Aadhaar Enabled Payment system (AEPS) is a secured payment method by the National Payment Corporation of India (NPCI) that allows aadhar linked bank account holders to avail basic banking services such as Balance Enquiry & Cash withdrawl.
Benefits of AEPS
- Offers cardless cash withdrawls via Aadhar authentication by Paymarks portal and app.
- Easy and secure way for cash withdrawl and balance enquiry service.
- Any bank account holder or customer can access banking services by supplying their identity with the help of biometric and Aadhar number without having to remember account number.
- Interoperable across multiple banks.
Services offered by AEPS
- Cash withdrawl
- Balance Enquiry
- Cash Deposit.
- Mini Statement.
- Aadharpay.