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AEPS
AEPS
AEPS stands for 'Aadhaar Enabled Payment System'. Q) How does AEPS work? Aadhaar Enabled Payment System (AEPS) is a bank led model, which allows online financial inclusion transaction at Micro-ATM through the Business correspondent of any bank using the Aadhaar authentication. Easy to use. Safe and secure payment method. Interoperable across various banks. Encourages financial inclusion and serves the underbanked sections of society. Through AEPS, all bank account holders will be able to access their bank accounts through Aadhaar authentication.Your bank account should be linked with Aadhaar if you want to avail this service. If you have more than one account in one bank, only the primary account will be used under AePS. No OTP or PIN is required for making transactions through AePS. AePS supports transactions between Aadhaar linked bank accounts only. .
