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SBI Announced Discontinuation of mCASH Facility on OnlineSBI and YONO Lite from December 1, 2025 — Pushing for UPI and IMPS Adoption.

Banking & Finance | Dated: 19 Nov 2025

State Bank of India (SBI) has announced the discontinuation of its mCASH facility (Send and Claim) on the OnlineSBI and YONO Lite platforms, effective from December 1, 2025. The bank cited the widespread adoption of more secure and faster payment alternatives like UPI (Unified Payments Interface), IMPS, and NEFT as the reason for this move, encouraging customers to shift to these modern modes.

🎯 Key Highlights:

  • SBI will discontinue the mCASH facility from December 1, 2025.
  • The discontinuation applies to OnlineSBI and YONO Lite platforms.
  • Customers are encouraged to use UPI, IMPS, and NEFT instead.

💡 Other Important Facts:

  • mCASH allowed fund transfers using just a mobile number or email ID.
  • The move streamlines the bank's digital offerings.
  • SBI is India's largest public sector bank by assets.

📚 Test Your Knowledge:

Which bank announced the discontinuation of its mCASH facility from December 2025?

Correct Answer: State Bank of India (SBI)

🚀 Quick Recap:

About SBI

  • Chairman: Challa Sreenivasulu Setty (CS Setty), HQ: Mumbai.
  • Tagline: Pure Banking, Nothing Else.