Aeps Pe

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.

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

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.

Service Available from no. of operators:

118 banks

Interoperable