Paytm Payments Bank Limited (Paytm Payments Bank) has enabled banking services through Aadhaar Card. Paytm Payments Bank said, facilities like withdrawal and transfer will be rolled out soon.
new Delhi. Paytm Payments Bank has introduced Aadhaar Enabled Payment System (AePS) for its customers. Paytm Payments Bank said on Monday that with the introduction of this service, customers can withdraw money, account balance, and get their account details through the business correspondent of any bank or financial institution in the country. PPBL said in a statement that facilities like withdrawal and transfer will be rolled out soon.
This scheme of Paytm will benefit many people-
This will benefit those people from villages and small towns, who are difficult to reach due to distance to banks and ATMs. The Aadhaar Enabled Payment System (AePS) is the model of NPCI (National Payments Corporation of India).
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Customers will need these things – in
this, using Aadhaar authentication allows online inter-financial inclusion transaction in a point of sale (POS) or small ATM through the business correspondent of any bank. is. To transact through AePS, customers only need bank identification (IIN), Aadhaar number and fingerprint.
1 month, up to Rs 50 thousand –
AEPS is free for PPBL customers. In this, a limit of Rs 10,000 has been fixed for a transaction. Up to Rs 50,000 cash can be withdrawn through 10 transactions in a month. According to the statement, the company has partnered with more than 10,000 business representatives for this service, which will help in AEPS based transactions. The bank has plans to add more business representatives in the coming times.
Chief Executive Officer of TM Payments Bank, Satish Kumar Gupta said, “We have started this service for our customers to increase the digital banking network in the country.”
