This service of SBI is going to be closed from 30th November, what will be the impact on customers?

State Bank of India: State Bank of India (SBI) is going to stop the facility of sending and claiming mCash on OnlineSBI and YONO Lite after November 30, 2025. This means that after this date, customers will neither be able to send money nor be able to claim the amount sent through mCASH link or app without beneficiary or beneficiary registration.

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SBI appeals to customers

Through a message on its official website, SBI has urged its customers to use secure and widely used digital payment platforms like UPI, IMPS, NEFT and RTGS to transfer money to third party beneficiaries. According to the message written on SBI website, mCASH (send and claim) facility will not be available on OnlineSBI and YONO Lite after 30.11.2025. Please use other modes of transaction like UPI, IMPS, NEFT, RTGS to transfer money to third party beneficiaries.

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