To sort this, the solution that worked for me was:
1) Go to Drivers & Software Section of W520 in Lenovo Website
http://pcsupport.lenovo.com/in/en/products/laptops-and-netbooks/thinkpad-w-series-laptops/thinkpad-w520/downloads
2) Under - > Camera and Card Reader
A) Download & install
Ricoh Media Card Reader Driver for Windows 10
B) Restart the computer
C) Download & install
SmartCard reader driver for Windows 10
SmartCard reader driver for Windows 10
3) The Card should work now & Ricoh SD Disk Device should also show under Disk Drives in Device Manager.