jiffy premium savings account
Jiffy Premium Savings Account is for those who have premium banking needs. Enjoy the splendid benefits this account brings to you like unlimited fund transfers without any charges, higher limits that will let you Transact more, Transfer more and Shop more. That’s how Jiffy Savings Account goes Premium.
Key Features
Average Monthly Balance
Average monthly balance of Rs. 25,000/-
Free Virtual Debit Card
Enjoy your free virtual debit card to make online purchases. You can request for 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
Free Online Fund Transfers
Transfers funds for free anytime, anywhere from your smartphone using NSDL Jiffy App
Timely Bill Payments in a Jiffy
Never miss the due dates of your bills. Pay your bills on time using NSDL Jiffy App. Also, you can set-up auto pay for your monthly/regular bills
Instant Account Activation
Activate your account instantly with our fully digital safe and secure account activation process
Free Mobile Banking Service
Enjoy banking anytime, anywhere from your smartphone with NSDL Jiffy App, without going to the bank branch
rate & 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%
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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.
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Minimum Average Monthly Balance (AMB)
Rs. 25,000
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Maximum Daily Balance
Rs. 10,00,000
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Fund Transfer to Partner Bank Linked Account through Sweep facility#
Yes
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Interest on Partner Bank Linked Account
As per Partner Bank norms.
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Balance Non- Maintenance charges per month
5% of shortfall* + GST, Subject to Min Rs. 100 + GST, Max Rs. 750 + GST
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Initial Deposit
Rs. 25,000
*Shortfall is calculated as a difference between required AMB and actual AMB maintained for a calendar month. Max charges capped at Rs. 750 + applicable taxes.
#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
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IMPS
Free
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NEFT
Free
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RTGS
Free
NEFT - National Electronic Funds Transfer, IMPS - Immediate Payment Services, RTGS - Real Time Gross Settlement
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Cash Deposit (Not Enabled Currently)
Free upto 4 instances per month.
Beyond free limit Rs. 3 per Rs. 1000 + GST (subject to minimum Rs. 150 + GST)
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Cash Withdrawal#
NA
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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
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Type~
RuPay Platinum / Visa Classic
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Issuance Fee
Free
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Annual Fee
Free
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Daily Ecom Limit (RuPay / Visa)
Rs. 25,000 / Rs. 25,000
Physical Debit Card
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Type
RuPay Platinum / Visa Classic
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Issuance Fee
Rs. 300 + GST / Rs. 300 + GST
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Annual Fee (2nd Year onwards)
Rs. 300 + GST / Rs. 300 + GST
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Replacement Fee
Rs. 300 + GST / Rs. 300 + GST
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Daily Withdrawal Limit
Rs. 20,000 / Rs. 20,000
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Daily POS Limit
Rs. 50,000 / Rs. 50,000
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ATM Transaction (Per Month)
Metro - up to 3 transactions
Non-Metro - up to 5 transactions
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ATM Charges beyond free limit
Financial= Rs 21 + GST
Non-financial = Rs 8 + GST
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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 Maintenance
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Monthly Service Fee
Rs. 5 + GST per month
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Email Statement (Monthly)
Free
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Physical Statement (Adhoc)
Rs. 100 + GST per request
Standing Instructions / NACH -
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Setting up of Standing Instructions (Digitally)
Free
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Setting up of Standing Instructions (Branch)
NA
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Setting up of NACH
Free
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NACH Return/Rejects
Rs. 500 + GST
Interest / Balance / TDS Certificate -
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Digital
Free
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Physical through Branch / Service Point
Rs. 50 + GST
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TDS certificate
Free
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Account Closure Charges
* Rs. 500 + GST
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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.
