Aadhaar enabled Payment System is a secure, safe payment method offered by the NPCI that permits customers to withdraw cash and avail of other fundamental banking benefits like:
Cash Withdrawal – With AEPS Cash withdrawal service, clients can withdraw cash from their Aadhaar-linked bank accounts without visiting the bank or ATM. They can do this by merely giving their Aadhaar numbers and thumb impressions.
Fund Transfer – As soon as the Aadhaar verification process is complete, clients have access to transfer money from one Aadhaar-linked bank account to another account using the AEPS service.
Balance Enquiry – In a matter of seconds, clients can view their balance via the AEPS portal.
Mini Statement – An Aadhaar-linked bank account can generate a mini statement showing the historical background of 5-10 transactions.