EVM-chip based cards: Here's how to use ATM machines now or you may lose your card
To identify whether your card is EMV chip-based or not, just check if there is a golden chip embedded on the card on the front side. If yes, you have an EMV card.
The Reserve Bank of India has directed all the banks to ask customers to exchange their old debit, credit cards with the new EVM chip based cards. The EMV chip-based debit and credit cards are in use since January 2016. The RBI had made it mandatory for banks to issue only EMV chip-based cards to new customers opening new accounts or applying for new debit or credit cards after 31 January 2016.
To identify whether your card is EMV chip-based or not, just check if there is a golden chip embedded on the card on the front side. If yes, you have an EMV card.
You can Apply to replace your old debit card with an EMV Chip Debit Card by visiting your home Branch. You can also request for issuance of the replacement EMV Chip Debit Card through internet banking.
But with the EVM-chip based cards being mandatory now, the ATM machines in the country are also working differently. You might have noticed this or in case you have not then let us tell you how to use the new ATM or else your card will be lost.
Earlier, the ATM machine would either swallow the card and would keep it until you have done your transaction. Or you will insert the card and then take it out, following the instructions on the screen.
Now with the new mechanism, once the user has inserted his or her card, the ATM machines latches onto it until the transaction is complete.
While the transaction is underway and you try to remove your card, they you need to apply a little more force, however, that might damage your card.
When the transaction is on, the ATM machine will show a red LED light blinking in the card slot. This may depend on ATM to ATM. Some machines may have it, some may not