diff --git a/packages/yoroi-extension/app/UI/features/notifications/useCases/NotificationsSettings/NotificationsSettings.tsx b/packages/yoroi-extension/app/UI/features/notifications/useCases/NotificationsSettings/NotificationsSettings.tsx
index f50d442bf4..2e588a24b5 100644
--- a/packages/yoroi-extension/app/UI/features/notifications/useCases/NotificationsSettings/NotificationsSettings.tsx
+++ b/packages/yoroi-extension/app/UI/features/notifications/useCases/NotificationsSettings/NotificationsSettings.tsx
@@ -7,25 +7,45 @@ import { ampli } from '../../../../../../ampli';
 
 const NotificationsSettings = ({ intl }) => {
   const strings = useStrings(intl);
-  const [notificationsEnabled, setNotificationsEnabled] = React.useState(true)
+  const [notificationsEnabled, setNotificationsEnabled] = React.useState(true);
+  const [selectedWalletId, setSelectedWalletId] = React.useState("");
 
   const lsApi = new LocalStorageApi();
 
+  async function getNotificationsSetting(checkCurrentWallet: boolean = false) {
+    const notifSettingsStr = await lsApi.getNotificationsSetting();
+    const notifSettings = JSON.parse(notifSettingsStr || "{}");
+
+    if (checkCurrentWallet) {
+      const selectedWalletId = await lsApi.getSelectedWalletId();
+      setSelectedWalletId(selectedWalletId);
+
+      return notifSettings[selectedWalletId] !== undefined ? notifSettings[selectedWalletId] : true;
+    }
+
+    return notifSettings;
+  }
+
+  async function setNotificationsSetting(enabled: boolean) {
+    const notifSettings = await getNotificationsSetting();
+    lsApi.setNotificationsSetting(JSON.stringify({ ...notifSettings, [selectedWalletId]: enabled }));
+  }
+
+  // get initial state from localstorage
   React.useEffect(() => {
-    async function getNotifStatus() {
-      const notifEnabled = await lsApi.getNotificationsSetting();
-      if (notifEnabled === "true" && !notificationsEnabled) {
-        setNotificationsEnabled(true);
-      }
+    async function initialNotifStatus() {
+      const notifEnabled = await getNotificationsSetting(true);
+      setNotificationsEnabled(notifEnabled);
     }
 
-    getNotifStatus();
+    initialNotifStatus();
   }, [])
 
-  const handleNotificationsChange = (event) => {
-    setNotificationsEnabled(prev => !prev);
-    lsApi.setNotificationsSetting(String(event.target.checked));
-
+  // handle checkbox change event
+  const handleNotificationsChange = async (event) => {
+    const enabled = event.target.checked;
+    setNotificationsEnabled(enabled);
+    setNotificationsSetting(enabled);
     ampli.settingsInAppNotificationsStatusUpdated({
       status: event.target.checked ? "enabled" : "disabled"
     })
diff --git a/packages/yoroi-extension/app/api/localStorage/index.js b/packages/yoroi-extension/app/api/localStorage/index.js
index 904e186196..0335d11ef6 100644
--- a/packages/yoroi-extension/app/api/localStorage/index.js
+++ b/packages/yoroi-extension/app/api/localStorage/index.js
@@ -33,7 +33,7 @@ const storageKeys = {
   FLAGS: networkForLocalStorage + '-FLAGS',
   USER_THEME: networkForLocalStorage + '-USER-THEME',
   PORTFOLIO_FIAT_PAIR: networkForLocalStorage + '-PORTFOLIO_FIAT_PAIR',
-  NOTIFICATIONS_SETTING: networkForLocalStorage + '-NOTIFICATIONS_SETTING',
+  NOTIFICATIONS_ENABLED: networkForLocalStorage + '-NOTIFICATIONS_ENABLED_PER_WALLET',
   BUY_SELL_DISCLAIMER: networkForLocalStorage + '-BUY_SELL_DISCLAIMER',
   // ========== CONNECTOR   ========== //
   DAPP_CONNECTOR_WHITELIST: 'connector_whitelist',
@@ -109,11 +109,11 @@ export default class LocalStorageApi {
   
   // ========== Notifications Setting ========== //
 
-  getNotificationsSetting: void => Promise<?string> = () => getLocalItem(storageKeys.NOTIFICATIONS_SETTING);
+  getNotificationsSetting: void => Promise<?string> = () => getLocalItem(storageKeys.NOTIFICATIONS_ENABLED);
 
-  setNotificationsSetting: string => Promise<void> = allowed => setLocalItem(storageKeys.NOTIFICATIONS_SETTING, allowed);
+  setNotificationsSetting: string => Promise<void> = allowed => setLocalItem(storageKeys.NOTIFICATIONS_ENABLED, allowed);
 
-  unsetNotificationsSetting: void => Promise<void> = () => removeLocalItem(storageKeys.NOTIFICATIONS_SETTING);
+  unsetNotificationsSetting: void => Promise<void> = () => removeLocalItem(storageKeys.NOTIFICATIONS_ENABLED);
 
   // ========== Buy/Sell Disclaimer ========== //
   getBuySellDisclaimer: void => Promise<?string> = () => getLocalItem(storageKeys.BUY_SELL_DISCLAIMER);