NSDL Jiffy account transaction question

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Finance Mentor
Agni007

Is there a limit or "safe" yearly/monthly credit txn or balance amount for NSDL Jiffy online account ?

The reason I'm asking is because this is not a proper bank account opened in person and NSDL isn't a full fledged bank. Normally small UPI offer reward transactions, rupay card <500 are done. Sometimes upto 10k from self accounts...

I'm speaking about 10k-50k frequent incoming payments from others. Would that raise any flag and account be frozen etc.? We have seen many cases with digital / neo banks like Fi, etc...

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Tagging @abhishek012

Finance Ninja Finance Ninja
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Yes, if your NSDL account is aadhar otp based kyc then your account will get frozen

But full kyc users aadhar xml based, no problem but NSDL limit is 1 lakh per month.

If you load more than 1 lakh then nsdl is not allowed to spend more than 1 lakh within a month.

Finance Mentor Finance Mentor
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They took live selfie etc while opening afaik... @abhishek012

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I did 80K transactions in 10 months....only normal UPI transactions....but they blocked my account & after that they mentioned "you need to send your recorded video holding aadhar & pan card" and same I did.

After that I am using NSDL account only for rupay offers.


Finance Mentor Finance Mentor
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@Spanjaykumar You did that and unblocking was smooth, no problem after that?

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Ya it's smooth bhai but unka lecture Sunna pada call pe...☹️ 

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Finance Ninja Finance Ninja
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keep the money less than 95k and do not use the account for UPI transactions in a day daily 4-5 times as it will flag as a misuser according to there system!

If you are keeping it then no issue @Agnivo007

Avant Garde Avant Garde
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Screenshot2023-06-01-11-50-50-484com.nsdlpb.jiffy
Avant Garde Avant Garde
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Getting this error while opening the account anyone face the same

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