AEPS

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 deposit, cash withdrawal, remittances through a Business Correspondent.

About AEPS

The AEPS system aims to empower all sections of the
society by making financial and banking services available to all through Aadhaar. AEPS is nothing but an Aadhaar-enabled payment system through
which you can transfer funds, make payments, deposit cash, make withdrawals, make enquiry about bank balance, etc.

Adhar AEPS is a bank led model which allows online interoperable financial transaction at PoS (Point of Sale / Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank using the Aadhaar authentication. How to get it: Provide KYC (Know Your Customer) information to open a new account Aadhaar Number should be linked with bank a/c