Aadhaar Enabled Payment System

Aadhaar Enabled Payment System

Aadhaar Enabled Payment System (AEPS) is a secure and reliable payment mechanism developed by NPCI that enables customers to transact from their Bank account using an Aadhaar number and biometric authentication. AEPS is a government initiative that aims to provide financial inclusion to all citizens by offering basic banking services in a cost-effective manner.

 

AEPS Aadhaar Payment Service

AEPS stands for Aadhaar Enabled Payment System. It is a payment mechanism that allows customers to perform basic banking transactions like cash withdrawals, balance enquiry, mini statements and cash deposits using their Aadhaar number and biometric authentication. The service is available 24/7, making it convenient for users to transact anytime, anywhere.

 

BANKIT's AEPS is available all over India at retail outlets and banking points, making banking services more accessible wherever you are.

Your transactions are safe and secure with biometric authentication, ensuring peace of mind every time you use it.

 

BANKIT AEPS Portal: Your Gateway to Seamless Transaction

BANKIT has an AEPS online portal that enables users to access their account and perform transactions using their Aadhaar number and biometric authentication.

Visit the BANKIT AEPS portal and get all AEPS related services in one place. Registering for your AEPS ID is quick and easy, setting you up for effortless banking.

 

How to do AEPS Id Registration-

Follow these simple steps to finish the registration procedure and become a BANKIT business correspondent.

  • Visit the BANKIT's website registration page: BANKIT Agent registration  or you can download the BANKIT agent app: BANKIT Agent App
  • Choose your plan as per your requirement with minimum payment of Rs. 350.
  • Complete your KYC & physical verification after payment.
  • Once your registration is complete, you'll receive your unique agent ID, which you can use to access a range of banking services.
  • Enjoy the convenience of AEPS for hassle-free transactions anytime, anywhere.

 

What are AEPS Transactions?

Aadhar Enabled Payment System (AEPS) is a payment service that allows customer to use their Aadhaar card as their identity proof and to access their Aadhaar enabled bank account and perform basic banking transactions like cash withdrawals, balance enquiry and money transfer.

 

Is AEPS Transaction Safe?

AEPS or Aadhaar Enabled Payment System is a safe & secure payment method provided by The National Payments Corporation of India (NPCI). That allows users with bank accounts connected to Aadhaar to make payments through Aadhaar-based authentication. Hence ensuring safe transaction.

 

Is AEPS a UPI?

AEPS stands for Aadhaar Enabled Payment System while UPI stands for Unified Payment Interface. Both are the digital payment services which are an initiative by NPCI (National Payment Corporation of India) to make Cashless society under digital India project.

 

What is AEPS?

AEPS stands for Aadhaar Enabled Payment System. It is a payment mechanism that allows customers to perform basic banking transactions like cash withdrawal, balance enquiry, mini statement and cash deposit using their Aadhaar number and biometric authentication. The service is available 24/7, making it convenient for users to transact anytime, anywhere.

BANKIT AEPS (Aadhaar Enabled Payment Service) has changed the way how people deal with banking services. BANKIT AEPS Cash Withdrawal makes it easy to get cash using only your Aadhaar number and fingerprints. It is safe, secure, and convenient way to get your cash without using your physical debit card. You just need Aadhaar number and biometric.

AEPS Transaction includes various types of financial services like cash withdrawal, balance enquiry, and money transfer using their Aadhar Card number and bio metric authentication. You can avail all these services from AEPS enabled banking correspondent or agent.

 

Reasons to Choose BANKIT AEPS Services.

Keep your customers safe and secure - Keep your customers safe – You can assure your customers that their transactions are safe and secure with BANKIT AEPS Aadhaar Payment Service. Using unique Aadhaar biometrics through fingerprint, we authenticate transactions, providing an additional layer of security. BANKIT AEPS Aadhaar Payment Service ensures that only the real owner has access to their money, which protects them from fraud and illegal activity.

 

Offer convenience to your customers - With BANKIT AEPS Aadhar payment service, you can make banking easy and convenient for your customers. With AEPS, they can easily handle their banking needs right at their agent location. All they need is their fingerprint and Aadhaar, removing the headache of dealing with paperwork or remembering difficult passwords.
 

24*7 availability – Through BANKIT AEPS portal you can provide basic banking services to your customers anytime, anywhere. They can use their Aadhaar number and biometric authentication to make transactions 24/7, even in remote areas where traditional banking services are scarce.

 

Cost effective - With BANKIT portals, you don’t have to worry about high fees or hidden charges. They come with minimal or no cost, making everyday banking more affordable and accessible for your customers.

 

Accessible - With BANKIT AEPS Aadhaar payment services, you can provide banking services to even the most remote areas, ensuring that no customer is left behind in India's journey towards financial inclusion. All you need is your customer's Aadhaar card and fingerprint to offer them basic banking services like cash withdrawal and balance enquiry.

 

Frequently Asked Questions

 

What is AEPS Full Form in Banking?

The full form of AEPS is Aadhaar Enabled Payment System.

 

What is AEPS Full Form in Hindi?

 

What is Aadhaar Based Payment System (ABPS)?

Aadhaar-based Payment System (ABPS) is based on unique identification number that allows user to use their fingerprints linked to Aadhaar for banking services.

 

What is meant by AEPS Cash Withdrawal (CW) Message?

After customers withdraw cash using Aadhaar-enabled Payment System, they'll get a message confirming it. This message tells them how much they withdrew, when, and if there were any charges. It's like a digital receipt, showing the transaction was done right.

 

What is AEPS CW Txn Full Form?

AEPS CW Txn simply means withdrawing cash from the bank account using Aadhaar authentication. It's an easy way for your customers to get cash without any hassle.

 

How to do AEPS Balance Enquiry?

With AEPS balance enquiry feature, customers can easily check their bank account balance. They just need to visit their nearby agent or business correspondent and verify with their Aadhaar biometrics and in seconds they can get real time balance enquiry.

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