These ATM/credit cards will stop working starting today

These ATM/credit cards will stop working starting today

If you are using an old ATM/debit or credit card then you need to visit your bank immediately. This is because old ATM/debit or credit swipe cards will stop working starting January 1, 2019. The Reserve Bank of India (RBI) in 2015 had issued a directive to all bank across India mandating them to get rid of old magnetic stripe cards. This is because magnetic stripe cards can easily be skimmed and misused by criminals. As per the RBI directive, all magnetic stripe cards were to be replaced by EMV chip cards by December 31, 2018. Here is everything you need to know about this transition

​All banks have stopped supporting old magnetic stripe cards starting today, January 1

2 / 11​All banks have stopped supporting old magnetic stripe cards starting today, January 1

Starting today (January 1), only ATM/debit or credit cards with EMV chip will be acceptable.

3 / 11Starting today (January 1), only ATM/debit or credit cards with EMV chip will be acceptable.

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Source:- gadgetsnow

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