Aeps services has made the life convenient and easy for the people. Through this aeps system one can withdraw cash and enquire about bank balance using aadhaar number and fingerprint. The transaction can be easily done using the biometric scanner system. The bank account should be linked with the aadhaar card number so that one can easily access to it.
IServeU aims to provide hassle free banking service to the nation. It is very much beneficial for local retailers and customers like if any of them wants to do the banking transactions then one can go to the nearby local retailer store and the retailer will connect the UIDAI certified biometric device with his computer or android smartphone and the customer can carry out with the transactions. The aadhaar card money withdrawal allows the customers to withhdraw cash or transfer money to any bank account in India. With the help of the aeps system one can send funds from one bank account to another.
To know if the transaction is successfully completed then here are some of the steps of Aeps transaction.
The Aadhaar cash withdrawal service allows people to withdraw cash from your bank account without going to any bank. Now one can easily go to the nearby retailer shop and withdraw cash just by providing Aadhaar number, bank name and fingerprint verification.
The aeps payment system is available during the holidays and there is also immediate settlement to the wallet and there is also no extra charge for the customer because the aeps system allows the merchant to accept the payment.
Aadhaar based payment system works at point of sale and there is also a limit on transaction made through Aeps.
AEPS exchange cost is nil for you as a client and you need not pay anything to profit of this administration. The Merchant or Banking Correspondent might be charged or paid upon the bank ‘s choice. The exchange cost is separated between the accompanying areas:
UIDAI charge an extremely negligible expense
NPCI charge 15 paise to 25 paise for the settlement
Banks may charge till 1% of the specific exchange. The base charges are INR 5 and the most extreme are INR 15
AEPS is only an Aadhaar-empowered instalment system with the help of Aeps you can perform numerous banking transactions interbank or Intrabank cash transfer, making cash withdrawals, saving money, enquiring about your bank balance, and so on AEPS Is a straightforward, safe and easy to use for all your transactions.
Aeps registration process:
Step 1: visit the nearest banking correspondent in your zone. He or she should not have to be a correspondent from your bank only
Step 2: you would be required to enter your 12-digit Aadhaar number of the Unique Identity Number in your Aadhaar Card in the POS- Point of Sale machine.
Step 3: Choose the type of transaction you want to do- Cash withdrawal, Cash deposit, Intrabank or Interbank fund transfer, Obtain a mini statement, Balance inquiry
Step 4: Select the name of the bank.
Step 5: Fill in the amount of the transaction
Step 6: Authenticate the transaction by giving your biometrics like a fingerprint or your iris scan
Step 7: The transaction will be completed in no time, after which you can collect the respective receipt
Aeps is developed by the NPCI which allows the customers to do various transactions like cash deposit , balance enquiry etc.
The aeps service provider company are:
Aadhaar payment bridge system is one of the unique payment system by NPCI. It uses aadhaar number as an important key for electronically channelizing the government advantages (benefits) and subsidies in the Aadhaar Enabled Bank Accounts of the intended beneficiaries.
Aeps White Label means it has no label . You can name it by yourself like the brand name and logo.
Few facts about Aeps White Label:
Aeps aims to empower all sections of the society by helping financialy.
AEPS is a bank driven model which permits online interoperable monetary exchange at PoS (Point of Sale/Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank utilizing the Aadhaar confirmation. iServeU is providing AEPS services with two banks and user can start aeps service with self-authentication.
Aadhaar Enabled Payment System is an installment administration engaging a bank client to utilize Aadhaar as his/her character to get to his/her separate Aadhaar empowered ledger and perform essential financial exchanges like parity enquiry, money store, money withdrawal, settlements through a Business Correspondent. unde aadhar enabled payment system services available like balance enquiry, adhar to adhar fund transfer, cash withdrawl,cash deposit, money withdrawal and BFD.
At the end of the AEPS transaction, a money receipt will be generated with a successful message and through that one can to know that the transaction is successfully completed and the customer will receive from IPPB as well as his/her bank if it is registered for mobile alerts.
Much the same as by only realizing your financial balance number, one can’t pull back cash from your record, also by only realizing your Aadhaar number, nobody can pull back cash from Aadhaar connected ledger.Yes we can withdraw money using aadhaar card money withdrawal which is linked with the bank.
benefits of aeps service portal is that customer can withdraw money through a single tip without visiting bank or atm with commissio. Customer aslo don’t need adhar card to use all services and also don’t need to remember password or pin , it is easy and fast method of transaction.
Yes it is possible to link bank account with Aadhaar card with the AEPS service providing bank. By visiting the bank’s office, you can get your Aadhaar connected with your ledger. … The bank will take a couple of days to handle the connecting of your financial balance and Aadhaar number. 5. When the connecting is done effectively, you will get an affirmation message on your enlisted portable number.
The daily limit of Aadhaar cash withdrawal depends upon the bank (total- 50,000 per day). AEPS is only an Aadhaar-empowered installment framework through which you can move reserves, make installments, store money, make withdrawals, make enquiry about bank balance, and so forth.
Yes the customewr need to register if the aadhaar enabled facility is not available from the bank for AEPS payment system. Bank account should be linked if a customer wants to avail the service, no otp or pin is required for making transaction through aeps and also multiple bank accounts can be linked with aadhaar to avail aeps facility. Aeps supports transactions between aadhaar linked bank accounts only.
One can check Aadhaar card payment with the Aadhaar based payment system by providing Aadhaar number and self bio-authentication using biometric device. And also for this situation, it is prescribed to get your aadhaar status checked, for all your EIDs by tapping on check aadhaar status.
one can get to use Aeps software by self registration or unboarding for aeps service with iServeU.AEPS is a bank driven model which permits online interoperable money related exchange at PoS (Point of Sale/Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank utilizing the Aadhaar validation.