digitalsevakendra89

07.17.2022

Aadhaar Enabled Payment System (AEPS) was launched to empower a bank customer to use Aadhaar as his/her identity to access their Aadhaar enabled bank account. Using AEPS the bank account holder can perform basic banking transactions like cash deposit, cash withdrawal, Intrabank or interbank fund transfer, balance enquiry and obtain a mini statement, etc. You need to seed your account with your Aadhaar number at the bank or with the help of banking correspondent to do transactions using AEPS. AEPS allows bank-to-bank transaction at PoS (Micro ATM).

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