Aadhaar Enabled Payments Systems (AEPS) is a facility through which a customer can make certain type of transactions using Aadhaar Based authentication. AEPS was brought into effect to bring in all the citizens in the banking framework and facilitate financial inclusion via Micro ATMs or Point of Services which will be set up through the business correspondent of Banks using the Aadhaar based authentication.
The AEPS allows an individual to carry on six types of transactions. Under this AEPS, customers are required to provide the following inputs to carry on transactions:
Fingerprint captured during their enrolments.
Services/Transactions offered by AEPS:
The following are the list of services provided by AEPS:
It is very easy to use AePS. One has to follow the below-mentioned steps:
Please visit your branch for more information.