What is AEPS? AEPS stands for the Aadhaar enabled payment system. This is a new type of payment system in which a bank customer whose Aadhaar card linked with a correspondence bank account, can use basic banking transactions. In short, they can Say, using AEPS, a bank customer can get the advantage of all basic banking services using 12 digit Aadhaar number and fingerprint authentication.
AEPS service is initialized by the reserve bank of India (rbi) and approved by the national payment corporation of India (Nfci). I AIM OF This Service, then create a cashless society in India. AEPS service helps customers to connect with banking services without visiting banks and ATMs.
Now Everyone Can her basic banking services, using AEPS service, by visiting nearby AEPS service providers. This is a very helpful special in rural areas where banks are unable to reach.
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