How To Use AEPS is a led version of bank transaction, which allows users to on-line fund transaction at PoS (Point of Sale) or (Micro ATM) through the business Correspondent using the Aadhaar authentication.
(BC)/bank Mitra of any bank a way to get it:
Offer KYC (know Your client) facts to open a new account. Aadhaar variety should be linked with financial institution a/c carrier Activation: None.
1-2 minutes put up Aadhaar seeding what’s required for Transaction:
Micro ATM remembers Aadhaar give bank call self Aadhaar holder having Bio-metrics (IRIS/ Finger).
Transaction cost: NIL to the consumer service provider or BC might also get charged or paid based on the bank‘s discretion.
Disclaimer: The transaction charges are based totally on to be had statistics and can vary primarily based on banks.
Aadhaar to Aadhaar funds switch.
Price Transactions (C2B, C2G Transactions).
Finances switch restrict.
Banks define restriction – No restriction for RBI.
Disclaimer: The price range switch limits are primarily based on available statistics and might vary primarily based on banks.
Carrier available from no. of operators: 118 banks.