Definitions:

1. ‘Referrer’: The person who sends the invite
2. ‘Referred person’: The person who receives the invite sent by the referrer

What is Refer & Earn offer:

On every successful referral, NSDL Payments Bank will give referral rewards in the NSDL Payments Bank account of the referrer. The referral rewards will be given on the achievement of the milestone. Below defined milestones must be achieved by the referred person.

Milestones are:

Above milestones must be achieved within the offer duration.

Eligibility Criteria for Referral Rewards

1. The referral must be done by following the below process on NSDL Jiffy App.
   • The referrer must select the mobile no. of the person from the phonebook on the referral screen on NSDL Jiffy App and then invite using WhatsApp / SMS.
2. The referred person must open a Savings Bank Account with NSDL Payments Bank on NSDL Jiffy The referrer and the referred user should have transaction-active savings account with NSDL Payments Bank on the day of processing rewards.
3. During the offer period, customers whose accounts are inactive or dormant or blocked or closed due to any reasons will not be eligible to participate in this offer.
4. If two persons refer to the same number/user, the last referrer as per our database would be considered for reward, if they meet all other eligibility criteria as well.
5. Referral rewards for the eligible reward milestone completed in a calendar month will be processed by 5^th  working day of next month.
6. Referral to an existing NSDL Payments Bank account holder (with the mobile number referred) will not be considered eligible under this campaign.
7. Reward shall be given only if the referral is done with all the above eligibility criteria being met during the offer period itself.

Other Terms & Conditions:

1. This referral program is currently available only on the Android version of NSDL Jiffy app.
2. Upgrade to Full KYC can only be done after 24 hrs. of account opening.
3. NSDL Payments Bank reserves the right at any time, without prior notice to add, alter, modify, withdraw or discontinue the offer and/or any of these terms & conditions without assigning any reasons whatsoever. Neither anything contained in these terms and conditions nor shall running this Offer be construed as an obligation on the Bank to continue the Offer up to the termination/expiry date.
4. All disputes under this Offer are subject to the exclusive jurisdiction of the competent courts/tribunals of Mumbai.
5. In all matters relating to this Offer, NSDL Payments Bank reserves the right to a final decision on the interpretation of these Terms & conditions. By participating in the Offer, the customer agrees to be bound by the terms and conditions contained herein.
6. The customers are not bound in any way to participate in or avail this Offer. Participation in this offer is voluntary. The offer is being made purely on a best effort basis. Any person availing this offer shall be deemed to have accepted these offer terms.
7. Any tax or other liabilities or charges payable to the government or any other statutory authority/body or any participating establishment, which may arise or accrue to the client due to the provision of the offer, shall be to the sole account of the customer.
8. NSDL Payments Bank reserves the right to disqualify any customer from this Offer if any fraudulent activity is identified as being carried out for the purpose of availing the Offer or if any of the conditions of the Offer Terms are not met.
9. For any queries, please write us at