NSDL Payments Bank Limited – Digital KYC, Account Opening, UPI, Wallet, Fast & Secure Banking Services 2026

NSDL Payments Bank Limited is a 100% subsidiary of National Securities Depository Limited (NSDL) — one of India’s most trusted financial infrastructure institutions. Founded in 2018, NSDL Payments Bank operates under the authorization of the Reserve Bank of India (RBI) and is headquartered in Mumbai, Maharashtra.
The bank focuses on offering secure, simple, and technology-driven digital banking services to every Indian. It enables customers to open accounts instantly through Digital KYC (e-KYC) and provides seamless access to UPI, digital wallets, bill payments, and online money transfers.
As part of India’s digital revolution, NSDL Payments Bank integrates safety, speed, and accessibility to make cashless banking easy for individuals, corporates, and fintech partners.

Features of NSDL Payments Bank:

• Instant Digital Account Opening via Aadhaar-based e-KYC.
• UPI, IMPS & NEFT Support for fast money transfers.
• Integrated NSDL Wallet for mobile payments, shopping & recharges.
• Zero Balance Digital Savings Account.
• FASTag, Insurance & Bill Payment Services.
• 24×7 Secure Banking via web & mobile platforms.
• API Banking & Fintech Integration for business users.

Open an NSDL Payments Bank Account (Online):

You can open an NSDL Payments Bank account completely online in just a few minutes.
Steps:

1. Visit www.nsdlbank.co.in or download the NSDL Jiffy App.
2. Click on “Open Account” → Select Digital Savings Account.
3. Enter your mobile number and verify using OTP.
4. Provide your Aadhaar Number and PAN Card details.
5. Complete e-KYC with Aadhaar OTP or video KYC verification.
6. Set your MPIN and login password.
7. Your account is activated instantly — you can start transactions immediately.

Benefits:

• 100% paperless process.
• No minimum balance required.
• Earn attractive interest on deposits.
• Access to wallet, UPI, and digital payment tools.

UPI & Digital Payment Services:

NSDL Payments Bank provides full UPI support through its Jiffy App and partner platforms.
To set up UPI:

1. Download NSDL Jiffy App.
2. Go to “Payments” → “UPI”.
3. Create your UPI ID (example: mobilenumber@nsdlbank).
4. Link your NSDL account or any other bank account.
5. Set a UPI PIN using your debit card details.
6. Start sending or receiving money instantly — 24×7!

UPI Benefits:

• Instant money transfer to any bank.
• No transaction charges.
• Works with all major UPI apps (PhonePe, Google Pay, BHIM, etc.).

NSDL Wallet Services:

The NSDL Wallet is a prepaid digital wallet designed for safe and fast payments.
Features:

• Add money via debit card, UPI, or net banking.
• Pay mobile, DTH, and electricity bills instantly.
• Shop online using wallet balance.
• Send or receive money securely between wallet users.
• Manage daily payments and recharges from one app.

How to Activate Wallet:

• Wallet activation is automatic once your NSDL Payments Bank account is opened.
• Available within the Jiffy App for Android & iOS.

Check NSDL Payments Bank Balance:

You can check your balance easily using multiple methods:

1. Jiffy App: Login → Dashboard → View balance instantly.
2. UPI Apps: Use your NSDL-linked UPI ID to check balance.
3. Missed Call Banking: Give a missed call to 022-68987777 from your registered mobile number.
4. SMS Banking: Send BAL to 9821298212.
5. Customer Portal: Login at www.nsdlbank.co.in.

Loans & Financial Services (via Partner NBFCs):

NSDL Payments Bank provides micro-loan and credit services through trusted NBFC and fintech partners.
Available Loan Types:

• Instant Digital Loans (via Jiffy App).
• Consumer & EMI Loans for shopping and bills.
• Micro-Business Loans for small entrepreneurs.
• Insurance & Investment Services (coming soon).

How to Apply:

1. Log in to the NSDL Jiffy App → “Loans” Section.
2. Choose the loan amount and duration.
3. Upload Aadhaar, PAN & income proof.
4. Once verified, funds are transferred to your NSDL account instantly.

NSDL Payments Bank Net Banking:

Although it primarily offers mobile-first banking, NSDL Payments Bank also provides secure web access for customers and corporate clients.
Net Banking Features:

• Check account balance & transaction history.
• Transfer money via NEFT/IMPS/UPI.
• Pay bills & recharge.
• Manage wallet, card & profile.
• Download statements and interest certificates.

Login URL: www.nsdlbank.co.in → Click on Login → Retail / Corporate.

NSDL Payments Bank IFSC Code:

• Primary IFSC Code: NSPB0000001
• Used For: NEFT, IMPS & RTGS transactions.
• You can check your branch IFSC via:
  • Passbook or e-statement.
  • Official website IFSC locator.

Customer Care & Support 2026:

• Toll-Free Number: 1800 266 7635
• Email: [email protected]
• Official Website: www.nsdlbank.co.in
• Mobile App: NSDL Jiffy App (Android & iOS)

Security & Safety Tips:

• Use only the official NSDL Jiffy App or website.
• Never share your OTP, PIN, or password.
• Enable two-factor authentication for added protection.
• Avoid public Wi-Fi for financial transactions.
• Regularly update your app and password.

Summary:

NSDL Payments Bank Limited represents the next generation of digital banking in India — fast, secure, and completely paperless. With Aadhaar-based account opening, UPI integration, wallet services, and instant digital transactions, NSDL ensures smooth, secure, and accessible financial services for individuals and businesses alike in 2025.