Aadhaar Enabled Payment System (AEPS)

Aadhaar Enabled Payment System (AEPS)


AEPS is a bank drove show which permits online interoperable monetary exchange at PoS (Point of Sale/Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank utilizing the Aadhaar validation.


aadhaar-enabled-payment-system-aeps, getallatoneplace

Instructions to get it:

  • Provide KYC (Know Your Customer) information to open a new account
  • Aadhaar Number ought to be connected with bank a/c

Service  Activation:

  • None
  • 1-2 minutes post Aadhaar seeding

What is required for Transaction:

  • MicroATM
  • Remember Aadhaar
  • Give Bank name
  • Present self (Aadhaar holder) with Bio-measurements (Finger and additionally IRIS)
  • Assisted mode


Transaction  Cost:

  • NIL to customer
  • Merchant or BC may get charged or paid in view of bank’s tact


Administrations Offered:

  • Balance Enquiry
  • Cash Withdrawal
  • Cash Deposit
  • Aadhaar to Aadhaar reserves exchange
  • Payment Transactions (C2B, C2G Transactions)


Key steps for AEPS Transaction

  1. Go to a microATM or banking correspondent
  2. Provide your bank name and Aadhaar
  3. Choose which transaction to do
  4. Provide finger print on scanner
  5. On successful transaction, take the print slip
  6. Process completed



Funds Transfer limit:

  • Banks define limit. No limit for RBI.


Benefit Available from no. of administrators:

  • 118 banks
  • Interoperable



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