Jiffy Zero Balance Account
Jiffy Zero Balance 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 2.5% 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
Banking Transaction Limit
Total Debit/Credit Limit :95,000
Additional Benifits
Conveniently Manage Recurring Payments
Enjoy seamless and 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
-
Per annum interest on balance up to ₹ 1 Lac
2.5%
-
Minimum Average Monthly Balance (AMB)
No Balance Required
-
Maximum Daily Balance
Rs. 95,000
-
Fund Transfer to Partner Bank Linked Account through Sweep facility#
No
-
Initial Deposit
NA
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
Rs. 2,00,001 to Rs. 5,00,000 – Rs. 25 + 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 21 + 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.
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
-
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 after 14 days and within 18 months of account opening. You can download Account Closure Form Here.
