Boil milk in a deep pan. Keep stirring it and let it simmer until it reduces and thickens slightly.

Add rice flour and water in a small cup. Mix well until it turns to a paste-like consistency.

Add this mixture to the boiling milk and stir well. Cook till the milk thickens a little more.

Add saffron strands and keep stirring the mixture.

Put the almonds, pistachios and cardamom powder to the boiling milk and stir well.

Pour in the sugar to the mixture and stir well until it dissolves completely.

Finally add the crumbled paneer and mix well.

Switch off the heat and let the mixture cool down.

Serve it hot or cold as you wish.