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SBI asks customers to change magstripe debit cards by December 31, says report

SBI asks customers to change magstripe debit cards by December 31, says report

SBI asks customers to change magstripe debit cards by December 31, says report
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By CNBC-TV18 Dec 17, 2018 2:42:59 PM IST (Updated)

SBI has been rolling out new ATM Debit Cards for its customers as the bank is replacing Magstripe Debit Cards.

India's largest bank, State Bank of India (SBI), has been rolling out new ATM Debit Cards for its customers as the bank is replacing Magstripe Debit Cards issued earlier with EMV Chip Debit Cards, reported Zee Business

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So SBI debit card holders, who have old SBI ATM debit card, you must get it replaced by December 31, 2018 as the new cards issued by are more secure against misuse, according to
"We're replacing ‘Magstripe Debit Cards’ with more secure ‘EMV Chip Debit Cards’, free of cost. Switch to an EMV Card today. Last day to upgrade your Debit Card: 31st December 2018," said the SBI in a tweet.
After December 31, 2018 old Magstripe Debit Cards will not work and the bank has already started the process to make these cards invalid, according to report.
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