AEPS

Aadhaar Enabled Payment System (AEPS) is a secure and convenient way to access banking services using Aadhaar authentication. With AEPS, customers can perform various transactions such as cash withdrawal, balance inquiry, and fund transfer using their Aadhaar number and biometric authentication, ensuring secure and reliable transactions. AEPS promotes financial inclusion by providing banking services to individuals without access to traditional banking channels and is interoperable across banks, allowing customers to access their accounts from any AEPS-enabled outlet. AEPS transactions are free of cost for customers, encouraging the use of digital payments and facilitating the disbursement of government subsidies, pensions, and other benefits directly to beneficiaries' bank accounts.