Aadhaar Enabled Payment System (AEPS)

Aadhaar Enabled Payment System is a way to get money from the bank account. This system of getting money neither requires your signature nor Debit card. You donít even need to visit a bank branch for getting money through the Aadhaar Enabled Payment System. Rather, it uses Aadhaar data for the authentication.

Benefits of Aadhaar Enabled Payment System

There is no need of signature or debit card.

It is fast and secure. No one can forge your fingerprint.

Our Retailers can reach to the distant rural place with the mPOS.

Transactions Through the AEPS

The Aadhaar Enabled Payment System gives you banking facility on the go. However, It gives you only basic services. These 4 services can be done through the AEPS.

1. Balance Check

2. Cash Deposit

3. Cash Withdrawal

4. Aadhaar to Aadhaar Fund Transfer

Requirements for AEPS

Through the Aadhaar Enabled Payment System, you can get money without producing any paper or card. However, your Aadhaar number should be registered with your bank account. If you did not linked your Aadhaar with a bank account the Aadhaar Enabled Payment System would not be useful to you. For AEPS transaction, you need following information.

1. Aadhaar Number

2. Bank Name

3. Fingerprint

It means, you have to only remember your Aadhaar number to do the bank transaction. It is just like remembering own mobile number.

Why Aadhaar for Authentication

Remember, at the time of Aadhaar enrolment, your fingerprints and iris image were taken. These biometric data gets linked to the given Aadhaar number. These biometric data is unique to a person. No two person have the same iris image or fingerprints. Thus, your Aadhaar number can be verified by your finger prints. This biometric authentication makes Aadhaar the perfect proof for the banking transactions. Indeed, It has replaced the signature.


AEPS gives a lot of convenience to the rural people. It brings the bank to their doorstep and saves much time and transport expense. It would be just like a visit of the ATM at every doorstep. That is why government calls the POS as micro ATM. Using this platform, one can pay to the merchant without the card or mobile. The thumb impression is used for authentication.