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SBI to discontinue mCASH service after November 30, 2025: Here’s how customers can send money to third-party beneficiaries after that
The Economic Times· 2025-11-15 04:49
Core Points - State Bank of India will discontinue its mCASH service on OnlineSBI and YONO Lite effective November 30, 2025 [1] - Customers will no longer be able to send or claim money using mCASH [1] - SBI recommends users to transition to UPI, IMPS, NEFT, and RTGS for future money transfers, highlighting these as secure and widely adopted digital payment methods [1]
SBI digital banking services outage on October 25, 2025: State Bank of India's UPI, IMPS, NEFT services to be unavailable for this reason
The Economic Times· 2025-10-24 10:52
Core Viewpoint - The State Bank of India (SBI) has announced a scheduled maintenance activity affecting its digital banking services, advising customers to utilize ATM and UPI Lite services during this period [1][13]. Group 1: Scheduled Maintenance - SBI's maintenance activity is set for October 25, 2025, from 1:10 AM to 2:10 AM (IST), during which services like UPI, IMPS, YONO, Internet Banking, NEFT, and RTGS will be unavailable [1][13]. - The maintenance was initially scheduled for October 24, 2025, but was postponed to the following day [1][13]. Group 2: UPI Lite Overview - UPI Lite is a payment solution designed for low-value transactions under ₹1,000, allowing for faster and pinless payments [6][12]. - The UPI Lite balance is treated as cash, and users are responsible for the balance loaded in their UPI Lite account [6][12]. Group 3: Activation and Usage of UPI Lite - Customers can activate UPI Lite through the BHIM SBI Pay app by loading funds into the UPI Lite section [2][8]. - UPI Lite transactions do not appear on bank statements as they are deducted directly from the wallet, with only the wallet load amount visible [4][5]. - No UPI PIN is required for UPI Lite transactions, facilitating quick low-value payments [5][12]. Group 4: Limits and Withdrawals - The per transaction limit for UPI Lite is ₹1,000, with a cumulative daily usage limit of ₹10,000 and a maximum balance of ₹5,000 in the UPI Lite account [10][12]. - Users can withdraw any amount from their available UPI Lite balance using the 'Transfer Out' functionality without disabling UPI Lite [11][12].
Banks to remain closed on Dhanteras, Bihu, and other festivals from October 13–19? Check full schedule
MINT· 2025-10-12 02:29
Bank holidays next week: Banks in India will be closed for multiple days in the week between October 13 and October 19, owing to the festive season and festivities across India. October 2025 is seeing several bank holidays due to festivals like Navratri, Durga Puja, Karva Chauth and Diwali.Apart from regional holidays, there will be bank holidays next week as per the RBI mandate.Notably, on regional and RBI mandated bank holidays, banks across India, including the State Bank of India (SBI), HDFC Bank and IC ...
SBI Down: Attention customers! UPI, YONO more services to be unavailable on THIS date; what to do?
MINT· 2025-10-10 04:32
Core Points - The State Bank of India (SBI) announced that several of its services will be temporarily unavailable due to scheduled maintenance after midnight on October 11 [1][2][3] - The affected services include SBI UPI, IMPS, YONO, Internet Banking, NEFT, and RTGS, which will be down from 1:10 am to 2:10 am IST [3][4] - Customers are advised to use ATM and UPI Lite services during the downtime, as UPI Lite will remain operational [4][5] Service Impact - SBI UPI services will be unavailable for one hour, specifically from 1:10 am to 2:10 am IST on October 11, 2025 [3] - Other services impacted include IMPS, YONO, Internet Banking, NEFT, and RTGS, which will also be down during the same period [2][3] Customer Guidance - Customers planning online transactions during the downtime are encouraged to use ATM services or carry cash [4] - SBI has acknowledged previous issues with UPI services and has urged customers to utilize UPI Lite for uninterrupted service [5][6]
Bank Holiday Today: Are banks open or closed on Saturday, October 4? Check here
MINT· 2025-10-04 01:15
Bank Holiday Today: All public and private banks across India, except Gangtok, will be open on Saturday, October 1, as it is the first Saturday of the month and there is no bank holiday on this day.In Gangtok, banks will be closed for Durga Puja (Dasain).What are the usual bank holidays in India?According to the Reserve Bank of India bank holiday calendar (RBI), banks are closed on the second and fourth Saturdays and all Sundays each month. Usually, there are bank holidays on weekends, except on the first, ...
