Welcome to this blog “EMV (Europay MasterCard Visa) Chip Debit Card Customer Care” RBI announces that from 1st January 2019, your old debit cards, which has only magnetic stripe but not EMV (Europay MasterCard Visa) chip, will be outdated and no longer be used. RBI has done it to secure your debit cards in more efficient manner so that misuse or hacking of debit cards can be controlled. There is another advantage of these cards: they can be used in international platform too.
How will you identify whether your card will be changed (Magnetic Stripe Based Debit Card) or not (EMV Debit Card):
If your already existing card has only black stripe at its back, it must be changed for further transactions. But if you found a sim like structure at the front of your debit card, it can be EMV (Europay MasterCard Visa) chip debit card and no need to be changed. I have attached snapshots regarding to identification of such cards.
How will you get EMV (Europay MasterCard Visa) Cards:
The bank, in which you have your account, is responsible to provide you these cards. All the banks use postal service and you will get your card at your home. In case, you do not get your card or you have some emergency, you can go to the branch and personally collect it. Banks has sent all their customers an SMS regarding to inform about this.
The Need behind EMV (Europay MasterCard Visa) Cards:
To stop online as well as offline fraud, EMV cards are specially designed. As you know till now, in ATM centres your card can be cloned or scanned by different sources. But by using EMV cards, such crime can be controlled. Also, till now, hackers were easily identifying your card information online and do transactions, but now, such things can be inhibited too.
Advantages of EMV (Europay MasterCard Visa) Debit Cards Over Previously Used Debit Cards:
- EMV (Europay MasterCard Visa) debit cards will be more secured than previous ones. They cannot be easily hacked because it will generate new code at each and every transaction and this is the reason, hackers will face problem while hacking.
- EMV (Europay MasterCard Visa) debit cards can be used also at international level as well as across the whole nation.