AEPS - Cash Withdrawal

AEPS - Cash Withdrawal

Aadhaar Enabled Payment System (AePS) is a National Payments Corporation of India-supported payment method. AePS is a payment system assisting banks and financial institutions in providing a one-stop solution for every banking need of a person who is underbanked, unbanked or belongs to a migrant population in India. AePS service is provided by Business Correspondents (Agents/ Service Providers) appointed by financial institutions who act as a mediator between banks, financial institutions and customers.

The services provided by BANKIT with regard to online banking are many. But one of the most popular is the provided Govt. AePS Portal. The government-backed BANKIT AePS Portal is a unique platform that allows you to help your customers to withdraw cash from their bank accounts using their Aadhaar. To impart the AePS service, BANKIT enables you to use the AePS portal login or BANKIT Agent App, which is considered the best AePS App by the users. If you want to start providing cash withdrawal services to people in your locality, you can get started by becoming a BANKIT Agent, who can register on our platform in just a few minutes. And, if you are the first one in your area to start providing this service, people will come to know about it, and they will be able to deposit and withdraw cash through it. The best part is that BANKIT will charge you only Rs. 350/- as a one-time registration fee and make you increase your monthly income up to Rs. 50,000/- by offering you a commission of up to Rs. 10/- on each cash withdrawal through AePS.

Features of AePS

  • Aadhaar Linked  
  • Safe and Secure 
  • Instant and Quick
  • Verified and Reliable


What Services Do AePS Offer?

AePS is an Aadhaar payment system in which Aadhaar, which is linked to people’s banks is used for various banking services like-

  • Cash Withdrawal
  • Cash Deposit
  • Balance Enquiry
  • Mini Statement


Why AePS is Helpful?

AePS cash withdrawal is highly useful in rural areas where no banking services are easily available. Apart from the service of Aadhaar money withdrawal online, AePS helps the people who don’t have the access to banks in their areas in various ways like-

  • It enables people to withdraw cash without cards.
  • Any person who has a bank account can enjoy cash withdrawal, cash deposit and other banking facilities easily like AePS balance enquiry.
  • AePS also enables farmers to withdraw DBT and other Government relief funds from their Aadhaar linked accounts instantly.


How Does AePS Work?

Aadhaar Enabled Payment System is an automated method through which a person is delivered multiple banking services. Hence-

  • Every AePS transaction is done using a biometric device on which the fingerprint of a person is verified.
  • After a person provides his/her Aadhaar number and bank name to the service provider, he/she becomes eligible for an Aadhar withdrawal.
  • In the end, a receipt of the transaction made is printed and handed over to the customer as a record of the transaction.


What are the Benefits of Becoming AePS Service Provider of BANKIT?

BANKIT enables you to become an AePS service provider in your area. After getting associated with BANKIT, you will get a complete AePS registration online, and then you can turn your shop into a banking point to provide banking services to the people of your locality.

Being a BANKIT’s AePS service provider, you will get-

  • An AePS Portal to check the transactions made by you.
  • Attractive commissions on every AePS transaction you will make.
  • Easy settlement of your funds and commissions.
  • Biometric devices at the most affordable charges from BANKIT.


How To Use BANKIT’s AePS Service?

BANKIT provides two very incredibly easy ways to use its AePS service.


AePS service encourages a bank customer to use his/her Aadhaar as identity proof and access his/her Aadhaar linked bank account to avail himself of banking services. So, through BANKIT you can become a source of providing solutions of banking needs to people who need them. BANKIT provides you with its official BANKIT app, which acts as an AePS app making you deliver banking services at the utmost convenience and profitability.