Bank holiday today: Are banks closed today on October 2 for Gandhi Jayanti, Dussehra and Vijaya Dashami?
MINT· 2025-10-02 01:18
Core Points - Banks across India are closed on October 2 due to multiple festivals including Gandhi Jayanti and Dussehra [1][2] - There are a total of 21 bank holidays in India throughout the month of October, influenced by various festivals and weekly offs [2] Bank Holidays in October - October 1: Banks closed in several cities for Navratri End and related festivals [4] - October 2: Nationwide bank holiday for Gandhi Jayanti and other festivals [4] - October 3: Banks closed in Gangtok for Durga Puja [4] - October 4: Banks closed in Gangtok for Durga Puja [4] - October 5: Nationwide bank holiday for Sunday [4] - October 6: Banks closed in Agartala and Kolkata for Lakshmi Puja [4] - October 7: Banks closed in multiple cities for Maharshi Valmiki Jayanti [4] - October 10: Banks closed in Shimla for Karva Chauth [4] - October 11: Nationwide bank holiday for second Saturday [4] - October 12: Nationwide bank holiday for Sunday [4] - October 18: Banks closed in Guwahati for Kati Bihu [4] - October 19: Nationwide bank holiday for Sunday [4] - October 20: Banks closed in multiple cities for Diwali and related festivals [4] - October 21: Banks closed in several cities for Diwali Amavasya [4] - October 22: Banks closed in various cities for Diwali and related festivals [4] - October 23: Banks closed in multiple cities for Bhai Bij and related festivals [4] - October 25: Nationwide bank holiday for fourth Saturday [4] - October 26: Nationwide bank holiday for Sunday [4] - October 27: Banks closed in Kolkata, Patna, and Ranchi for Chath Puja [6] - October 28: Banks closed in Patna and Ranchi for Chath Puja [6] - October 31: Banks closed in Ahmedabad for Sardar Vallabhbhai Patel's Birthday [6] Emergency Services During Bank Holidays - ATM services remain operational 24/7 during bank holidays for cash withdrawals and other needs [5] - Online banking services such as NEFT, IMPS, and RTGS are available for money transfers on bank holidays [5] - UPI services can be used for sending and receiving money even on bank holidays [5]
Bank holiday today: Are banks open or closed on Saturday, September 20? Check here
MINT· 2025-09-20 01:20
Group 1 - All public and private banks in India will be open on Saturday, September 20, as it is the third Saturday of the month and there is no bank holiday on this day [1] - According to the Reserve Bank of India (RBI) calendar, banks are typically closed on the second and fourth Saturdays and all Sundays each month, with exceptions on the first, third, and fifth Saturdays [2] - The next bank holiday is on Sunday, September 21, followed by regional observances on September 22 in Rajasthan for Navratri celebrations [4][5] Group 2 - Remaining bank holidays in September include September 22 for Navratra Sthapna in Jaipur, September 23 for the birthday of Maharaja Hari Singh Ji in Jammu and Srinagar, and September 29 for Maha Saptami in Agartala, Kolkata, and Guwahati [5][6] - Additional bank holidays will occur on September 27 (fourth Saturday) and September 21 and 28 (Sundays) [7] Group 3 - In case of emergencies on bank holidays, ATM services are available 24/7, and online banking services like NEFT, IMPS, and RTGS can be used for transactions [8]