Abhishek,
What do you have set in SmarterMail under SETTINGS > GENERAL SETTINGS > SERVER INFO > HOSTNAME?
If other major providers, especially AOL.com and Yahoo.com, are accepting your emails then most likely your Hostname is a valid FQDN (Fully Qualified Domain Name) and matches a FCrDNS (Forward Confirmed Reverse Domain Name Service) lookup, in which case it could be a temporal problem with REDIFF.COM's DNS Servers not being able to do these lookups for some reason.
I have seen this problem arise when we have blocked entire Class C (or higher) IP Ranges at our Firewall. If an IP of their DNS Server(s) is blocked from making DNS queries to your DNS Servers that are authoritative for your domain then the result would be a 553 response code.