The State Bank of India is especially warning its ATM card holders of skimming frauds, which according to the bank is suddenly on the rise. In order to fight ATM card skimming, SBI had last year lowered the ATM cash withdrawal limit to Rs 20,000 a day. Also, the RBI recently made it mandatory for all ATM card users to replace their old magstripe cards with new chip-based
The is especially warning its ATM card holders of skimming frauds, which according to the bank is suddenly on the rise.
