Aadhaar Enabled Payment System: Instant Money Withdrawals Without OTP Or PIN
The Aadhaar card has become a powerful identity tool for all Indians, doubling as a means for seamless financial transactions. With the Aadhaar Enabled Payment System ( AePS ), you can quickly perform transactions such as withdrawing, depositing, and transferring money between accounts. Developed by the National Payments Corporation of India (NPCI), AePS aims to make digital banking simple, secure, and accessible.
How AePS Works
AePS is built on the Unified Payments Interface (UPI) infrastructure and uses a bank-linked model to facilitate transactions with Aadhaar authentication . By linking your Aadhaar number to your bank account, you can complete transactions using only your Aadhaar number and fingerprint, eliminating the need for bank details, OTPs, or PINs. An Aadhaar card can be connected to multiple bank accounts, allowing you to carry out financial transactions conveniently.
Key Services Available via AePS
1. Balance Check
Instantly check your account balance without needing a bank branch.
2. Cash Withdrawal
Withdraw funds directly from your bank account through AePS-enabled agents.
3. Cash Deposit
Deposit money into your account without visiting a bank.
4. Aadhaar-to-Aadhaar Fund Transfer
Transfer money from one bank account to another using only Aadhaar numbers.
5. Aadhaar-Based Payments
Make payments using the Aadhaar Enabled Payment System for a smooth and secure transaction experience.
How to Use AePS for Transactions
To use AePS, visit a banking correspondent or Common Service Center (CSC) operator. These authorized representatives, appointed by banks, can help you transact digitally. For convenience, they can even provide these services at your home. AePS is especially beneficial for people in rural or remote areas who have limited access to traditional banking facilities.
Bringing Banking Services Closer to You
With AePS, customers can access essential banking services from the comfort of home, avoiding the need to visit a bank branch. This system is a significant step toward the vision of Digital India , making banking more inclusive, secure, and accessible for everyone. AePS empowers every Aadhaar-linked individual to participate in digital banking with ease.
How AePS Works
AePS is built on the Unified Payments Interface (UPI) infrastructure and uses a bank-linked model to facilitate transactions with Aadhaar authentication . By linking your Aadhaar number to your bank account, you can complete transactions using only your Aadhaar number and fingerprint, eliminating the need for bank details, OTPs, or PINs. An Aadhaar card can be connected to multiple bank accounts, allowing you to carry out financial transactions conveniently.
Key Services Available via AePS
1. Balance Check
Instantly check your account balance without needing a bank branch.
You may also like
- 'No legal action, FIRs being withdrawn': Bihar govt assures protesters in big win for students, CJP
- 47 GW battery storage, 23 GW pumped storage projects in pipeline
- Security to remain tight in central Delhi as CJP warns of fresh protests over withdrawal of FIRs
- NHAI wins major arbitration, Rs 3,177-cr claim cut to Rs 46 cr
- 'Will support any decision taken in discharge of duty': CRPF leadership assures personnel
2. Cash Withdrawal
Withdraw funds directly from your bank account through AePS-enabled agents.
3. Cash Deposit
Deposit money into your account without visiting a bank.
4. Aadhaar-to-Aadhaar Fund Transfer
Transfer money from one bank account to another using only Aadhaar numbers.
5. Aadhaar-Based Payments
Make payments using the Aadhaar Enabled Payment System for a smooth and secure transaction experience.
How to Use AePS for Transactions
To use AePS, visit a banking correspondent or Common Service Center (CSC) operator. These authorized representatives, appointed by banks, can help you transact digitally. For convenience, they can even provide these services at your home. AePS is especially beneficial for people in rural or remote areas who have limited access to traditional banking facilities.
Bringing Banking Services Closer to You
With AePS, customers can access essential banking services from the comfort of home, avoiding the need to visit a bank branch. This system is a significant step toward the vision of Digital India , making banking more inclusive, secure, and accessible for everyone. AePS empowers every Aadhaar-linked individual to participate in digital banking with ease.
Loving Newspoint? Download the app now
