Aadhaar Enabled Payment System (AEPS)!

Aadhaar Enabled Payment System is a way to get money from the bank account. This system of getting money neither requires your signature nor Debit card. You don’t even need to visit a bank branch for getting money through the Aadhaar Enabled Payment System.Rather, it uses Aadhaar data for the authentication. Like UPI and USSD, this is another initiative by the NPCI.

Steps Involved

Key steps for AEPS transaction.

Step I: Go to Micro-ATM
Step II: Select option like
  • Cash withdraw
  • Deposit Cash
  • Pay
  • Check Balance
  • Mini Statement
Step III: Enter Pin Number
Step IV: Enter Location Code
Step V: Enter your Adhaar Card Number
Step VI: Scan your finger print
Step VI: See ‘Transaction Successful’ message
Collect Receipt
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What is AEPS?

AEPS is a new payment service offered by the National Payments Corporation of India to banks, financial institutions using ‘Aadhaar’. AEPS stands for ‘Aadhaar Enabled Payment System.

How does AEPS work?

Aadhaar Enabled Payment System (AEPS) is a bank led model, which allows online financial inclusion transaction at Micro-ATM through the Business correspondent of any bank using the Aadhaar authentication. This system is designed to handle both ONUS and OFFUS requests seamlessly in an effective way by enabling authentication gateway for all Aadhaar linked account holders.

Can any customer be a part of AEPS?

Any resident of India holding an Aadhaar number and having a bank account may be a part of the Aadhaar Enabled Payment System.

Does the customer needs to have a bank account for availing AEPS?

Yes, the customer needs to have a bank account for availing AEPS.

What is the process for enabling AEPS?

Customer should have an Aadhaar (Unique ID as issued by UIDAI) number linked with any bank account (bank should be a part of AEPS network) where customer has an account. The registration process shall be as per the procedures laid down by the bank providing AEPS service.

Is the beneficiary customer also required to register for AEPS?


Can AEPS happen within which accounts?

AEPS only support transactions between Aadhar linked Bank Acounts.

What is a Business Correspondent (BC)?

Business Correspondent (BC) is an approved Bank Agent providing basic banking service using a MicroATM (terminal) to any bank customer wishing to avail their bank BC service.