AEPS (Aadhar Enabled Payment System)

Digital India Portal

The Government of India has launched AEPS (Aadhaar Enabled Payment System) to promote digital transactions and financial inclusion. The Digital India Portal has increased the accessibility and user-friendliness of AEPS services, thereby changing the landscape of financial transactions in the country. Secure and convenient banking transactions are easily carried out using the Aadhaar Unique Identification Number in AEPS. It is especially useful for people living in rural areas. Because banks are very far away in rural areas. Digital India portal allows citizens to conduct various financial transactions including cash deposits, withdrawals, fund transfers, balance enquiries, and Aadhar-to-Aadhar transactions. The process is easy for people who have little or no technology experience, making it accessible even to those who have little or no technology experience.

Biometric authentication, such as a fingerprint or iris scan linked to an individual’s Aadhaar number, ensures transaction security and validity, reducing the risk of fraud or identity theft. This eliminates the need for physical documents and reduces the risk of fraud or identity theft.

AEPS service of the Digital India Portal has significantly contributed to the government’s goal of creating an inclusive and cashless society. enabling millions of Indians, especially those from underprivileged backgrounds, to access banking services and join the formal financial system.

AEPS Services

  • Cash Withdrawal: Get money directly from your bank account without needing a debit card.
  • Balance Enquiry: Check how much money is currently in your account.
  • Cash Deposit: Deposit cash into your bank account (availability depends on the bank).
  • Money Transfer (Aadhaar to Aadhaar): Send money to someone else’s bank account if they also have Aadhaar linked.

AEPS Features

  • Convenience: No need to carry cash or debit cards. Just your Aadhaar card and fingerprint!
  • Financial Inclusion: AEPS brings banking services to those without debit cards or easy access to banks.
  • Security: Transactions are secure as they use Aadhaar verification which is tough to fake.
  • Ease of Use: User-friendly, especially for those unfamiliar with complex banking systems.
  • Multiple Transactions: Do more than just withdraw cash. You can also check your balance or send money to others.

Requirements for AEPS Transactions

  • Linked Aadhaar: Your Aadhaar card must be linked to your bank account.
  • Aadhaar Info: You should know your 12-digit Aadhaar number to initiate the transaction.
  • Biometric Verification: Provide your fingerprint or iris scan to confirm your identity during the transaction.

Merchant Benefits

  • Provide mini-banking service at your shop
  • Attract more customers with a single solution facility in one place
  • Earn the highest commission on every AEPS Transactions
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  • Offer complete banking solutions to the customers
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