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The State Bank of India (SBI) has made a big announcement for its customers.  As per the bank the mCASH service on OnlineSBI and YONO Lite will be discontinued after November 30 2025. SBI users will not be able to transfer money using mCASH without registering the beneficiary nor will users receive money using the mCASH link or app. mCASH (Sending & Claiming) facility will not be available in OnlineSBI & YONO Lite after 30.11.2025. Please use alternate mode of transactions such as UPI IMPS NEFT RTGS etc for transfer of money to third party beneficiaries the State Bank of India on its official website said. According to the official website of the bank State Bank mCASH is a simple and quick way to claim funds sent by State Bank of India customers through OnlineSBI or State Bank Anywhere. Any SBI customer having Internet Banking facility can now transfer funds to a third party without beneficiary registration either through mobile number or email-ID of the beneficiary. At the other end the beneficiary with account of any Bank can claim the fund either through State Bank mCASH Mobile App or mCASH link available on OnlineSBI. The recipient will receive a link in the SMS or email and 8 digit passcode based on the medium chosen by the sender. Beneficiary is required to enter the Account Number IFS Code and Passcode Mobile number or Email address. After due validations “Real Time” funds would be transferred to desired account. State Bank mCASH app has two options as; “Claim: and “Favourites”. In “Favourites” section customers can store account number and IFSC code (maximum 5 accounts) for future claims reads the statement on the website. Furthermore the bank has urged customers to use other safe and proven digital payment methods to transfer money to third-party beneficiaries. The other digital payment options include UPI IMPS NEFT and RTGS. To log in after downloading the SBI mCash application from the Google Play Store register for an MPIN. Access SBI mCash using the registered MPIN. What mCash can do for you Claim fund sent by State Bank customer using Passcode Transfer claimed funds to your account maintained at any bank Customer can set account number and IFSC code as favorites for future claims.