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.
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.
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