Jiffy Zero Balance Account
Experience seamless digital banking with Jiffy Zero Balance Account, a 100% digital savings account loaded with features and benefits. Open your account in minutes through the NSDL Jiffy App using your Aadhaar and PAN. Once activated, enjoy instant money transfers, utility bill payments, recharges, UPI transactions, and much more—all without needing to maintain a minimum balance.
Key Features
Zero Balance Account
No average monthly balance requirements
Free Virtual Debit Card
Get a FREE RuPay virtual debit card for secure online shopping.
Option to request a physical debit card directly from the NSDL Jiffy App.
Earn Attractive Interest Rates
Balances below ₹1 lakh: 2.5% p.a.
Balances ₹1 lakh and above:5% p.a.
Interest credited quarterly.
Instant Account Activation
Open and activate your account instantly with a 100% digital, secure process.
Anytime, Anywhere Banking
Manage your finances 24/7 through the NSDL Jiffy App—no need to visit a branch.
Flexible Transaction Limits
Before completing VKYC: ₹95,000 annual total debit/credit limit.
Post VKYC: ₹2,00,000 monthly transaction limit.
Complete your V-KYC within 12 months to enjoy uninterrupted services
Additional Benifits
Conveniently Manage Recurring Payments
Enjoy Samlessand efficient way to execute recurring payments like utility bills, EMI, and insurance premiums.
NACH FAQsrate & charges
- *Savings Account Interest Rate
- Basic Service & Charges
- Online Remittance
- Offline Remittance (Branch/Service Point)
- Debit Card
- General Charges
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Per annum interest on balance up to ₹ 1 Lac
2.5%
-
Per annum interest on balance above ₹ 1 Lac
5%
-
Minimum Average Monthly Balance (AMB)
No requirement to maintain Average monthly balance.
-
Maximum Daily Balance
Before Video KYC-Rs. 95,000
After Video KYC-Rs. 2,00,000
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Fund Transfer to Partner Bank Linked Account through Sweep facility#
No
-
Initial Deposit
NA
Inward
IMPS/NEFT
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
Rs. 2,00,001 to Rs. 5,00,000 – Rs. 25 + GST
-
NEFT
Free
-
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
-
Cash Deposit (Not Enabled Currently)
NA
-
Cash Withdrawal#
NA
-
Fund Transfer (NEFT/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
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Annual Fee
Free
-
Daily Ecom Limit (RuPay / Visa)
Rs. 25,000
Physical Debit Card -
-
Type
RuPay Platinum / Visa Classic
-
Issuance Fee
Rs. 300 + GST
-
Annual Fee (2nd Year onwards)
Rs. 300 + GST
-
Replacement Fee
Rs. 300 + GST
-
Daily Withdrawal Limit
Rs. 20,000
-
Daily POS Limit
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 21 + GST
Non-financial = Rs 8 + GST
~Choice of Debit Card to be made by the customer. However Physical Debit Card, if opted, will be same as the virtual card.
Offer for Debit cards
-
Please visit the link below to know more about your card offers and details .
Rupay card offer
-
VISA Card offers
Account Maintenance
-
Monthly Service Fee
Rs. 5 + GST per month
-
Email Statement (Monthly)
Free
-
Account Closure Charges*
Rs. 500 + GST
-
*Applicable only if the account is closed after 14 days and within 18 months of account opening. You can download Account Closure Form Here.
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
