How To MANAGE BANKING TRANSACTIONS USING ONLY YOUR AADHAAR NUMBER
Manage banking transactions using only your Aadhaar number -- Know how Aadhaar Enabled Payment System works
AEPS allows Aadhaar card holders to transact quickly and easily with linked bank accounts. Only bank name, Aadhaar number, and fingerprint are required
The National Payments Corporation of India (NPCI), in association with the Unique Identification Authority of India (UIDAI), is the umbrella organization for all retail payment systems in India, providing "Aadhaar-Based Delivery Service (ABRS)" to physical Aadhaar holders. Card.
Aadhaar-enabled Payment System or AePS is a form of banking that enables online payments that interact with PoS (MicroATM) through any bank that registers using Aadhaar authentication.
Check out the list of banking services offered by AePS
cash deposit
cash withdrawal
balance inquiry
mini statement
Aadhaar to Aadhaar Fund Transfer
certification
on BHIM AADHAAR
Other Services Provided by AEPS:
eKYC
best finger recognition
demo proof
tokenization
Aadhaar Seeding Status
In this scenario, the only inputs required for the customer to do the transaction are:-
Name of bank
Aadhaar number
Fingerprints were captured at the time of enrolment.
Step-by-step process to transfer money using only Aadhaar Enabled Payment Systems (AePs).
Meet your local Banking Correspondent
Enter your Aadhaar number at the POS machine
Select Transaction Type
Enter Bank Name
Enter the amount you have chosen for the transaction
Now provide your biometric data to confirm the payment
You will receive a receipt once your transaction is successful
While using the Aadhaar-based remittance system, Aadhaar card holders are not required to remember/do multiple inputs to initiate financial transactions. Just enter a number i.e.
