SBI customers need to complete these key tasks before January 1. Check details

As the December 31 deadline set by the RBI ends tomorrow, SBI account holders will not be able to use their cards at any ATMs from January 1, 2019. The only way they can enjoy services is by upgrading to the new card.

HIGHLIGHTS

• SBI account holders have to upgrade their to new EMV chip cards before January 1
• December 31 deadline set by RBI to upgrade to new cards ends tomorrow
• SBI customers also need to register mobile number with bank to avoid disruption in internet banking serevices

The country’s largest public bank SBI (State Bank of India) will permanently block debit and credit cards of its account holders, who have not upgraded from magnetic chip-based cards to the new EMV chip cards.

As the December 31 deadline set by the RBI ends tomorrow, account holders with magstripe cards will be denied services at ATMs. The only way they can enjoy services is by upgrading to the new card.

RBI had earlier issued a mandate, which prompted SBI to ask its customers to change existing magstripe cards.

"Get the ultimate shield! As per RBI mandate, replace your magstripe card with the EMV Chip Card and continue availing debit card facilities. Apply before 31st December 2018 and get it for free," SBI posted in a recent tweet.

The tweet clearly mentions that only those account holders with EMV chip cards will be able to avail debit card facilities.

A customer has to apply before December 31, 2018, to get it for free. In case you apply thereafter, the bank may charge you some money for the card.