More From Livemint »"If you are having Maestro debit card, get it replaced free of cost with a new EMV chip based debit card from any PNB branch. As per RBI advisory, existing magnetic stripe only cards need to be replaced with EMV chip and pin based cards by 31 December, 2018, irrespective of the validity period of the cards. And from 31 January, 2016 onwards, banks are directed to issue only EMV based debit and credit cards. Card replacement is important, keeping in mind digital drive of the government that has led to a drastic rise in debit card usage. "Now, people are taking interest in using debit cards.

Source: Mint July 02, 2017 10:52 UTC