State Bank of India blocks ATM cards over security reasons

State Bank of India blocks ATM cards over security reasons

In view of possible security issues, the State Bank of India (SBI) has blocked some of the ATM debit cards while urging them to contact the bank authorities for changing their pin numbers.

The bank had reportedly asked its customers to change their secret pin number. Those who had not changed the number were asked to contact the bank branch when they tried to withdraw money on Friday and Saturday.

The bank said it blocked the cards which are regularly used at specific ATMs prone to fraudulent activities. The customers whose ATM cards are blocked now have to avail a new card from the bank. The new card will be distributed free, the bank said.

Currently these customers posses magnetic cards and the bank intends to replace it with new chip cards. This is to curb recurrence of the Thiruvananthapuram-style high-tech ATM robbery, the bank said.

Source:BankingUpdates