How do I open an AePS account ?
Aadhaar Enabled Payment System (AEPS) is not a separate account or service, but rather a payment system that is linked to your existing bank account. Therefore, to use AEPS, you need to have a bank account and link it with your Aadhaar number.
Here are the steps to link your bank account with your Aadhaar number for using AEPS :
- Visit your bank branch and fill out the Aadhaar linking form.
- Provide your Aadhaar number, bank account number, and other relevant details as requested.
- Provide your biometric details such as fingerprints or iris scans for authentication purposes.
- Once your Aadhaar is successfully linked with your bank account, you can use AEPS services such as cash withdrawals, balance inquiries, and funds transfers.
It is important to note that different banks may have slightly different processes for linking Aadhaar with your bank account. It is recommended that you check with your bank for the exact procedure and any documentation that may be required.
Additionally, it is important to keep your Aadhaar and banking details confidential and not share them with anyone to avoid the risk of fraud or identity theft.
How do I withdraw money from AePS ?
To withdraw money from Aadhaar Enabled Payment System (AEPS), you need to follow these steps:
- Visit a nearby AePS-enabled banking agent or ATM.
- Select the "AePS" option on the screen.
- Enter your Aadhaar number.
- Choose the type of transaction, i.e., cash withdrawal.
- Enter the amount you want to withdraw.
- Provide your biometric details for authentication purposes, such as fingerprint or iris scan.
- Once your authentication is successful, the amount you requested will be dispensed from the ATM or handed over to you by the banking agent.
It is important to note that there may be a limit on the amount of cash that can be withdrawn per transaction or per day, as determined by your bank. You should also ensure that you have sufficient balance in your account to cover the withdrawal amount and any associated charges.
AEPS provides a convenient and secure way to withdraw cash from your bank account using your Aadhaar number and biometric authentication. It is a popular payment system in India, especially in rural areas where traditional banking services may not be available.
Which Aeps service is best ?
As Aadhaar Enabled Payment System (AEPS) is a payment service offered by various banks and financial institutions in India, the quality and features of the service may vary from one provider to another. Therefore, it is difficult to determine which AEPS service is the best as it largely depends on individual preferences and requirements.
However, some factors that could help in evaluating the effectiveness of an AEPS service include transaction fees, ease of use, availability of agents or ATMs, and transaction limits. It is recommended that you compare the different AEPS services offered by various banks and financial institutions and choose the one that best meets your needs.
It is also important to ensure that you use the AEPS service securely and protect your Aadhaar and banking details from unauthorized access or misuse. Always use AEPS at authorized and secure locations and avoid sharing your personal information with anyone.
What is the limit and charges for AEPS transaction ?
The limit and charges for Aadhaar Enabled Payment System (AEPS) transactions may vary depending on the bank or financial institution offering the service. Here are some general guidelines:
Transaction limit :
- The maximum transaction limit for AEPS cash withdrawal is usually Rs. 10,000 per transaction, subject to a daily limit of Rs. 20,000 per customer.
- The maximum transaction limit for AEPS balance inquiry and funds transfer is usually Rs. 10,000 per transaction, subject to a daily limit of Rs. 25,000 per customer.
Transaction charges :
- The transaction charges for AEPS may vary from one bank or financial institution to another. Some banks may offer AEPS transactions free of charge, while others may charge a nominal fee.
- The charges for AEPS cash withdrawals are usually lower than those for using debit cards at ATMs.
- The charges for AEPS balance inquiry and funds transfer may also vary depending on the type of account and the transaction amount.
It is recommended that you check with your bank or financial institution for the exact transaction limits and charges for AEPS. Additionally, it is important to keep your Aadhaar and banking details confidential and not share them with anyone to avoid the risk of fraud or identity theft.
.webp)
0 Comments