Ask NewsBytes
User Image

Is this cash limit applicable to EMV chip cards n payment through POS at Hospitals n other emergency services?

Asked 2018-10-30 14:07:47 by Ramanarao Venkata Vanguri

Answered by NewsBytes

As far as we are aware, the Rs. 20,000 limit is only applicable to Classic and Maestro debit cards (EMV or otherwise) on cash withdrawals from ATMs. To get a higher withdrawal limit, you can apply for SBI's other cards. Digital transactions do not have a cap, so POS payments shouldn't be an issue.

How I know my existing debit card is an EMV chip card or otherwise?

Asked 2018-10-29 12:47:28 by Joseph Ooden

Answered by NewsBytes

It's really simple. If your card has a small golden chip on one of its faces, it is an EMV chip card. If it does not have the golden chip, it is a magnetic stripe card.

What are the process to replace old card with new emv chip card?

Asked 2018-10-29 12:11:27 by Sonam Topden Bhutia

Answered by NewsBytes

To replace your magnetic stripe card with a new EMV chip card, you have to apply for a new card. Applications can be submitted through SBI's internet banking portal. Alternatively, you could visit your nearest SBI branch for to apply for a new card.

How long it will take for replacement if I surrender my new card

Asked 2018-10-29 11:48:27 by Ranjit Kumar Phukan

Answered by NewsBytes

The time take to get a replacement card will be as per SBI's standard card issuance norms. Normally, it takes 7-8 days to dispatch a new card. However, you should receive the replacement card within two weeks at most. You can always put in a request for early dispatch, if there's an urgent requirement.