SBI to deactivate these ATM-cum-debit cards from January1 min read . Updated: 29 Dec 2019, 08:33 AM IST
- SBI has asked its customers to upgrade their old cards to the more secure EMV chip and PIN-based debit cards
- SBI customers can either visit their home branch or apply online through internet banking to get EMV chip-based cards
State Bank of India (SBI) has announced that magstripe debit card will be deactivated by 31 December 2019. You are left with just a few days now to get your magnetic stripe debit card upgraded with EMV chip and PIN-based SBI debit card. With effect from 1 January 2020, SBI customers will not be able to use their old magnetic stripe debit cards even if the validity of the card has not expired. The bank had also tweeted last month asking its customers to upgrade their old cards to the more secure EMV chip and PIN-based debit cards.
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