What is AEPS Cash Withdrawal?
AEPS (Aadhaar Enabled Payment System) allows customers to withdraw cash using Aadhaar number and biometric authentication. It's a secure and fast way to access your funds from any AEPS-enabled micro-ATM.
What are the benefits of using AEPS for cash withdrawal?
AEPS allows for secure and instant withdrawals without needing a bank card. It's ideal for individuals who don't have access to traditional banking methods or those in remote locations.
Do I need a bank account to use AEPS for cash withdrawal?
Yes, you must have a bank account linked to your Aadhaar number. AEPS uses your Aadhaar and biometric details to authenticate and process transactions.
What documents do I need for AEPS cash withdrawal?
You only need your Aadhaar number and fingerprint for biometric authentication. There are no additional documents required for withdrawing cash through AEPS.
What is the maximum amount I can withdraw using AEPS?
The maximum withdrawal limit may vary depending on the bank. Generally, you can withdraw up to ₹10,000 per transaction. Please check with your bank for exact limits.
How do I perform an AEPS cash withdrawal?
Visit any AEPS-enabled location, provide your Aadhaar number, and authenticate your withdrawal using your fingerprint. The amount will be transferred instantly.
Is AEPS withdrawal safe?
Yes, AEPS uses biometric authentication and is fully secure. Your fingerprint is used as a unique identity, ensuring the transaction is authorized by you.
Can I use AEPS cash withdrawal for online transactions?
No, AEPS is designed for in-person transactions only. It is not yet supported for online purchases. However, you can withdraw cash or perform balance inquiries through AEPS.