SBI to account holders: Change to chip-based debit cards1 min read . Updated: 03 Sep 2018, 02:25 PM IST
For replacement of magstripe ATM-cum-debit cards, SBI account holders can apply online through the bank's internet banking facility. They can also visit their home branches.
State Bank of India or SBI, India’s biggest bank, has asked its customers to change their magstripe ATM-cum-debit cards by the end of this year. SBI will issue new EMV chip debit cards to its customers for free. For card replacement, SBI ATM-cum-debit card-holders can visit their home branch or apply online through internet banking. “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," SBI said in a tweet.
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