SANVI GST SUVIDHA KENDRA Wakad, Pune 2020 (Approved by Govt.): What is AePS?

What is AePS?

· Visit your nearest bank friend or you can also call him at your home (if it is possible to do so).

· Enter your Aadhaar number in the machine with the Bank Mitra or hold your Aadhar card to the Bank Mitra.

· Then select the type of transaction:

1. Cash withdrawal

2. Cash deposit

3. fund transfer

4. Balance inquiry

5. Mini Description

· Now choose your bank or get a bank friend.

· Enter the transaction amount.

· Verify your identity by applying your fingerprint or by taking a picture of the pupil.

· The transaction will be completed once the identity is confirmed. Do not forget to take your response.

Aeps is a base-based installment framework. Which encourages consideration of between money related financial exchanges. It has been created by NPCI (National Payment Corporation of India) on the exhortation of Reserve Bank of India and Member Banks. The motivation behind which is to give banking administrations in regions denied of banking.

Territories that don't have bank offices. This Aadhaar-Based Payment System has end up being an aid for the individuals of those zones. Since, presently the banks have come to them. They don't have to go to the bank.

Indeed, NePS is utilized with the assistance of a Bank Correspondent - BC. Bank BC has a Micro ATM/PoS machine with a biometric gadget connected.

The client enters his Aadhaar number and confirms the ID with thumb or eyeball photograph by expressing the store/withdrawal sum. When the personality is affirmed.

How to use AEPS.