SBI Discontinues mCASH: What You Need to Know
The State Bank of India (SBI) will discontinue its mCASH sending and claiming facility on OnlineSBI and YONO Lite platforms after November 30, 2025. This means customers can no longer send money without beneficiary registration or claim funds via mCASH links after this date.
Key Takeaways
- SBI’s mCASH service ends on November 30, 2025
- Use UPI, IMPS, NEFT, or RTGS for money transfers instead
- BHIM SBI Pay app recommended as primary alternative
In an official website notification, SBI directed customers to switch to other secure digital payment options for third-party transfers. The bank specifically mentioned UPI, IMPS, NEFT, and RTGS as recommended alternatives.
“mCASH (Sending & Claiming) facility will not be available in OnlineSBI & YONO Lite after 30.11.2025. Please use alternate modes of transactions such as UPI, IMPS, NEFT, RTGS, etc., for the transfer of money to third-party beneficiaries.”
BHIM SBI Pay: Your New Payment Solution
For customers seeking mCASH alternatives, SBI recommends using their UPI-based “BHIM SBI Pay” application. This payment solution enables account holders from all UPI-participating banks to send/receive money, pay bills, recharge mobiles, and shop online using smartphones.
How to Transfer Money via BHIM SBI Pay
- Open the BHIM SBI Pay app and sign into your account
- Select the ‘Pay’ option from the home screen
- Choose your preferred payment method: VPA, Account Number with IFSC, or QR code scan
- Enter the required transfer details
- Select your debit account from linked accounts and confirm
- Enter your UPI PIN to authorize the transaction
- Finalize and send the payment
With mCASH being phased out, SBI customers should familiarize themselves with these alternative digital payment methods to ensure seamless money transfers beyond November 2025.
