{"id":894,"date":"2025-10-18T05:44:49","date_gmt":"2025-10-18T05:44:49","guid":{"rendered":"https:\/\/gradesetter.com\/?p=894"},"modified":"2025-10-18T05:44:49","modified_gmt":"2025-10-18T05:44:49","slug":"aadhaar-enabled-payment-system","status":"publish","type":"post","link":"https:\/\/www.reilsolar.com\/aadhaar\/aadhaar-enabled-payment-system\/","title":{"rendered":"Aadhaar Enabled Payment System (AEPS) | Aadhar card money withdrawal"},"content":{"rendered":"<p><span style=\"font-family: georgia, palatino, serif\"><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">Do you want to know How to use Aadhaar Enabled payment system (AEPS)?<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">If yes, then you are in the right place.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">In this tutorial, you will know all about\u00a0Aadhaar Enabled payment system (AEPS).<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">It\u2019s simple and easy to use Aadhar Enabled payment system for\u00a0Aadhar card money withdrawal.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<h2 class=\"wp-block-heading\"><strong><span style=\"font-family: georgia, palatino, serif\">What is Aadhaar Enabled Payment System (AEPS)?<\/span><\/strong><\/h2>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">Aadhaar Enabled Payment System (AEPS) is a system developed by the National Payments Corporation of India (NPCI.)<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">AEPS allows people to carry out financial transactions on a Micro-ATM by providing their Aadhaar number and verifying it with the help of their fingerprint\/iris scan.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">AEPS allows customers to make payments using their Aadhaar number and by providing\u00a0<a href=\"https:\/\/www.reilsolar.com\/aadhaar\/aadhaar-services\/aadhaar-card-number-verification\/\" target=\"_blank\" rel=\"noreferrer noopener\">Aadhaar verification<\/a>\u00a0at point of Sale (PoS) or micro ATMs .<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">This is a simple, secure and user-friendly platform for financial transactions.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">This system will add another layer of security to financial transactions as bank details would no longer be required to be furnished while carrying out these transactions and fingerprints of the account holder will be required for authorizing the transaction.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<h3 class=\"wp-block-heading\"><strong><span style=\"font-family: georgia, palatino, serif\">Features &amp; Benefits of AEPS<\/span><\/strong><\/h3>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">There are a number of benefits of AePS. Some of those are mentioned below:<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<ul class=\"wp-block-list\">\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Easy to use<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Safe and secure payment method<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Interoperable across various banks<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Encourages financial inclusion and serves the underbanked sections of society<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Through AEPS, all bank account holders will be able to access their bank accounts through\u00a0<a href=\"https:\/\/www.reilsolar.com\/aadhaar\/aadhaar-services\/aadhaar-authentication-aadhaar-authentication-devices\/\" target=\"_blank\" rel=\"noreferrer noopener\">Aadhaar authentication<\/a><\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">With AEPS, the only information required to initiate a transaction is Aadhaar number and biometric information<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">AEPS facilitates disbursements of Government schemes like NREGA, Social Security pension, Handicapped Old Age Pension etc. of any Central or State Government bodies using Aadhaar authentication.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<h3 class=\"wp-block-heading\"><strong><span style=\"font-family: georgia, palatino, serif\">Services Offered by AEPS<\/span><\/strong><\/h3>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">People can avail a total of 6 facilities through AePS. These are:<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<ul class=\"wp-block-list\">\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Cash Withdrawal<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Cash Deposit<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Balance Enquiry<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Aadhaar to Aadhaar Fund Transfer<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Mini Statement<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">eKYC \u2013 Best Finger Detection\/IRIS Detection<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<h2 class=\"wp-block-heading\"><strong><span style=\"font-family: georgia, palatino, serif\">How to use\u00a0Aadhaar Enabled Payment System (AePS)?<\/span><\/strong><\/h2>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">The process of using AePS is quite easy.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">You have to follow these simple steps to use AEPS:<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<ul class=\"wp-block-list\">\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Visit a\u00a0micro-ATM or banking correspondent in your area. (It doesn\u2019t matter if he is an executive of the bank you don\u2019t have an account in, you can make transactions through AePS).<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Provide your 12-digit Aadhaar number in the PoS Machine.<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Select the transaction type \u2013withdrawal, mini statement, cash deposit, fund transfer, balance enquiry or\u00a0<a href=\"https:\/\/www.reilsolar.com\/aadhaar\/aadhaar-services\/aadhaar-paperless-local-e-kyc\/\" target=\"_blank\" rel=\"noreferrer noopener\">eKYC<\/a>.<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Select the bank name.<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Enter the amount for the transaction.<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Authenticate the transaction using your biometric (fingerprint or iris scan).<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">The transaction gets completed in seconds.<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">A receipt will be given to you by the banking correspondent.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<h3 class=\"wp-block-heading\"><strong><span style=\"font-family: georgia, palatino, serif\">Remember while using AePS<\/span><\/strong><\/h3>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">Remember these things before you use the new payment method:<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<ul class=\"wp-block-list\">\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Your bank account should be linked with Aadhaar if you want to avail this service.<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">If you have more than one account in one bank, only the primary account will be used under AePS.<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">No OTP or PIN is required for making transactions through AePS.