Are you still using the old SBI Magstripe Debit Card? It's time to apply for the EMV Chip Debit CardIf you are using an old SBI debit card and not applied for the EMV Chip Debit Card yet, please do it as early as possible because as per the official guideline the process has to be completed by 31st December, 2018. This replacement is absolutely free of cost and can be applied through online also. Many of you might be using the old Magstripe Debit Cards which are still active now, but will be blocked by the end of this year. This news is doing the rounds for a while and there is a confusion among many regarding the process or type of cards for which this replacement has to be done.
In a tweet (@TheOfficialSBI) on 10th August, 2018, SBI announced it again and requested all to do it within 31.12.2018. Time to time some important notifications are circulated that we often forget to look into. So, this is a gentle reminder to the members those who have not applied for the new EMV Chip Debit Card and currently using their old Magstripe Debit Card. Some might have already requested the bank authorities to block their cards for some reason, the same thing is applicable to them also because the old type cards which are blocked from 28th Feb, 2017 onwards, will never be unblocked again and will remain permanently blocked. So, kindly adhere to the guidelines issued by the bank and do it immediately to avoid the rush.