Aadhar Enabled Payment System

Aadhaar Enabled Payment System is a payment service empowering a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled bank account and perform basic banking transactions like balance enquiry, , cash withdrawal, remittances through a Business Correspondent.

AePS, or Aadhaar enabled payment system, is a payment mechanism that allows Aadhaar cardholders to conduct banking transactions.

Benefits of Aadhar Enabled Payment System

  •  The facility of Cash withdrawal.
  •  Quick Transfer Facility.
  •  It is a safe and secure method of payment and interoperable across various banks.
  •  With AEPS, the only information required to initiate a transaction is Aadhaar number and biometric information.
  •  AEPS only requires biometric identification and a 12-digit unique identification code to initiate a transaction.