Aadhaar Enabled Payment System (Aeps) Services: Aadhaar Enabled Payment System (Aeps) is a financial inclusion initiative in India that allows people to carry out basic banking transactions using their Aadhaar number and fingerprint authentication. It is a government-backed system aimed at providing banking services to individuals who may not have easy access to traditional banking infrastructure. Here are some key features and services typically associated with Aeps:
1:- Cash Withdrawals: Aeps enables individuals to withdraw cash from their bank accounts by simply using their Aadhaar number and fingerprint as authentication, eliminating the need for a physical debit card or ATM.
2:- Balance Inquiry: Users can check the balance in their bank accounts linked to their Aadhaar number through Aeps.
3:- Fund Transfer: Some Aeps services also allow for fund transfers, enabling users to send money to other Aadhaar-linked bank accounts.
4:- Mini-Statement: Users can request a mini-statement of their recent transactions through Aeps to keep track of their account activity.
5:- Banking at Local Outlets: Aeps services are often provided through banking correspondents or business correspondents who set up small kiosks or outlets in rural and remote areas, making banking services more accessible to underserved communities.
6:- Security: Aeps transactions are secured through biometric authentication, which adds an extra layer of security to financial transactions.
It's important to note that Aeps services are primarily aimed at promoting financial inclusion and providing banking services to individuals who may not have easy access to traditional banking channels. These services are typically offered by banks, financial institutions, and government agencies in India.
To learn more about the specific Aeps services offered on the URL you provided, you can visit the website directly and explore the information available there.
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