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Aadhar Enable Payment System

Why Aadhaar for Authentication

When Aadhaar was launched in India, all individuals were asked to provide their biometric data which includes your fingerprints and iris image. The biometric data collected is unique to every individual and thus cannot be duplioated. This is why Aadhaar is used for authentication as your Aadhaar number is unique and therefore acts as a proof for the banking transactions. In fact, nowadays, Aadhaar has now replaced signatures and physical document submission process.

Customers can check their account balance through numerous methods. Balance Enquiry is offered through its mini statement, mobile banking, net banking This facility is available to all the customers who have registered their mobile number with the bank. Checking your account frequently helps you see where you stand as well as spot problems (like fraud or errors) before they get out of hand. Once you view your balance, be sure you understand the difference between the account balance and your available balance.

What are the transactions supported by AEPS?

  • Balance Enquiry.
  • Cash Withdrawal.
  • Cash Deposit.
  • Fund Transfer.
  • Aadhaar to Aadhaar Fund Transfer.
  • eKYC – Best Finger Detection/IRIS Detection.

Requirements for AEPS transactions?

  • Aadhaar Number.
  • Bio-metrics -Fingerprint.
  • Name or Bank IIN or Issuer Identification Number.
  • Micro ATM.
  • Assisted mode.

Benefits of AEPS?

  • Using AEPS, bank account holders will be in a position to access their accounts in banks through Aadhaar authentication.
  • With AEPS digital India payments, the only prerequisite needed for initiation of a transaction is Aadhaar number and the respective biometric information.
  • Very easy usage.
  • Completely safe and protected method of payment.
  • Interoperable across many banks.
  • AEPS eases the payments of many Government schemes like Social Security pension, NREGA Handicapped Old Age Pension, etc. of Central Government or State Government bodies by way of Aadhaar authentication.

How to use Aadhaar Enabled Payment System?

  • Step 1: You need to visit the nearest banking correspondent in your zone. Take note here is that he or she doesn’t have to have to be a correspondent from your bank only.
  • Step 2: After the above step, you would be required to enter your 12-digit Aadhaar number of the Unique Identity Number stated in your Aadhaar Card in the POS- Point of Sale machine.
  • Step 3: Choose the type of transaction which you want to do- Cash withdrawal, Cash deposit, Intrabank or Interbank fund transfer, Obtain a mini statement, Balance inquiry.
  • Step 4: Select the name of the bank.
  • Step 5: Fill in the amount of the transaction.
  • Step 6: Authenticate the transaction by giving your biometrics like a fingerprint or your iris scan.

Why partner with us ?

  • Recharge 2 Earn AEPS is a platform to provide unbiased access to opportunities.
  • We provide the best technological know-how to promote entrepreneurship.
  • We help develop a recurring earning potential.
  • We enable people to become self reliant even with minimal skill set.
  • We help maintain of work/home balance.
  • We offer a zero stress work environment.
  • We help you become your own Boss.

What sets us apart?

  • Immediate on boarding
  • Quick service delivery
  • All device compatibility
  • Web & Mobile App based service transactions
  • Real time commission payout
  • Our tailor-made business plans
  • Our urban & rural existence

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