The document discusses Aadhaar Enabled Payment System (AEPS), which allows bank-to-bank transactions at point-of-sale devices called MicroATMs using only an Aadhaar number for identification. Through AEPS, individuals can access services like balance inquiries, cash withdrawals, deposits, and funds transfers between Aadhaar accounts with fingerprint authentication from banking correspondents using MicroATMs.

1. Aadhar enabled payment system
(AEPS)
Bharathiar University - VISAKA

2. AADHAAR ENABLED PAYMENT SYSTEM (AEPS)
Bharathiar University - VISAKA

3. Aadhaar Enabled Payment System (AEPS)
AEPS allows bank-to-bank
transaction at PoS (MicroATM)
with the help of Banking
Correspondent (BC)
Only Aadhar needed
Aadhar enabled Services
– Balance Enquiry
- Cash Withdrawal
- Cash Deposit
- Aadhaar to Aadhaar Funds
Transfer
Banking Correspondent (BC) is a certified trained personnel in Banking Services
Bharathiar University - VISAKA

4. Key Steps for AEPS Transaction
GO TO A
MICROATM
OR BANKING
CORRESPOND
ENT
PROCESS
COMPLETED
PROVIDE
YOUR BANK
NAME AND
AADHAAR
ON
SUCCESSFUL
TRANSACTION
, TAKE THE
PRINT SLIP
CHOOSE
WHICH
TRANSACTION
TO DO
PROVIDE
FINGER PRINT
ON SCANNER
Bharathiar University - VISAKA

5. Aadhaar Enabled Payment System Steps
Seed your account with your
Aadhar number at bank or with
the help of banking
correspondent
Now you can do many
transactions at any AEPS point
without any pin or password
(AEPS points - Micro ATMs)
Thumb impression is used for authentication
You can do
- Account balance
- Aadhar to Aadhar fund
transfer
- Cash withdrawal
- Cash deposit
- Purchase at Fair Price Shops
with AEPS
Bharathiar University - VISAKA

6. MicroATM Transaction
Bharathiar University - VISAKA