NSDL Jiffy Zero Balance Savings Account | NSDL Payment Bank Zero Balance Account | NSDL Payment Bank Account Opening

There are numerous benefits of having Zero Balance Account. There is no need to maintain Minimum Average Balance in this type of accounts. There is no need to pay any Account Maintenance Charge. Most of the Zero Balance Account can be opened instantly from your Mobile. In this post, we are going to discuss about NSDL Jiffy Savings Account. 

NSDL Jiffy Savings Account

• Jiffy Savings Account is a product of National Securities Depository Limited (NSDL) Payments Bank which started its operations in October, 2018 to support the initiative of providing simplified banking services to every Indian.
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Benefits of NSDL Jiffy Savings Account | Advantages of NSDL Jiffy Savings Account

• Digital Account

  • NSDL Jiffy Savings Account is a 100% Digital Savings account which comes with numerous features and benefits.

• Zero Balance Account |NSDL Payment Bank Minimum Balance

  • This is a Zero Balance Account, which means there is no requirement of maintaining Average Monthly Balance.

• Free Virtual Debit Card

  • On opening this account, you will get free virtual debit card from RuPay or VISA for online purchases/shopping. You can also order a physical debit card.

• Interest Rate

  • Earn an interest up to 5% per annum paid quarterly on balance maintained in your account.

• Instant Account Activation

  • NSDL Jiffy Savings Account can be activated instantly via your mobile, with 100% digital, safe and secure account opening process.

• Banking On Mobile | NSDL Payment Bank Internet Banking

  • 24/7 Enjoy banking anytime, anywhere from your smartphone with NSDL Jiffy App., without going to the bank branch.

• All Banking Services at one place

  • All Banking services like instant fund transfers, utility bill payments, quick recharges, UPI payments and much more can be accessed through NSDL Jiffy Application.

NSDL Savings Account Full KYC Benefits | Advantages of NSDL Savings Account |NSDL Payment Bank Full KYC

• NSDL Jiffy Savings Account can be opened using OTP based e-KYC and it cannot be continued for more than one year unless it is upgraded to Full KYC within one year of account opening. Otherwise, the account will be closed.
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• If you do not Upgrade to Full KYC, below conditions shall be applicable on your account:

• • Maximum daily balance allowed is Rs 95,000.
  • There is an annual limit of Rs. 1,95,000/- on credit in this type of account.
  • There will be Debit Transaction limit of Rs 50,000 per month.
  • This account holder should not be holding any other Aadhaar OTP based Savings Account with any other bank.

Interest on NSDL Jiffy Savings Account

• Annual interest rate on NSDL Jiffy Savings Account balance up to ₹ 1 Lac is 2.5%.
• Annual interest rate on NSDL Jiffy Savings Account balance above ₹ 1 Lac is 5%.

• Interest on balance greater than ₹ 2 lacs maintained with in linked account with partner bank will be as per partner bank norms.

• Interest is accrued monthly and paid at the end of calendar year quarter.

Documents required to open NSDL Jiffy Savings Account

• NSDL Jiffy Savings Account can be opened with PAN Card & Aadhaar Card Number. 

NSDL Jiffy Zero Balance Account Charges | NSDL Payment Bank Charges | NSDL Payment Bank Zero Balance Account Charges

How to open NSDL Jiffy Savings Account | NSDL Jiffy Account Opening

To open NSDL Jiffy Savings Account, follow the procedures.

• Step 01 – Download the NSDL Jiffy Savings Account by clicking on this link.
• Step 02 – Open the Application.
• Step 03 – Allow location & phone call & contact, SMS access.
• Step 04 – Enter your Mobile number and verify it with OTP.
• Step 05 – Fill all the details – Name, Email ID, & Address Pincode.
• Step 06: – Create MPIN.
• Step 07 – Enter your PAN number. 
• Step 08: – Click on PROCEED option.
• Step 09: – Again click on PROCEED option and enter your Aadhaar Number and then OTP. 

After verification, your NSDL Jiffy Savings Account will be activated. 

NSDL Jiffy Customer Care Number

• NSDL Payment Bank Contact Number

  • 022-42022100 (Monday – Saturday 9:30 am – 6:30 pm)

• NSDL Payment Bank Email ID

  • [email protected]

• NSDL Payment Bank Communication Address

  • 7th floor, D wing, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai, 400 013

NSDL Payments Bank Complaint

Click here to complaint about NSDL Payments Bank or Jiffy Account Complaint.

We hope that you will like this post. If you have any doubts or queries, please let us know in the comment box or email us at [email protected].  

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Equitas Small Finance Bank Zero Balance Savings Account – Benefits, How to Open Account

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