All the banks are sending messages to their customers regarding replacement of Debit cards. What’s the fuzz all about?

To safeguard the interest of common man and to prevent debit card related frauds, RBI has given clear directives to all Banks to change the magnetic strip debit and credit cards to EMV chip based cards before 31st december 2018.  
EMV chip-based debit and credit cards are more secured compared to magnetic stripe cards. The chip-based cards are also called PIN (Personal Identification Number) cards. These cards use higher standards of data encryption and have improved storage technology.

The new debit and credit card will require a little change in habit for completing transaction especially through a point of sale (PoS) machine. Transaction through a PoS device can be done using the magnetic stripe cards merely by swiping it while transaction using new chip-based PIN cards will ask for a PIN also. This gives an additional level of security to the user.

If you’ve received message from your bank regarding replacement of card, don’t ignore the same as your existing cards will be useless from 1st January 2019 onward.

How to differentiate between magnetic strip card and EMV chip card?

A magnetic strip based card:         
 As you can see in the image, a magnetic strip card will not have any chip embedded on front of the card.

An EMV chip based card:                               As you can see in the image, an EMV based card will have a chip embedded on front of the card.

How to replace your debit card?

Having confirmed that your current card is a magnetic one, you need to get it replaced asap.

If you’re already using an EMV chip based card, there’s nothing to worry about and you can ignore any further messages pertaining to this.

Now how to replace you card?

There are two options:

  1. Visit your base branch. Fill up the debit card replacement form. You’ll get a new one with EMV chip. Banks are not charging customers for replacement of debit cards if you’re having your old magnetic strip card with you.
  2. Not able to visit branch. You can apply for a replacement online using net banking.

How to apply for replacement card online?

If you’re a canara bank customer, you can apply for a new card through your net banking portal. Login with your net banking credentials. Go to home page>cards>New debit card request.

Select your account number. Select card type as Visa, Mastercard or Rupay. Usage type as domestic or International. Click on submit. Voila! your wish has been granted.
Select your account number. Select card type as Visa, Mastercard or Rupay. Usage type as domestic or International. Click on submit. Voila! your wish has been granted.

If you’re not having internet banking, then Canara Bank has come up with a unique site specifically designed for replacement of debit cards to EMV based cards: Click here to replace your magnetic card.

This link will take you to the card replacement site.

1. Please enter 13 digit Account Number and type the characters displayed above  and click  Proceed.
2. OTP will be  received on the registered Mobile Number and the same has to be  entered.
3. Once OTP is validated existing Address details will be displayed and option to change the address details is also available.
4.Once Address details are submitted,Card Request will be placed and the card will be dispatched  shortly.

1. Please enter 13 digit Account Number and type the characters displayed above  and click  Proceed.
2. OTP will be  received on the registered Mobile Number and the same has to be  entered.
3. Once OTP is validated existing Address details will be displayed and option to change the address details is also available.
4.Once Address details are submitted,Card Request will be placed and the card will be dispatched  shortly.