Archive · 17 Nov 2025
SBI to End mCASH Service on OnlineSBI, YONO Lite by Nov 2025
State Bank of India (SBI) is stopping its mCASH service on OnlineSBI and YONO Lite from November 30, 2025.
mCASH let you send money to anyone without knowing their bank details.
Now, SBI wants you to use UPI, IMPS, NEFT, or RTGS instead.
They're doing this because many people use UPI for quick money transfers, and mCASH is old-fashioned.
SBI to discontinue mCASH facility in OnlineSBI and YONO Lite after Nov 30, 2025
Users advised to switch to UPI, IMPS, NEFT, or RTGS for third-party money transfers
mCASH allowed instant money transfer without bank account details
Receiver didn't need an SBI account, any bank account was fine
SBI shutting down mCASH due to UPI's popularity and the facility being outdated
- Who
- State Bank of India (SBI)
- What
- Discontinuing mCASH service
- When
- November 30, 2025
- Where
- OnlineSBI and YONO Lite platforms
- Why
- To encourage use of UPI, IMPS, NEFT, or RTGS for third-party money transfers
- Service Name
- mCASH
- Discontinuation Date
- November 30, 2025
- Alternative Services
- UPI, IMPS, NEFT, RTGS
- Charge per Transaction
- Rs 2.50