SBI Debit Card Blocked Permanently
State Bank of India, India’s largest bank and a Fortune 500 company has blocked all the magstripe SBI debit cards permanently. This has come in the backdrop of enhanced security measure and in compliance with the RBI guidelines. As per new guidelines, customers are to request for replacement EMV Chip SBI Debit card by either visiting home branch or using Online services.
An SBI Debit card customer using the old magstripe debit card will receive the below SMS
“Your State Bank Debit Card ending XXXX is blocked on DD-MMM-YY at HH:MM. Tkt No XXXXXXXXXXXXXXX. Apply for replacement Card at www.onlinesbi.com or home branch”
What is Magstripe card ?
A Magstripe card can be identified by looking at the center-left position on the face of the debit card. If there is no Chip located on the
face of the Debit Card, it is a Magstripe card.
What is EMV Chip Debit Card?
If there is a Chip located on the face (center-left position) of the SB Debit Card, it is a EMV Chip Debit card. It is the latest global standards for debit card payments. The microprocessor chip present on the card holds and protects the cardholder data much more efficiently than the Magstrip debit cards.
How can I apply for the replacement SBI Debit Card?
SBI Debit card holder can directly visit the home branch and request for replacement EMV Chip Debit card. Alternatively, Customer can request for issuance of the replacement EMV Chip Debit Card online . Login to SBI online using the User ID and password credentials provided to you initially. Apply for EMV Chip Debit card online by selecting “ATM Card Services” under the eServices” tab.
The replacement card is absolutely free of cost for the existing SBI debit card holders. The annual maintenance charges also remains the same for the new card.