AePS (Aadhaar Enabled Payment Service) Through iPPB Details
What is Aadhaar Enabled Payment Services? Aadhaar Enabled Payment System (AEPS) is a payment service that allows a bank customer to use Aadhaar as his/her identity to access his/her Aadhaar enabled bank account and perform basic banking transactions like balance enquiry, cash deposit, cash withdrawal and remittances. What is important for AEPS to work? The customer looking to avail AEPS should mandatorily: a) Have a Bank Account with a Bank participating in AEPS b) His / Her Aadhaar should be linked to his/her Bank account with other Bank. C) Transaction is completed using his/her biometric authentication only. What all services are covered under AEPS offering? •Cash Withdrawal •Cash Deposit * •Balance Enquiry •Mini Statement ...