AEPS

Aadhar Enabled Payment System(AEPS) is a way to make financial transactions from the bank account with the help of your biometric authentication. This system neither requires your signature nor Debit/- credit card. Visiting a bank for getting money is not required through the AEPS. Rather, it uses Aadhar Card data for the authentication. It’s another initiative by the NPCI (National Payments Corporation of India)

Features

  • Enable Customers of any bank to Withdraw Cash. The BC physically
    hands-over the cash to the Customer
  • Enable Customers of any bank to Deposit Cash. The BC physically
    accepts the cash from the Customer and credits the Customer’s Account
    immediately.
  • Enables customer of any bank to do Balance Enquiry from their bank
    account.

Benefits to Retailer

Transaction Amount

Rs.101 to Rs.500
Rs.501 to Rs.1999
Rs.2000 to Rs.10000

Commission

0.10%
0.20%
Rs.4

Documents Required

– Pancard
– Bank pass book Scanned copy

– Aadhar Card
– 2 photos

Activation process

  • All8one office receives Application Form + KYC Documents + Registration Fees
  • Training Session
  • Ready for business!!!