Magstripe debit cards had been extensively used in the banking sector for transactions because of their cost effectiveness and simplicity in use. But with the increasing reporting of fraudulent activities, new impetus has been given for widespread adoption of EVM chip cards for their better security features. A letter of can be communicated to the bank manager for changing the Magstripe debit card with EMV chip card. This is a sample letter to the Bank Manager to replace your Magstripe debit card with EMV chip card. The letter can be modified according to need and preference.
To
The Bank Manager
Bank Name
Bank Address
Subject: Change of nominee in FD account
Write a letter to the bank manager about opening NPS account
Dear Sir/Madam,
I, (Your Name), have been maintaining a savings account bearing number (Account number) in your branch for the last eight years. I have a Magstripe debit card with number (Number) associated with the savings account.
I had received a message from your branch on date1 advising to replace my current Magstripe debit card with an EVM chip debit card for better security purpose before the stipulated deadline which ends on Date2. In response to the message sent by your bank, I hereby request you to issue me a new EVM chip card replacing the earlier one.
Necessary documents have been attached for your perusal. I have also surrendered the old debit card for your convenience. I will be happy to complete any formalities from your side.
This is for
your kind information and necessary action.
Yours
truly,
Your name
Your address
Date:
Place:
Enclosure:
1. ID proof copy
2. Magstripe Debit card
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