state Bank of India
State Bank of India (SBI) has announced that it will stop the facility to send and claim mCash on OnlineSBI and YONO Lite after November 30, 2025. This means that customers will not be able to use mCash to send money or claim funds through the mCash link or app without beneficiary registration.
In a message posted on its official website, SBI has urged customers to use other safe and secure digital payment options like UPI, IMPS, NEFT and RTGS to transfer funds to third party beneficiaries.
According to a message on the SBI website, mCash (send and claim) facility will not be available in OnlineSBI and YONO Lite after November 30. Please use alternative transaction modes like UPI, IMPS, NEFT, RTGS etc. to transfer funds to third party beneficiaries.
How is mCash used?
After downloading the SBI mCash application from Google Play Store, register the MPIN to log in. Using the registered MPIN, customers can log in to SBI mCash app.
What are the features in mCash?
Claim funds sent by a State Bank customer using the passcode Transfer the claimed funds to your account in any bank Customers can set the account number and IFSC code as favorites for future claims
How does mCash work?
State Bank of India mCASH allows recipients to claim funds sent by SBI customers through OnlineSBI or State Bank Anywhere. With this service, any SBI customer who has internet banking can transfer funds using only the recipient’s mobile number or email ID, without registering anyone as a beneficiary.
On behalf of the recipient, any person maintaining an account with any bank can claim the money through the State Bank mCASH mobile app or through the mCASH link provided on OnlineSBI. The beneficiary will receive an SMS or email containing an 8-digit passcode along with a secure link, depending on the method chosen by the sender.
How to send money using UPI?
mCash customers can use SBI UPI to send and receive money. BHIM SBI Pay (SBI’s UPI app) is a payment solution that allows account holders of all banks participating in UPI to send, receive money and make online bill payments, recharges, purchases, etc. using their smartphones.
how to transfer money
First of all log in to BHIM SBI Pay app. After that select ‘Pay’ option. Later select any payment option like VPA or Account and IFSC or QR Code. Enter the important things. Select the debit account from the linked accounts and click on the ‘tick’ sign. After that enter the UPI PIN to authorize the transaction. Click on the ‘tick’ sign to complete the payment.