Aadhaar card: Now you neither need to go to bank nor ATM to withdraw cash. Now you will neither have to struggle to remember the ATM PIN nor have to worry about OTP to withdraw cash.
Aadhaar ATM: Now you neither need to go to bank nor ATM to withdraw cash. Now you will neither have to struggle to remember the ATM PIN nor have to worry about OTP to withdraw cash. Without going to the bank or ATM, you will be able to withdraw cash from your Aadhar card sitting at home. In today’s era of digital transactions, where every work is done through mobile, many times there is a sudden need for cash. In such a situation, you start looking for an ATM or bank nearby. But you don’t need to worry. We are telling you about such methods. Where you will be able to withdraw cash sitting at home, without ATM card, without OTP.
What is Aadhaar Enabled Payment System (AePS)
If you are wondering how to withdraw cash without going to ATM or bank, then the answer is Aadhaar Enabled Payment System i.e. AePS System. You will not only be able to withdraw cash with the help of this system, but will also be able to check balance, deposit cash and transfer funds. You will get this doorstep banking at your home, sitting at home. You only need your Aadhar card for this. Your Aadhaar will become your ATM.
It is necessary to link Aadhaar with bank account
To avail this service, you will have to link your Aadhaar with your bank account. With the help of Aadhaar number and biometrics, you can avail facilities like cash withdrawal, deposit, transaction or balance check. National Payment Corporation of India (NPCI) has created this system to help the people. You will get the facility of transaction by entering your Aadhaar number and doing fingerprint verification.
How will you get the facility to withdraw cash from Aadhaar?
For the convenience of withdrawing cash at home, it is necessary to link your Aadhaar with the bank account. If your Aadhaar is not linked then this facility will not be available. For this Aadhaar Enabled Payment System (AePS), you will have to go to the banking correspondent or call him at home and get the biometric verification done. Common Service Center (CSC) operators also provide this service. Whereas banking correspondents are authorized by the banks.
How does it work
For Aadhaar Enabled Payment System (AePS), you can call the banking correspondent to your home. The banking correspondent will enter your Aadhaar number in the mini ATM machine and scan your biometric i.e. finger or iris. If the details match, you will be able to avail banking facilities like cash withdrawal, deposit, balance check etc. NPCI has fixed the maximum transaction limit per AEPS transaction at Rs 10,000.
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