jiffy Advantage savings account

Jiffy Advantage Savings Account is a 100% Digital - Zero Balance savings account that comes with a host of features and benefits. You can open this account on NSDL Jiffy app within a few minutes using just your Aadhaar and PAN number. With instant activation of account, you can enjoy instant fund transfers, utility bill payments, quick recharges, UPI payments and much more.

Key Features

Zero Balance Account

No requirement to maintain Average Monthly Balance

Free Virtual Debit Card

Choose your free virtual debit card from RuPay or VISA for online purchases/shopping. You can request a physical debit card from your NSDL Jiffy App

Earn Up To 5% Interest*

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

Instant Account Activation

Activate your account instantly with our 100% digital, safe and secure account opening process

Banking on Mobile - 24/7

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

Note: After opening account on NSDL Jiffy, you can upgrade to Full KYC in the app, to enjoy the above features and the Rates & Charges as below.

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
  • This account holder should not be holding any other Aadhaar OTP based Savings Account with any other bank
  • Account opened using OTP based e-KYC is not be allowed for more than one year. If account is not upgraded to Full KYC within one year then account will be closed
  • There will be Debit Transaction limit of Rs 30,000 per month

rate & charges

  • Per annum interest on balance up to ₹ 1 Lac

    2.5%

  • Per annum interest on balance above ₹ 1 Lac

    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.

  • Minimum Average Monthly Balance (AMB)

    No Balance Required

  • One Time Account Opening Fee

    Rs. 499 (Plus 18% GST)

  • Maximum Daily Balance

    Rs. 10,00,000

  • Fund Transfer to Partner Bank Linked Account through Sweep facility#

    Yes

  • Interest on Partner Bank Linked Account

    As per Partner Bank norms.

  • Initial Deposit

    NA

#Customers will be given a choice for opting a partner bank which will be considered for moving out excess funds. Interest rates on the funds available with partner bank will be as per the prevailing rates offered by the bank. T&C Apply.

Inward

IMPS/NEFT/RTGS

Free

Outward

  • Intra Bank (Within NSDL Payments Bank Accounts)

    Free

  • IMPS

    Up to Rs.10,000 - Rs.2.50 + GST

    Rs.10,001 to Rs.1,00,000 - Rs.5.00 + GST

    Rs.1,00,001 to Rs.2,00,000 - Rs.15.00 + GST

  • NEFT

    Free

  • RTGS

    Rs. 2,00,000 to Rs. 5,00,000 - Rs. 30.00 + GST

    >Rs. 5,00,000 - Rs. 55.00 + GST

NEFT - National Electronic Funds Transfer, IMPS - Immediate Payment Services, RTGS - Real Time Gross Settlement

  • Cash Deposit (Not Enabled Currently)

    NA

  • Cash Withdrawal#

    NA

  • Fund Transfer (NEFT/RTGS/IMPS)

    NA

#Cash withdrawal & Fund Transfer from branch will not be allowed for Savings Account customers as we do not have wet signatures for verification.

Virtual Debit Card -

  • Type~

    RuPay Platinum / Visa Classic

  • Issuance Fee

    Free

  • Annual Fee

    Free

  • Daily Ecom Limit (RuPay / Visa)

    Rs. 25,000 / Rs. 25,000

Physical Debit Card -

  • Type

    RuPay Platinum / Visa Classic

  • Issuance Fee

    Rs. 300 + GST / Rs. 300 + GST

  • Annual Fee (2nd Year onwards)

    Rs. 300 + GST / Rs. 300 + GST

  • Replacement Fee

    Rs. 300 + GST / Rs. 300 + GST

  • Daily Withdrawal Limit

    Rs. 20,000 / Rs. 20,000

  • Daily POS Limit

    Rs. 50,000 / Rs. 50,000

  • ATM Transaction (Per Month)

    Metro - up to 3 transactions

    Non-Metro - up to 5 transactions

  • ATM Charges beyond free limit

    Financial= Rs 20 + GST

    Non-financial = Rs 8 + GST

  • ATM decline for insufficient funds

    Rs. 25 + GST

~Choice of Debit Card to be made by the customer. However Physical Debit Card, if opted, will be same as the virtual card.

Account Statements

  • Email Statement (Monthly)

    Free

  • Physical Statement (Adhoc)

    Rs. 100 + GST per request

Standing Instructions / NACH -

  • Setting up of Standing Instructions (Digitally)

    Free

  • Setting up of Standing Instructions (Branch)

    NA

  • Setting up of NACH

    Free

  • NACH Return/Rejects

    Rs. 500 + GST

Interest / Balance / TDS Certificate -

  • Digital

    Free

  • Physical through Branch / Service Point

    Rs. 50 + GST

  • TDS certificate

    Free

  • Account Closure Charges*

    Rs. 500 + GST

  • Physical Welcome Letter (Only on request)

    Rs. 100 + GST

*Applicable only if the account is closed > 14 days or < 12 months of account opening.

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