How the Change Will Affect Customers
India’s largest public sector bank has confirmed that its mCASH money transfer feature will be discontinued. The service will officially stop functioning from December 1, 2025, after which customers will no longer be able to send or receive funds through the mCASH option available in OnlineSBI and YONO Light.
What Was the mCASH Feature?
The mCASH facility allowed SBI internet-banking users to transfer funds instantly without registering a beneficiary. Customers could send money using just a mobile number or email ID.
The receiver—irrespective of their bank—could claim the funds using a secure link and an 8-digit passcode. This made the service quick, simple and ideal for situations where urgent transfers were needed without full beneficiary addition.
Why SBI Is Removing the Service
According to the bank’s internal updates, mCASH will be withdrawn because SBI is pushing customers toward more robust and secure digital payment methods. UPI, IMPS, NEFT and RTGS are now considered standard, reliable and safer for both small and large transactions.
By discontinuing mCASH, the bank aims to streamline its digital banking ecosystem, reduce overlap of services and strengthen security across platforms.
Impact on Account Holders
For customers still dependent on mCASH’s no-beneficiary-needed transfer model, the change may feel inconvenient at first.
However, those already using modern transfer tools like UPI or IMPS are not expected to face any major disruption.
Key impacts include:
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Instant transfers will now shift completely to UPI or IMPS.
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Third-party transfers will require beneficiary registration in most cases.
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Older users who preferred simple claim-based transfers may need time to adjust.
What Customers Should Do Before the Deadline
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Start using UPI, IMPS, NEFT or RTGS for different types of money transfers.
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Register frequent beneficiaries in your net banking profile.
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Ensure your UPI app (such as BHIM SBI Pay or any other UPI app) is functional.
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Check your notifications inside OnlineSBI for further instructions from the bank.
Withdrawing mCASH marks a shift toward a more unified and strengthened digital banking structure. While adjustments may be needed for a small group of users, the recommended alternatives are widely used across India and offer faster processing, advanced security and better compatibility. Preparing early will ensure a smooth transition once the service ends on December 1, 2025.
