New Delhi : Nowadays people are using online platforms for transactions. From street vendors to big restaurants, you will see scanners installed. Although online payments can be made everywhere nowadays, sometimes we still need cash. It often happens that we go anywhere relying on online but there are some places where online payment facility is not available nor do we have a debit card to withdraw cash from ATM.
Now in such a situation a big problem has arisen. However, in such a situation Aadhar card can be useful for you. Cash withdrawal facility is available from Aadhaar number. This is possible through Aadhaar Enabled Payment System (AePS). How We're here to show you how.
How to withdraw money without ATM?
Visit AEPS supported micro ATMs.
Enter the 12 digit Aadhaar number in the micro ATM machine.
Place finger for biometric authentication.
Now select “Cash Withdrawal” as transaction type.
Enter the amount you want to withdraw.
Withdraw cash from ATM. Receive a receipt after completing the transaction.
What is AEPS?
The full name of AEPS is 'Aadhaar Enabled Payment System'. It provides various banking related services to the customers through Aadhar Card. With the help of this facility, cash withdrawal, balance inquiry and fund transfer can be done. Withdrawal facility through Aadhaar enabled payment system is provided to the customers by National Payments Corporation of India (NPCI).
aeps cash withdrawal limit
The cash withdrawal limit is set by the bank, usually between Rs 10,000 to Rs 50,000. Some banks keep the AEPS service disabled for security reasons. However, this service is available in rural areas and towns.
keep important things in mind
Even if you withdraw cash using this service, there are some important things to keep in mind while doing so.
You should enter Aadhaar number only in those micro ATMs which are authorized.
Always keep the registered mobile number active to monitor every transaction related activity.
Also, when your transaction is complete, take care of the receipt.
Benefits of using AEPS
This is an effective way to withdraw money in areas where major banks do not provide service.
The process of withdrawing payment through Aadhar card is very easy. There is not much hassle in this.
With this, dependence on withdrawing cash from ATM automatically ends.