SEMrush

Sunday, March 26, 2023

How To MANAGE YOUR BANKING TRANSACTIONS USING ONLY YOUR AADHAAR NUMBER

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.

TRENDING POSTS

The Ultimate Managed Hosting Platform