SBI: Digital payments have become a daily necessity, and people rely on such services for instant money transactions. This news may be a bit disturbing for SBI customers, as the bank has officially announced that its mCash service will be completely discontinued from December 1st. This will disrupt the convenience of millions of customers.
mCash will be completely discontinued after November 30th, learn about the major changes
| Feature/Info | Details |
|---|---|
| Service Name | SBI M-Cash |
| Shutdown Date | December 1, 2025 |
| Reason for Shutdown | To improve security and digital banking experience |
| Effect on Users | All SBI customers using M-Cash will be affected |
| Beneficiary Requirement | Mandatory after M-Cash shutdown |
| Alternatives Available | UPI, IMPS, NEFT, RTGS |
| Effect on YONO Users | M-Cash feature on YONO Light will also stop |
| Claiming Funds After Shutdown | Not possible via M-Cash after November 30 |
| Old M-Cash Links | Will stop functioning completely |
| Extra Charges on Alternatives | No, transfers via UPI, IMPS, NEFT, RTGS remain free |
SBI has clarified that after November 30th, the facility to send and claim mCash online on SBI and YONO Lite will no longer be available. This means that customers will not be able to send money without adding a beneficiary. It will now be mandatory to add the recipient to the beneficiary list before transferring funds, which may add additional time to the process.
What was mCash and why was it so useful for customers?
Did you know?
— State Bank of India (@TheOfficialSBI) November 13, 2025
SBI’s corporate website is now available in 22 Indian languages. All content is AI-powered, enabled by Bhashini, for a seamless digital experience.
To know more, visit: https://t.co/lEnKEaer1L#SBI #TheBankerToEveryIndian #Translation #Transliteration pic.twitter.com/fZKAh1wyDG
mCash was a service that allowed customers to send money instantly using only a mobile number or email ID, without the hassle of adding a beneficiary. This was especially convenient for those who needed to make payments immediately but didn’t want to wait to add recipients. This feature was extremely popular among customers.
Why the service was discontinued and what options will now be available?
SBI states that the primary reason behind this change is to make digital payments more secure. The bank is now advising customers to use options like UPI, IMPS, NEFT, and RTGS. All these channels are considered secure, fast, and stable, making them a better fit for the future digital banking experience.
Impact on Customers and What Next Steps Should Be Taken
The discontinuation of mCash will be a significant change for those who relied on this feature for instant payments. Sending money to anyone will now require adding a beneficiary, which may cause some initial inconvenience. However, the bank claims this decision will strengthen customer security and further enhance the transaction experience.
FAQs:
Q1. When will SBI M-Cash service stop?
A1. SBI will stop the M-Cash service from December 1.
Q2. Why is SBI shutting down M-Cash?
A2. SBI aims to improve security and enhance digital banking experience.
Q3. Can customers transfer money without beneficiary after shutdown?
A3. No, beneficiary registration will become mandatory for money transfers.
Q4. What are the alternatives to M-Cash?
A4. Customers can use UPI, IMPS, NEFT, or RTGS for transfers.
Q5. Will old M-Cash links work after November 30?
A5. No, all old M-Cash links will stop functioning completely.
Disclaimer: This article is for general information purposes only. The information provided here is based on official announcements and available sources. Always verify information with the bank’s official channels or customer support before making any financial decisions or banking transactions.
