AADHAAR ENABLED PAYMENT SYSTEM (AEPS)

AEPS is system of financial transaction thru Aadhar Authentication.

Financial transaction at PoS (Point of Sale / Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank.

How to get it: Provide KYC (Know Your Customer) information to open a new account. Aadhaar Number should be linked with bank a/c

Service Activation: 1-2 minutes post Aadhaar seeding

What is required for Transaction: 

  • MicroATM
  • Remember Aadhaar
  • Give Bank name
  • Present self (Aadhaar holder) with Bio-metrics (Finger and/or IRIS)
  • Assisted mode

Transaction Cost: NIL to customer. The transaction costs are based on available information and may vary based on banks.

Services Offered:

  • Balance Enquiry
  • Cash Withdrawal
  • Cash Deposit
  • Aadhaar to Aadhaar funds transfer
  • Payment Transactions (C2B, C2G Transactions)

Funds Transfer limit:

Banks define limit. No limit for RBI.