How To Use AEPS?

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).
Assisted mode.

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.

Services Presented:

Balance Enquiry.
Cash Withdrawal.
Coins Deposit.
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.


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