Have SBI ATM Card? You May Have to Get it Replaced

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information.

Do you have an SBI ATM card? Is there no EMV chip on your ATM-cum-Debit card? If your answer is in affirmative, you will have to get your ATM card replaced with the new EMV chip-enabled SBI debit card by December 31^st, 2018 according to a tweet by the country’s largest bank. As per a RBI directive, banks are asked to provide only chip-embedded debit and credit cards.

Cardholders having magstripe (ATM cards having only magnetic strip on the rear side) cards have to get new debit cards. The bank is, however, providing these updated cards free of cost and many of those have no annual fee as well. Customers can choose a card as per their preference. SBI is providing following debit cards to its customers:

These chips also have the capability to store loyalty information which can be used to earn and redeem loyalty points at participating merchants. Account holders can apply for upgrading their card either by logging in to their internet banking account or by visiting the home branch.

What is an EMV Chip Card?

An EMV chip card is a type of smart payment card that contains an electronic chip with a microprocessor. Instead of storing data on the magnetic stripe, data is stored on integrated circuits in the EMV chip in these cards. Whenever a transaction is carried out through these cards, a dynamic data is provided making it almost impossible to clone or duplicate and carry out fraudulent activities.

These chips also have the capability to store loyalty information which can be used to earn and redeem loyalty points at participating merchants. Account holders can apply for upgrading their card either by logging in to their internet banking account or by visiting the home branch.

How to Apply for SBI EMV Chip Cards Online?

You can apply for a new EMV chip debit card by following these simple steps:

• Visit SBI’s netbanking portal and login to your account.
• Select “ATM Card Services” from the “e-Services” section.
• Select the “Request ATM/Debit Card” option from the list.
• Select the account number, enter the name you want on the card, select the type of card, accept the terms and conditions and click on the “Submit” button.
• You have to validate this request either using the OTP feature or your profile password.
• In case you have forgotten the profile password, you can use the One Time Password (OTP) to validate your request.
• Verify all your details and click on the “Submit” button.
• Your request will be submitted and a confirmation message will be displayed on the screen.

• Your SBI ATM Card will be delivered to your residential address mentioned in the bank’s database.

Important Points Regarding SBI ATM Card Request

• Account holders can avail the online service for upgradation of their card from 8:00 a.m. to 8:00 p.m.
• Mobile number is mandatory for availing the online debit card upgradation
• The new debit card is sent to the registered address of the customer.
• It takes around 7 – 8 days for the delivery of the card.
• Once the new card is activated, the old magstripe card will automatically stop functioning.