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.

Instructions to get it:

Give KYC (Know Your Customer) data to open another record

Aadhaar Number ought to be connected with bank a/c

Administration Activation:

None

1-2 minutes post Aadhaar cultivating

What is needed for Transaction:

MicroATM

Recollect Aadhaar

Give Bank name

Present self (Aadhaar holder) with Bio-measurements (Finger and additionally IRIS)

Helped mode

Exchange Cost:

NIL to client

Vendor or BC might get charged or paid dependent on bank’s tact

Disclaimer: The exchange costs depend on accessible data and may fluctuate dependent on banks.

Administrations Offered:

Equilibrium Enquiry

Money Withdrawal

Money Deposit

Aadhaar to Aadhaar supports move

Installment Transactions (C2B, C2G Transactions)

Assets Transfer limit:

Banks characterize limit. No restriction for RBI.

Disclaimer: The subsidizes move limits depend on accessible data and may shift dependent on banks.

Administration Available from no. of administrators:

118 banks

Interoperable

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