Aadhar Enabled Payment System
The Aadhaar Enabled Payment System (AEPS) is a revolutionary banking service in India that empowers individuals to access financial services using their Aadhaar number and biometric authentication. AEPS allows people, especially those in rural and underserved areas, to conduct basic banking transactions without the need for a physical bank visit, debit card, or internet connection.
With AEPS, users can:
Withdraw and deposit cash
Check account balance
Transfer funds between accounts
Access mini statements