5. aeps
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The document discusses Aadhaar Enabled Payment System (AEPS), which allows bank-to-bank transactions at point-of-sale devices called MicroATMs using only an Aadhaar number for identification. Through AEPS, individuals can access services like balance inquiries, cash withdrawals, deposits, and funds transfers between Aadhaar accounts with fingerprint authentication from banking correspondents using MicroATMs.
5. aeps
- 1. Aadhar enabled payment system (AEPS) Bharathiar University - VISAKA
- 2. AADHAAR ENABLED PAYMENT SYSTEM (AEPS) Bharathiar University - VISAKA
- 3. Aadhaar Enabled Payment System (AEPS) AEPS allows bank-to-bank transaction at PoS (MicroATM) with the help of Banking Correspondent (BC) Only Aadhar needed Aadhar enabled Services – Balance Enquiry - Cash Withdrawal - Cash Deposit - Aadhaar to Aadhaar Funds Transfer Banking Correspondent (BC) is a certified trained personnel in Banking Services Bharathiar University - VISAKA
- 4. Key Steps for AEPS Transaction GO TO A MICROATM OR BANKING CORRESPOND ENT PROCESS COMPLETED PROVIDE YOUR BANK NAME AND AADHAAR ON SUCCESSFUL TRANSACTION , TAKE THE PRINT SLIP CHOOSE WHICH TRANSACTION TO DO PROVIDE FINGER PRINT ON SCANNER Bharathiar University - VISAKA
- 5. Aadhaar Enabled Payment System Steps Seed your account with your Aadhar number at bank or with the help of banking correspondent Now you can do many transactions at any AEPS point without any pin or password (AEPS points - Micro ATMs) Thumb impression is used for authentication You can do - Account balance - Aadhar to Aadhar fund transfer - Cash withdrawal - Cash deposit - Purchase at Fair Price Shops with AEPS Bharathiar University - VISAKA
- 6. MicroATM Transaction Bharathiar University - VISAKA