ATM Given Case of growing cyber crime and fraud, the Reserve Bank had to protect the ATM card RBI said the change to the new chip card the old magnetic strip cards from banks. Today is the last date to replace the old card. From April 30, 2019 will stop working magnetic strip cards. From across the country, including the capital, are constantly cases of fraudulent ATM cloning and other methods. RBI believes that the new EMV (the risk of fraud in Europe, MasterCard and Visa) cards will be very low.
Points away from the safety of ATM card banks RBI had said the change to the new chip card the old magnetic stripe cards. Debit and steps were taken to protect the credit card. Although banks had in the report prior to its clients and many bank is sending new chip ATM cards at home of your customers. Thing give customers in the need not have an account with the bank panic, the bank has to take passbook branch. Here you'll fill out a form. Then you will find instead a new EMV cards the old card. People who use Internet banking, they can online apply for a new card.
Gone is putting new EVM cards to friends? Site with chip visibility of mobile SIM cards left on the show. This chip contains all the information associated with your account that provides better protection for your account. There will be no extra charge for it.
How to Identify the two cards differ?
Chip of some kind of magnetic stripe card is not. However, the friends? Site EMV cards fitted with a chip to monitor the mobile SIM card left side. This card is the need password to transactions of any kind. Complete information about your account is in the chip.
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