Online SBI: mCash App users can claim money online during lockdown; check onlinesbi.com
Online SBI: The State Bank of India’s (SBI) mCASH App is one of the simplest tools to claim funds sent by SBI customers through its Online service or SBI Yono.
Online SBI: The State Bank of India’s (SBI) mCASH App is one of the simplest tools to claim funds sent by SBI customers through its Online service or SBI Yono. This online banking facility allows SBI customers having Internet Banking access to transfer money online to a third party without beneficiary registration, either through mobile number or email-ID of the beneficiary.
The SBI mCash facility has been made available at the official website of SBI — onlineSBI.com — and YONO SBI App. This facility can be availed by those customers also who don't have savings or any other account in SBI.
See Zee Busines Live TV streaming below:
As per onlinesbi.com, 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 with 8 digit passcode based on the medium chosen by the sender. This 8 digit pass code will be provided in the communication which is required to be used on the State Bank mCASH link available on pre-login of Online SBI or State Bank mCASH mobile App to claim the funds.
Beneficiary is required to enter the Account Number, IFS Code, and Pass code, Mobile number or Email address. After due validations, 'Real Time' funds will be transferred to the recipient account.
The recipient will receive a link in the SMS or email based on the medium chosen by the sender.
State Bank mCASH app has two options as 'Claim' and 'Favourites'. In the 'Favourites' section, customers can store account number and IFSC code (maximum 5 accounts) for future claims.
Though there is a small word of caution for all those who intend to use this application. The bank does not accept responsibility for funds transferred inadvertently to an unknown or unintended recipient.
"As the recovery of an amount transferred inadvertently to an unknown or unintended recipient is never within our control, bank does not accept any responsibility for recovering such funds," the bank website says.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
02:10 PM IST