<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">AePS supports transactions between Aadhaar linked bank accounts only.<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">Multiple bank accounts can be linked with Aadhaar to avail AePS facility. However, only one account per bank can be used for availing this facility.<\/span><\/li>\n\n\n\n<li><span style=\"font-family: georgia, palatino, serif;font-size: 16px\">The cutover of transactions done through AePS takes place at 11 pm every day. Transactions done before this time for the day are included in this settlement.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<h3 class=\"wp-block-heading\"><strong><span style=\"font-family: georgia, palatino, serif\">AEPS transaction\u00a0Limit under Aadhaar enabled payment system\u00a0<\/span><\/strong><\/h3>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">RBI has set no limit for transactions made through AePS. However, various banks have capped the transactions made through AePS to mitigate the misuse of the payment system, if any. Some banks have set a daily limit of a maximum of Rs 50,000 on total transactions.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<h3 class=\"wp-block-heading\"><strong><span style=\"font-family: georgia, palatino, serif\">Government vision on\u00a0Aadhaar enabled payment system\u00a0AePS?<\/span><\/strong><\/h3>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">The government has set a target of bringing all citizens in the banking framework. However, it is not feasible to open bank branches in all remote villages. Thus the government has come up with AePS where people from far-off places will easily be able to send\/receive money and avail other financial and non-financial banking facilities with the help of Micro ATMs and banking correspondents.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">Transactions done through this channel need biometric authentication through best finger\/iris detection. Signatures can be forged but fingerprints\/iris can\u2019t. This has made transactions safer.\u00a0 People won\u2019t have to carry their bank\u2019s passbook or debit card for f1und transfer as only Aadhaar number and your fingerprints would be required for making transactions making it easy for all to use this service.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">The AEPS machine works like a Point of Sale (POS) machine. Instead of a debit\/credit card pin, the merchant will have to key in the customer\u2019s Aadhaar number and authenticate the transaction using the customer\u2019s biometric data.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<h2 class=\"wp-block-heading\"><strong><span style=\"font-family: georgia, palatino, serif\">FAQs of\u00a0AEPS Transaction\u00a0<\/span><\/strong><\/h2>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><strong>What is AEPS?<\/strong><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">AEPS, expanded as Aadhaar Enabled Payment System, is defined as a type of payment method. The service is being offered by the National Payments Corporation of India (NPCI).<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><strong>What is Aadhaar?<\/strong><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">Aadhaar is and unique number that is assigned to residents of India by the Unique Identification Authority of India (UIDAI).<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><strong>Who can use AEPS?<\/strong><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">All Indian residents holding a valid Aadhaar card and a bank account can use this payments service.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><strong>How can a user enable this service ?<\/strong><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">To start using AEPS, first link your bank account with your Aadhaar number. Then, contact your bank and let them know that you want\u00a0AEPS registration free to start using AEPS.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><strong>Should the payee\/beneficiary also have AEPS to receive funds?<\/strong><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">This is not necessary.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><strong>Is it possible to link more than one bank account to your Aadhaar card?<\/strong><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">Yes. This can be done.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><strong>Can those without Aadhaar cards use this service?<\/strong><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">No.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><strong>What type of bank account do you need to have for AEPS?<\/strong><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">The bank account needs to be linked with your Aadhaar.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><strong>What is a business correspondent?<\/strong><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">A business correspondent is nothing but an approved bank agent offering terminal or micro ATM services to banks.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><strong>What is an IIN?<\/strong><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">This is a 6 digit number that helps in the identification process of your bank.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><strong>What is an Aadhar card money withdrawal?<\/strong><\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">\n\n<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\">It is a method by which user withdraw his money via Aadhaar enabled payment system.<\/span><\/p>\n<p><span style=\"font-family: georgia, palatino, serif\"><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Do you want to know How to use Aadhaar Enabled payment system (AEPS)? If yes, then you are in the right place. In this tutorial, you will know all about\u00a0Aadhaar Enabled payment system (AEPS). It\u2019s simple and easy to use Aadhar Enabled payment system for\u00a0Aadhar card money withdrawal. What is Aadhaar Enabled Payment System (AEPS)? [&hellip;]<\/p>\n","protected":false},"author":94,"featured_media":897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,16],"tags":[],"class_list":["post-894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aadhaar-services","category-other-services"],"_links":{"self":[{"href":"https:\/\/www.reilsolar.com\/aadhaar\/wp-json\/wp\/v2\/posts\/894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.reilsolar.com\/aadhaar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.reilsolar.com\/aadhaar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.reilsolar.com\/aadhaar\/wp-json\/wp\/v2\/users\/94"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reilsolar.com\/aadhaar\/wp-json\/wp\/v2\/comments?post=894"}],"version-history":[{"count":0,"href":"https:\/\/www.reilsolar.com\/aadhaar\/wp-json\/wp\/v2\/posts\/894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.reilsolar.com\/aadhaar\/wp-json\/wp\/v2\/media\/897"}],"wp:attachment":[{"href":"https:\/\/www.reilsolar.com\/aadhaar\/wp-json\/wp\/v2\/media?parent=894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.reilsolar.com\/aadhaar\/wp-json\/wp\/v2\/categories?post=894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.reilsolar.com\/aadhaar\/wp-json\/wp\/v2\/tags?post=894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}