You can withdraw cash through Aadhaar Enabled Payment System (AEPS Aadhaar Enabled Payment System). You can get information about the balance.
In this era of Corona, Aadhar Enabled Payment System service is very useful for the people. With the help of this service, lakhs of people withdraw cash daily. In the lockdown, this facility of the government is becoming helpful as well as giving security to the people. Aadhar Enabled Payment System (AePS) is a system developed by National Payments Corporation of India (NPCI) to enable people to carry out financial transactions through Micro-ATMs by verifying their Aadhaar number and their fingerprint/iris scan (iris). allows. With the help of this payment system, people can send and receive money from one bank account to another through their Aadhaar number. It is also secure, as the transaction will not require bank information. The account holder’s fingerprint is required to authorize the transaction.
Let us know who can take advantage of AePS service when and how…
(1) Provides you the facility of Aadhaar Enabled Payment System across the country, but only those customers whose account is linked to the bank account can take advantage of this facility. At the same time, their account should also be in India Post Payment Bank (IPPB). Under the AePS service, the Department of Posts provides interoperable doorstep banking services to the customers of any bank including Jan Dhan account holders in IPPB.
(2) These facilities are available through AEPS – cash withdrawal, balance information, fund transfer, mini statement
(3) To use this service, your bank account must be linked with Aadhar card. Any account holder having an Aadhaar-linked bank account can initiate transactions through this system. He has to authenticate his identity with fingerprint scan and Aadhaar authentication process. If the customer transacts within 300 meters of the branch, then this facility will be free. Doorstep charges are levied if you are farther than that.
With linking of the Aadhaar number with bank account, customers can easily avail banking services through Aadhaar Enabled Payment System (AePS). Customers can link Aadhaar number with bank account by visiting the nearest bank branch or ATM. #AePShttps://t.co/pALRMKXEiU
— NPCI (@NPCI_NPCI) June 17, 2021
(4) The post office is currently helping lakhs of people through AEPS. After connecting to it, the postman itself gives information about withdrawal from mini statement and bank balance. IPPB services are available in more than 136,000 post offices and doorstep service is provided by over 195,000 postmen and GDSs (Gramin Dak Sevaks).
(5) Apart from depositing and withdrawing cash at the post office through Aadhaar Enabled Payment System, you also get the facilities of checking the balance of the account and money transfer and fund transfer. Through this, you can send cash from the bank to your India Post Payment Bank.
Along with banking, there is also the facility of non-banking transactions. There is no need to present your Debit/Credit card to transact through AEPS. Fingerprint is required to verify the transaction which makes it secure. Micro PoS machines can be taken to distant places to enable people in remote villages to transact instantly.
