These ATM/credit cards will stop operative starting today

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If we are regulating an aged ATM/debit or credit label afterwards we need to revisit your bank immediately. This is since aged ATM/debit or credit appropriate cards will stop operative starting Jan 1, 2019. The Reserve Bank of India (RBI) in 2015 had released a gauge to all bank opposite India mandating them to get absolved of aged captivating ribbon cards. This is since captivating ribbon cards can simply be skimmed and dissipated by criminals. As per a RBI directive, all captivating ribbon cards were to be transposed by EMV chip cards by Dec 31, 2018. Here is all we need to know about this transition

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