In a bowl take paneer and knead until smooth.
Add in the condensed milk, cardamom powder and saffron and mix it well.
Divide it into three silicon moulds or in a single small loaf tin or a round tin.
Sprinkle almonds, pistachios and saffron on top.
Bring water to boil in a pan.
Place the moulds inside the water and cover the pan.
Steam cook for fifteen minutes.
Remove the moulds and refrigerate them for minimum one hour.
Remove the sandesh from the moulds and serve them.