Big and important news: SBI's all ATM cards will become useless

Big and important news: SBI's all ATM cards will become useless


Big news is coming to the country's largest bank, State Bank of India. The bank has made a big decision on ATM cards. Yet ATM card to all customers so they keep coming reports will no longer work.

Sources which will be useless ATM customers of banks were reported to them. The bank has decided that something else will be brought to their place.

Time till September 30

All the reports that are coming out in media reports, all customers have time till September 30.
After that all ATM cards will be automatically blocked. Therefore, contact the bank before this.

New ATM cards will be issued

SBI has decided that they will be carrying chip-based debit cards in place of old cards. Which will be quite flowerproof.

Safety decision taken

There is no official information about SBI blocking the ATM card. The country's largest bank said in its statement that the bank is changing the debit card with the old magnetic strip. Now instead of issuing new EVM chip cards The Bank has notified its official website in this context, which states that this step is being taken from a security perspective.


What is an ATM or debit card with magnetic strip

A black bar appears on the back of the old ATM and debit card. This is the black bar magnetic strip that contains the complete information about your account. After entering the PIN in the ATM, you can withdraw money from your account as soon as you enter the PIN. Such cards are swiped at the time of purchase.

More secure EVM chip cards

There will be a small chip on the EVM chip debit or credit card, which contains complete information about your account. This information is encrypted so that no one can steal its data.