Aadhaar Enabled Payment System (AEPS)

The NetPaisa AePS service enables the customer to use their Aadhaar card to access their Aadhaar-linked bank account and carry out basic banking transactions like withdrawals, balance enquiry, and bank transfers. These transactions can be easily done using a secure Biometric Scanner which is available with all customer service points.

Objective

  • To empower a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled bank account and perform basic banking transactions like cash deposit, cash withdrawal, Intrabank or interbank fund transfer, balance enquiry and obtain a mini statement through a Business Correspondent
  • No peripherals required for customers to make payments like cards and smart phone
  • Through AEPS, all bank account holders will be able to access their bank accounts through Aadhaar authentication

Benefits To Retailers

  • Easy fund transfer
  • Easy Balance Enquiry
  • Safe and secure payment method.
  • Biometric Authentication Process
  • No peripherals required for customers to make payments like cards and smart phone
  • Enables walk-in customers even without a bank account for fund transfers to any bank account anywhere in India.
  • Through AEPS, all bank account holders will be able to access their bank accounts through Aadhaar authentication

Benefits To Customers

  • Easy Cash withdrawal
  • Easy Balance Enquiry
  • Easy get mini statement
  • Safe and secure payment method
  • Biometric Authentication Process
  • No Mobile Phone is required to do transaction
  • Only Aadhaar number and bank account required.
  • Through AEPS, all bank account holders will be able to access their bank accounts through Aadhaar authentication