SBI: If you have an account with the State Bank of India (SBI) and have deposited money, there’s some important news for you. SBI is changing its services and has made it clear that after November 30, 2025, the ability to send and claim money using mCASH on OnlineSBI and YONO Lite will be stopped. This means that SBI customers won’t be able to send money using mCASH without having their account number saved. They also won’t be able to claim money sent through the mCASH link or app.
In its announcement, the bank mentioned that users can now opt for third-party money transfer options like UPI, IMPS, NEFT, RTGS, etc. This means that customers who used to send money through mCASH using just their mobile number or email, without needing to create a beneficiary, will lose this option starting next month.
Customers will have these options
SBI has shared this information on its website. The bank has encouraged customers to switch to other secure and commonly used digital methods like UPI, IMPS, NEFT, and RTGS for sending money. These methods are also quite easy and secure. According to the details on SBI’s website, the mCASH (send and claim) feature will no longer be available in OnlineSBI and YONO Lite after 30.11.2025. Please use alternative transaction methods like UPI, IMPS, NEFT, RTGS, etc., for sending money to third-party beneficiaries.
Know what is mCASH and how does it work?
1. mCASH was a facility through which SBI customers could send money using just a mobile number or email ID without registering any beneficiary.
2. The receiver receives a secure link and an 8-digit passcode via SMS or email.
3. He could claim the money in any of his bank accounts by opening the link and entering the passcode.
4. Login to SBI mCash app was done by setting MPIN.
5. Account number and IFSC could also be saved in ‘Favorites’.
Why is SBI shutting down mCASH?
In fact, mCASH has become an outdated method, and UPI has replaced it for such small and quick money transfers. SBI has decided to discontinue this feature due to its outdated nature compared to UPI/IMPS.
