Aadhaar Enabled Payment System

Aadhaar Enabled Payment System


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

AEPS is an Aadhaar-enabled payment system .With the help of AEPS you can perform many basic banking transactions like making several payments, interbank or Intrabank money transfer, making withdrawals, depositing cash, enquiring about your bank balance, etc. AEPS is a simple, safe and user friendly platform for all your financial transactions.

What is an Aadhaar?

An Aadhaar is a 12-digit unique number issued by the UIDAI(Unique Identification Authority of India) to the Indian residents.

  • Services Offered by AEPS
  • Cash Withdrawal
  • Cash Deposit
  • Balance Enquiry
  • Aadhaar to Aadhaar Fund Transfer
  • Mini Statement
  • Best Finger Detection

Benefits of AEPS

  • Very easy usage 
  • Completely safe and protected method of payment
  • Interoperable across many banks
  • 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.

Steps to use AEPS

Step 1: Go to a micro ATM or banking correspondent

Step 2: Provide Aadhaar number and bank name

Step 3: Choose the type of transaction you want to make

Step 4: Provide verification through fingerprint/iris scan

Step 5: Collect your receipt 

Working of AEPS

The AEPS machine works like a Point of Sale (POS) machine. Instead of a debit/credit card pin, the merchant will have to key in the customer’s Aadhaar number and authenticate the transaction using the customer’s biometric data.

Requirements for AEPS transactions:

  • Bank’s Issuer Identification Number (IIN) or name
  • Aadhaar Number
  • Fingerprint 



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