Best Aadhaar Enabled System for Mini bank in 2020

Understand Aadhaar Enabled System?

Aadhaar enabled payment system (AEPS) is a type of payment system which is basically based on aadhaar card number and enables us for cashless transaction. AEPS is the service that helps us for basic banking actions like money transfer, deposit, withdrawal, balance inquiry, and mini statement. This was the first initiative towards a cashless society from the Indian government.

This project started since January, 2016 in which Indian government-linked all bank accounts with individual aadhaar card numbers as unique identity. This facility enables us to make basic financial actions without going any ATM or bank. You only required your aadhaar card number which shows your unique identity and finger print impression which works as your code or pin. You don’t need to remember any pin code for this.

Step by Step Guide to Use AEPS Service

Go to micro ATM or any bank correspondent (BC) or any shop or centre which have this facility

You have to provide your aadhaar Identity number and bank name

After detailed unique identity number, choose which action you want to perform

Provide verification code as finger print impression through biometric scan machine which is connected to AEPS App or AEPS software

If your finger print approved, your action will be performed

Collect your receipt for your performed action

So basically these are few simple steps that are done for any basic financial action. This is a simple, user-friendly, and secure action which makes this system more reliable. But do you know how really this system works, surely this question is hitting in your mind? Don’t be worry, I am here to solve your query, Keep reading.

So this was the basic knowledge, further here we learn about how to use it properly and how it works and what its benefit and features, Keep reading for interesting knowledge about AEPS which helps you in daily life too. Without waste times I come on point so first we learn how to use it.

Keep Reading: Which is Best AEPS Service Provider Company