Punjab National Bank Maestro debit cards holders will face a card blockage if they fail to replace it with a more secure EMV chip-based card by the end of this month.
The bank will not charge anything for the replacement and it will be provided free of cost.
“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. All Maestro cards issued by PNB will be blocked or hotlisted on July 31, 2017 for security-based reasons,” the bank said in a communication to its customers.
The bank has identified that there are about one lakh customers with old Maestro debit cards and has started sending them SMSes as well, an official of the bank said.