SBI's mCash service to be discontinued on November 30
What's the story
The State Bank of India (SBI) has announced that it will discontinue the mCASH service on OnlineSBI and YONO Lite platforms from November 30, 2025. The move means customers won't be able to send or claim money using the mCASH feature anymore. SBI is advising its users to switch to other secure digital payment methods such as UPI, IMPS, NEFT, and RTGS for their future transactions.
Official statement
SBI's message on discontinuation
In an official message on its website, SBI said, "mCASH (Sending & Claiming) facility will not be available in OnlineSBI & YONO Lite after 30.11.2025." The bank further advised customers to use alternate transaction modes such as UPI, IMPS, NEFT, RTGS for transferring money to third-party beneficiaries. This highlights the bank's commitment toward ensuring a seamless transition for its customers amid the service discontinuation.
User guide
Using SBI's mCash service
To use the SBI mCASH service, customers had to download the app from Google Play Store and register an MPIN for login. After logging in with this MPIN, they could claim funds sent by other SBI customers using a passcode or transfer claimed funds to their account at any bank. Users also had the option of setting an account number and IFSC code as favorites for future claims.
Service details
How SBI's mCash service worked
The SBI mCASH service allowed recipients to claim money sent by SBI customers through OnlineSBI or State Bank Anywhere. Any SBI customer with Internet Banking could transfer funds to another person without registering them as a beneficiary, just by using their mobile number or email ID. The recipient could then claim the money either through the State Bank mCASH mobile app or via an mCASH link on OnlineSBI.
Transaction process
Sending money using SBI's UPI
SBI customers can use the "BHIM SBI Pay" app to send and receive money, pay bills online, recharge, shop, etc. To send money via this app, users have to log in and select the 'Pay' option. They can then choose payment options like VPA or Account and IFSC or QR Code and enter other required details before selecting a debit account from linked accounts and clicking on the 'Tick' mark.