21/3/2018
PUNE: In
order to ensure safe and secure ATM and online transactions, Bank of
Maharashtra is replacing all the magstripe debit cards with newer and EMV Chip
cards. The bank has taken various steps to reach out to all its customers and
urging them to replace their existing debit cards with the EMV chip cards.
For the sake of convenience of the customers, bank has
extended the facility wherein customers can replace their existing cards with
the new upgraded ones at any branch of the bank. Customers can avail the new
card immediately if he/she approaches any of the bank’s branches and fills out
the form requesting the same. The card would be activated within a day
from issuance.
Bank has guided all its staff members to complete the process
swiftly and ensure that the maximum time for replacing an old card does not
exceed 20 minutes once the customer fills the form. The bank regularly checks
its inventory and delivers additional cards to all the zonal and nodal branches
on timely basis.
“In order to make the process hassle-free for the customers,
Bank has tried to activate the cards in the least time required and have made
sufficient stock of cards available at all the Zonal Offices/Nodal branches
that can be supplied to local branches time and again,”
Bank of Maharashtra has undertaken this initiative as per Reserve Bank of India’s directives on replacing all existing magstripe cards with more secure EMV Chip cards. The bank plans to complete replacement of all cards well within the RBI deadline.
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