AePS (Aadhaar Enabled Payment System) is a service offered by NPCI (National Payments Corporation of India) which allows online interoperable financial transactions between banks by using the Aadhaar authentication. Any customer having Aadhaar enabled accounts can perform transactions in their account through any Branch or BC / CSC points.
AePS is a payment service empowering a bank customer to use Aadhaar as his / her identity to access his / her respective Aadhaar enabled bank account to perform transactions up to Rs. 10,000/- like
» Balance enquiry
» Cash deposit
» Cash withdrawal
» Aadhaar enabled Payment System facilitate disbursements of Government entitlements like MGNREGA, Social Security pension, persons with physically challenged, Old Age Pension etc. of any Central or State Government bodies, using Aadhaar authentication.
» Old Age Pension will be directly disbursed at beneficiary doorstep through Banking Correspondent.