnetic stripe cards.

How this will handy for the customers?

The cards are being disabled because of the ‘continuing frauds on magnetic stripe cards. Mainly because of the ‘continuing frauds’ on them SBI is deactivating these cards.

For debit card payments EMV Chip technology is the latest global standard. This technology features debit cards with an embedded microprocessor chip that stores and protects cardholder data.

Login to www.onlinesbi.com using your user ID and password. Select ‘e-Services’ option, under that choose ‘ATM Card Services’ and then ‘Request ATM/Debit Card’. The users can also apply through the SBI’s Yono app.

After receiving the EMV chip-based SBI debit card, you have to generate a “Green PIN” to start using the card.
It is free of cost. There will be no change in annual maintenance charges as compared to Magstripe Card.

How to check if your EMV based card has been issued?

SBI to deactivate these Debit Cards by December 31 of 2019 you should check with your home branch if the replacement card has been issued. If it has been issued, the branch will give you details of the dispatch.

If it has not been issued, you can apply for the replacement EMV chip debit card at the home branch.

The ATM card will be sent to your home address within 7 working days. You can also apply for the replacement card via your Internet banking account at www.onlinesbi.com.
There are no charges to replace magnetic stripe debit cards with EMV chip and PIN-based cards.

An EMV chip is placed on the front (center-left position) of the debit card. Users can check whether their card has an EMV chip or not.

There is a Chip located on the face (center-left position) of the debit card in EMV chip debit cards.

SBI to deactivate these Debit Cards

How to apply for SBI’s new EMV chip and pin-based card online?

SBI to deactivate these Debit Cards by December 31 of 2019

# Login to SBI website

# From e-Services in the top nav, select ATM Card Services.

# Now click on Request ATM/Debit card.

# Please choose your option to validate. Now click on Using One Time Password (OTP).

# Enter the OTP that you received on your registered mobile.

# Now, select the account. Fill details like Name on the card and type of the card.

# Click on the terms and conditions and then select ‘Submit’.

# After submitting, a message will flash on your screen saying ‘ You will receive your debit card within 7-8 working days at your registered address.

Conclusion

You can also apply for the more secured chip-based card online through Internet Banking.

Before applying, please ensure that your current address is updated in your account as the card is sent to the registered address only. Mobile number is mandatory for requesting the card online

It is free of cost. There will be no change in annual maintenance charges as compared to Magstripe Card.

Only the magnetic stripe cards without EMV chip will be deactivated. The SBI debit cards having both magnetic stripe and EMV chip will remain valid.
SBI customers who have not received their EMV chip cards are requested to approach the home branch for changing the Magstripe card immediately.

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