AEPS Full Form

AEPS Full Form

AEPS Full Form

AEPS full form is 
Aadhar
Enabled
Payment
System

AEPS Introduction
You people heard about withdrawing cash through Aadhar Card. Even Cash deposit, Bank balance enquiry has done through Aadhar Card. These services provided by AEPS. In our country in villages Banks having very few branches. Village people finding it very difficult to get banking services. To solve this Government introduced the AEPS service. By AEPS service village people got very good benefit they withdraw and deposit cash from Business Correspondent without going to a bank. They will get banking services from Banking Correspondent. AEPS is introduced by the National Payment Corporation of India. The main aim of this service is to provide banking services to village people. By AEPS service banking small transactions become very simple and easy.

AEPS offers the following services

Bank balance enquiry
Cash deposit
Cash withdrawal
Bank passbook mini statement
Aadhar to Aadhar fund transfer

Who can use AEPS

All Indian residents having a valid Aadhaar card linked to their bank account can use this AEPS service.

How to use AePS

To use the AEPS service you need to visit Banking Correspondent.

You need to enter your 12-digit Aadhaar number in the PoS Machine.

You need to select the transaction type
Cash deposit,
Cash  withdrawal, 
Bank mini statement,
Fund transfer, 
Balance inquiry or eKYC.

Then you need to select the bank name. If you want to withdraw the cash the amount for the transaction.

To do the AEPS transaction you need Micro ATM or POS machine
Aadhar No
Bank name of account holder.
Account holder with Bio metrics
Assisted mode.

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