Business / SBI will completely block non-chip debit cards from April 29, customers notified

India Today : Apr 18, 2019, 04:31 PM
All banks are required to migrate customers to EMV chip cards before April 29. State Bank of India is already notifying its customers about the deadline. Customers can still upgrade to new EMV cards by visiting their nearest bank branch. The new RBI guidelines required all banks both from private & public sectors, to upgrade their customers from the old magnetic strip cards to new EMV chip-based debit & credit cards.