Sep 4, 2023 · Access to crucial financial services can be obtained by simply recalling the 12-digit Aadhaar number, which is linked to your bank account. To verify a transaction or utilize the AePS (Aadhaar-enabled Payment System) facility, your fingerprint must be …

Aadhaar enabled payment system or the AePS is a bank-led payment model that allows all Aadhaar card holders to make monetary transactions at micro automated teller machines (ATMs) or point...

Aadhaar Enabled Payment System (AePS) allows the merchant to accept payment from a customer of any bank, by authenticating the customer’s biometrics.

Dec 26, 2024 · Learn about Aadhaar Enabled Payment System (AEPS), its features, services, eligibility, and application process. Discover the benefits, drawbacks, and essential details for seamless transactions.

Jan 24, 2023 · AEPS, constituted by the National Payments Corporation of India, is a payment system that uses Aadhaar Cards to conduct banking transactions. Cardholders can complete transactions by providing their biometric information at a Point of Sale (POS) or Micro ATM (Automated Teller Machine) terminal.

How to Use Aadhaar Enabled Payment System? Users who have their Aadhaar card linked to a bank account can use the AEPS portal by following the below-mentioned steps: Step 1: Go to …

What is Aadhaar Enabled Payment System? A. Aadhaar Enabled Payment System (AEPS) is a payment service that allows a bank customer to use Aadhaar as his/her identity to access his/her Aadhaar enabled bank account and perform basic banking transactions like balance enquiry, cash withdrawal, remittances through a Business Correspondent. Q.

3 days ago · How Does AEPS Work? Accessing essential financial services is as simple as recalling your 12-digit Aadhaar number, which is linked to your bank account. To complete a transaction or use the AePS (Aadhaar-enabled Payment System), your fingerprint must be authenticated through Aadhaar.

Nov 6, 2024 · Aadhaar Enabled Payment System (AEPS) enables Aadhaar card holders to make seamless financial transactions using Aadhaar-based authentication. This payment system enables you to carry out financial transactions using your Unique Identification Number or UID.

Jan 11, 2024 · How to use AePS? You have to follow these below following steps: Step 1: You have to go to a micro-ATM or banking correspondent in your area. Step 2: Then, enter your 12-digit Aadhaar number in the PoS Machine. Step 3: Provide KYC (Know Your Customer) information to open a new account. Note: Aadhaar Number …