This is a big shocker to some SBI customers as their debit cards were blocked permanently. SBI Debit cards blocked and the reasons for taking this shocking decision has been delivered to customers. SBI debit cards blocked because of some security issues. SBI will replace these blocked debit cards with EVM chip debit cards for extra safety.
Earlier, RBI has ordered all the banks to replace magnetic pripe based ATM’s and debit cards with EVM chip based models. RBI has given deadline till September 30, 2017. Customers can contact their respective banks to change their debit cards. Debit cards has black magnetic script on rear side of the debit card which contains customer’s account information.