Best AEPS Portal for Cash Withdrawal Service in 2020

Aadhaar enabled payment system (AEPS) is type of payment system which is basically based on aadhaar card number and enables us for cashless transaction. AEPS is the service which helps us for basic banking actions like money transfer, deposit, withdrawal, balance enquiry and mini statement. This was the first initiative towards cashless society from Indian government.

This project started since January, 2016 in which Indian government linked all bank accounts with individual aadhaar card numbers as unique identity. This facility enables us to make basic financial actions without going any ATM or bank. You only required your aadhaar card number which shows your unique identity and finger print impression which works as your code or pin. You don’t need to remember any pin code for this.

So this was the basic knowledge, further here we learn about how to use it properly and how it works and what its benefit and features, Keep reading for interesting knowledge about AEPS which helps you in daily life too. Without waste times I come on point so first we learn how to use it.

How to Withdrawal Money Using AEPS Service?

Go to micro ATM or any bank correspondent (BC) or any shop or centre which have this facility.

You have to provide your aadhaar Identity number and bank name

After detailed unique identity number, choose which action you want to perform.

Provide verification code as finger print impression through biometric scan machine which is connected to AEPS App or AEPS software.

If your finger print approved, your action will be performed

Collect your receipt for your performed action.

So basically these are few simple steps which are done for any basic financial action. This is simple, user friendly and secure action which makes this system more reliable. But do you know how really this system works, surely this question is hitting in your mind. Don’t be worry, I am here to solve your query, Keep reading.

HOW AADHAAR ENABLED PAYMENT SYSTEM (AEPS) WORKS?Whenever any customer go to micro ATM or any Business correspondent (BC) or any shop or centre which have this facility through AEPS software for any type of transaction. He/she provide unique identity number and bank name for initial action and finger print impression for authentication to the BC. Here BC shares these details with NPCI (National Payments Corporation of India) which check the ID and UIDAI (Unique Identification Authority of India) to confirm the customer identity. It also check funds of connected account and perform the action. So this is the root process of Aadhaar Enabled Payment System (AEPS).

Secure Your Panel Using Video KYC Feature

As fast as technology is growing, unwanted activities similarly increasing. To stop all these unwanted activities and transaction in your business, we have launched Video KYC feature recently in our advanced AEPS portal. This feature will help you to prevent fake profiles in your business portal. To understand its advantage, we have gone through it’s process. Whenever any new members join you as business partner, they have to go through this video KYC feature. In which, they have to authenticate themselves through video KYC function. They can authenticate themselves through Aadhaar card, pan card, voter ID or Passport (one of them). This is an advanced portal security feature which allows you to track your members identity and authenticity with proof.

Keep Reading: https://ezulix.com/aadhaar-enabled-payment-system-aeps.html

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