AEPS is a bank led model which allows online interoperable financial transaction at PoS (Point of Sale / Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank using the Aadhaar authentication.

How to get it:

• Provide KYC (Know Your Customer) information to open a new account
• Aadhaar Number should be linked with bank a/c

Service Activation:

• None
• 1-2 minutes post Aadhaar seeding

What is required for Transaction:

• MicroATM
• Remember Aadhaar
• Give Bank name
• Present self (Aadhaar holder) with Bio-metrics (Finger and/or IRIS)
• Assisted mode

Transaction Cost:

• NIL to customer
• Merchant or BC may get charged or paid based on bank‘s discretion

Disclaimer: The transaction costs are based on available information and may vary based on banks.

Services Offered:

• Balance Enquiry
• Cash Withdrawal
• Cash Deposit
• Aadhaar to Aadhaar funds transfer
• Payment Transactions (C2B, C2G Transactions)

Funds Transfer limit:

• Banks define limit. No limit for RBI.

Disclaimer: The funds transfer limits are based on available information and may vary based on banks.

Service Available from no. of operators:

• 118 banks
• Interoperable