Atm Cards With Emv Chips

The Reserve Bank of India (RBI) had last year directed commercial banks to migrate their customers from Magstripe cards to the EMV chip and PIN-based cards.

State Bank of India (SBI) customers holding SBI "Magstripe Debit Cards" were required to apply for a replacement of the ATM-cum-debit card by December 31, according to the bank. The move by State Bank of India is in line with theReserve Bank of India (RBI)'s direction to commercial banks to migrate from magnetic stripe-based cards to EMV chip-and-...

The Reserve Bank of India has ordered banks to migrate all debit and credit cards from the ones with magnetic strips to those that use EMV chips and PINs. This, the central bank says, will secure transactions made with these cards at ATMs and merchant outlets.

The Reserve Bank of India (RBI) had last year directed commercial banks to migrate their customers from Magstripe cards to the EMV chip and PIN-based cards.

State Bank of India (SBI) customers holding SBI "Magstripe Debit Cards" were required to apply for a replacement of the ATM-cum-debit card by December 31, according to the bank. The move by State Bank of India is in line with theReserve Bank of India (RBI)'s direction to commercial banks to migrate from magnetic stripe-based cards to EMV chip-and-...

The Reserve Bank of India has ordered banks to migrate all debit and credit cards from the ones with magnetic strips to those that use EMV chips and PINs. This, the central bank says, will secure transactions made with these cards at ATMs and merchant outlets.