New Delhi: We have to move away from our home to do most of the bank related tasks. This problem is most commonly seen in rural areas of the country. But now NPCI has come up with Aadhaar enabled payment system AEPS to solve these problems. The system includes the use of biometric information in the UIDAI database for financial transactions, E-KYC, demographic authentication, customer authentication and ease of banking transactions in any corner of the country without any hassle.
Through this service, now you can send money to anyone's account from home, through any Aadhaar and account number. You can open new bank accounts instantly through e-KYC. To open an account, you will have to ask the bank to do e-KYC. Explain that AEPS is 100 percent secure, which makes banking easy and efficient through Aadhaar.
The aim of its service is to bring people living in far flung areas of the country into the mainstream of banking. If you live in a village and your village does not have a bank. If you have to go far away from home for the work of the bank, then through this service, now your work is going to be easy.
To avail this service, you will have to go to the business correspondent of the bank and provide the Aadhaar number, transaction type, bank name and bank amount (amount). After this you will have to give your biometric fingerprint or iris to the micro ATM. After this, the business correspondent will give you a receipt, which you have to keep. After doing this, now you can easily update the balance inquiry, cash withdrawal, cash deposit, mini statement on the mobile number.
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