AEPS (Aadhaar Enabled Payment System) is a secure and convenient payment service offered by banks and financial institutions in India. It allows basic banking transactions using the Aadhaar number and biometric authentication. AEPS is especially useful in rural and semi-urban areas where traditional banking infrastructure may be limited.

Key Features:

⦁ No need for a debit or credit card.

⦁ Aadhaar-based biometric verification ensures security ⦁ Accessible through micro ATMs and Point of Sale (PoS) terminals.

Services Offered :

1. Cash Withdrawal : Withdraw money using Aadhaar authentication.

2. Mini Statement : A minimum statement typically refers to the least amount of information required in a financial, legal, or technical context.

3. Balance Enquiry : Check account balance.

5. Aadhaar Pay : Simplifies merchant transactions using Aadhaar authentication.