Kya Apka ATM CARD Band Ho Gaya?Kon Sa ATM CARD Safe Hai?Aur Kyu?Magnetic Or EMV Card KYA HAI?(HINDI)
151 views · Published 12 October 2018 · 7:27 · Indexed 21 September 2026
Channel: AhMaD Infotech · 2018 · Science & Technology
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In This Video I have talked about ATM CARD BLOCK?
SBI is replacing the existing magnetic stripe (called magstripe) debit cards with RBI-approved EVM Chip debit cards.
To identify whether your card a magstripe or an EVM, look for a chip placed on the front side the card. No chip means your card is a magstripe debit card. Please note that a magstripe debit card once locked will remain locked forever and there is no way to unlock it.
SBI last year was hit by a massive cyber attack, compromising nearly 32 lakh ATM cards. The malware was first detected in a non-SBI ATM network following which SBI blocked 6 lakh debit cards to reduce the damage. RBI last year itself directed the banks to use EVM Chip debit cards instead of the Magstripe ones to avoid any form of banking forgery. It has also set September 30, 2017 as the deadline for all the banks and white label ATMs (ATMs opened by non-bank entities with RBI's permission) to issue EVM cards.
If you look at your debit card closely, you will see a black strip running at the back or a chip at the front. These are Magstripe and EMV cards. Here's a better explanation of the two:
Magstripe cards: A magnetic-strip based or Magstripe card will have a black magnetic strip at the back. This strip is made of small magnets which have all your banking related information stored in it. When the card is swiped at any EDC machine, the device processes the information it receives from the strip and transaction is done.
EVM Chip debit cards: An EVM chip card can be identified by a chip placed on the front side of the card. This chip contains all your banking details in an encrypted form. This card works using a PIN. You are asked to give manually enter a PIN whenever this card is swiped on an EDC machine for any transaction. This technology has to comply with standards developed by Europay, MasterCard, and Visa (EMV).
EVM Chip debit cards are safer than the magstripe cards as it is difficult to copy the encrypted data. RBI in its circular dated September 22 had stated that " majority of the cards issued by banks in India are magstripe cards and the data stored on such cards are vulnerable to skimming and cloning."
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