AePS (Aadhar Enabled Payment System)
AePS – Aadhaar Enabled Payment System
Aadhaar Enabled Payment System (AePS) is a secure and convenient banking solution that allows customers to perform basic financial transactions using their Aadhaar number and biometric authentication. This system enables cashless and cardless banking, making financial services accessible to rural and unbanked populations.
Secure & Hassle-Free Transactions
Customers can perform transactions without a debit card or internet banking
Biometric authentication (Fingerprint or IRIS scan) ensures high security.
Reduces the risk of fraud and unauthorized access.
Multiple Banking Services
Cash Withdrawals – Withdraw money from Aadhaar-linked bank accounts
Cash Deposits – Deposit money into Aadhaar-linked accounts
Balance Inquiry – Check account balance instantly
Fund Transfers – Transfer money between Aadhaar-linked accounts
Mini Statements – Get a summary of the latest transactions
Supports Financial Inclusion
Empowers rural and unbanked customers by providing banking services without the need for ATMs or bank branches Enables government subsidy distribution (DBT - Direct Benefit Transfer) Works on micro-ATMs and banking correspondent (BC) agents
Easy Access Through Banking Correspondents (BCs)
Customers can visit business correspondents (BC agents) or banking kiosks for AePS transactions Reduces dependency on traditional ATMs and bank branches Available in remote areas with minimal banking infrastructure
Interoperable Across Banks
AePS transactions work across all banks linked to NPCI (National Payments Corporation of India) Customers can access AePS services from any banking correspondent (BC) of any bank Enables universal banking access using Aadhaar authentication
