Aadhaar Enabled Payment System (AEPS)

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Aadhaar Enabled Payment System (AEPS)

Aadhaar Enabled Payment System (AEPS), is a payment service method provided by the National Payments Corporation of India (NPCI) that allows users to make financial transactions using their Aadhaar number as an identifier. It facilitates seamless banking services, particularly in rural and underserved areas, enabling users to withdraw cash, make deposits, and transfer money without the need for traditional banking infrastructure. By leveraging biometric authentication, AEPS enhances security and accessibility, empowering millions to engage in digital financial services.

Why Choose Us

It facilitates seamless banking services, particularly in rural and underserved areas, enabling users to withdraw cash, make deposits, and transfer money without the need for traditional banking infrastructure. By leveraging biometric authentication, AEPS enhances security and accessibility, empowering millions to engage in digital financial services.

Frequently Asked Questions

Here are some frequently asked questions about our services to help you better understand how we can assist you with your various needs.

  • What is AEPS and how does it work?

    AEPS, or Aadhaar Enabled Payment System, is a digital payment platform that allows users to perform banking transactions using their Aadhaar number and biometric authentication. Users can withdraw cash, check their balance, and make deposits through micro ATMs or authorized banking agents.

  • Is biometric authentication safe?

    Yes, biometric authentication is considered secure as it relies on unique biological traits, such as fingerprints or iris scans, to verify identity. This method reduces the risk of fraud compared to traditional identification methods like passwords or cards.

  • Can I use AEPS without a bank account?

    No, AEPS requires users to have a bank account linked to their Aadhaar number to facilitate transactions. However, it is designed to make banking services more accessible, especially for those in rural and underserved areas.

  • Are there any charges for using AEPS services?

    While many AEPS transactions may be free, some banks or service providers may impose nominal fees for certain transactions, such as cash withdrawals. It's best to check with your bank for specific charges related to AEPS services.

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