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What is AEPS
Cash
Withdrawal?
What is AEPS?
2
AEPS full form is Aadhaar enabled payment system. This is a bank
led model that helps people to perform banking without going bank
or ATM.
AEPS is Aadhaar based banking system that allows all bank
customers to use banking facilities. A bank customer whose
Aadhaar card is linked with bank account, can perform banking
through AEPS.
Today AEPS is most used medium for banking. Most of the
transactions in rural areas are performed through AEPS.
After demonetization and COVID crisis, the importance of AEPS
has increased exponentially.
Importance of AEPS?
There has been a substantial increase in digital transactions over the
last three financial years, with volume growth of 88 per cent since
2018-19, the Ministry of Finance informed the Lok Sabha.
In 2018-19, the volume of transactions was 23.26 billion, which
increased to 34 billion in 2019-20. According to the data shared by the
Ministry of Finance in 2020-21, the volume of transactions surged to
43.7 billion.
Aadhaar Enabled Payment System (AePS) inter-bank transactions
during 2020-21 registered 9-fold growth over the past four years.
3
Source: BusinessToday
AEPS Services
◎ AEPS Cash Withdrawal
◎ AEPS Balance Enquiry
◎ Mini Statement
◎ AEPS Cash Deposit
◎ Aadhaar Pay
◎ AEPS & Express Payout
◎ mATM with mPOS Feature
4
AEPS Cash Withdrawl
Everything about AEPS Cash Withdrawal
1
5
“
AEPS cash withdrawal is the
process of withdrawing money
from bank account by using AEPS
or Aadhaar card.
6
Important
By using AEPS cash withdrawal, you can
withdraw 10,000/- in a day from one bank
account.
7
What You Need to Withdraw Money
through AEPS?
8
oTo withdrawal money using AEPS, first of all your primary bank
account must be linked with Aadhaar Card.
oSecond that you need to withdraw money using AEPS is Aadhaar
card and finger-print impression for authentication.
oYou need mobile number that is linked with your bank account for
receiving confirmation for your AEPS transaction.
So these are all essentials needs that you should have to
withdrawal money using AEPS. Now we will go through
one by one step to withdraw cash.
Steps to Withdrawal Cash using Aadhaar
9
oVisit to your nearby BC (Business Correspondent)
or bank Mitra of any bank
oProvide Aadhaar card number and select bank
oChoose AEPS cash withdrawal as banking
transaction
oFill the amount that you want to withdrawal
oVerify your AEPS transaction through finger-print
authentication
oAfter performing transaction, you will get
confirmation message on mobile phone
I hope this presentation will
help you to understand about
AEPS Cash Withdraw.
Ezulix software is a leading
AEPS service provider
company in India.
We provide fully customized
AEPS software for b2b
business.
For more about AEPS, AEPS
software, AEPS business you
can visit our website or can
apply for a free live demo.
+91-7230086664
10
Thanks!
Any questions?
You can find us at www.ezulix.com
11

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What is aeps cash withdrawal?

  • 2. What is AEPS? 2 AEPS full form is Aadhaar enabled payment system. This is a bank led model that helps people to perform banking without going bank or ATM. AEPS is Aadhaar based banking system that allows all bank customers to use banking facilities. A bank customer whose Aadhaar card is linked with bank account, can perform banking through AEPS. Today AEPS is most used medium for banking. Most of the transactions in rural areas are performed through AEPS. After demonetization and COVID crisis, the importance of AEPS has increased exponentially.
  • 3. Importance of AEPS? There has been a substantial increase in digital transactions over the last three financial years, with volume growth of 88 per cent since 2018-19, the Ministry of Finance informed the Lok Sabha. In 2018-19, the volume of transactions was 23.26 billion, which increased to 34 billion in 2019-20. According to the data shared by the Ministry of Finance in 2020-21, the volume of transactions surged to 43.7 billion. Aadhaar Enabled Payment System (AePS) inter-bank transactions during 2020-21 registered 9-fold growth over the past four years. 3 Source: BusinessToday
  • 4. AEPS Services ◎ AEPS Cash Withdrawal ◎ AEPS Balance Enquiry ◎ Mini Statement ◎ AEPS Cash Deposit ◎ Aadhaar Pay ◎ AEPS & Express Payout ◎ mATM with mPOS Feature 4
  • 5. AEPS Cash Withdrawl Everything about AEPS Cash Withdrawal 1 5
  • 6. “ AEPS cash withdrawal is the process of withdrawing money from bank account by using AEPS or Aadhaar card. 6
  • 7. Important By using AEPS cash withdrawal, you can withdraw 10,000/- in a day from one bank account. 7
  • 8. What You Need to Withdraw Money through AEPS? 8 oTo withdrawal money using AEPS, first of all your primary bank account must be linked with Aadhaar Card. oSecond that you need to withdraw money using AEPS is Aadhaar card and finger-print impression for authentication. oYou need mobile number that is linked with your bank account for receiving confirmation for your AEPS transaction. So these are all essentials needs that you should have to withdrawal money using AEPS. Now we will go through one by one step to withdraw cash.
  • 9. Steps to Withdrawal Cash using Aadhaar 9 oVisit to your nearby BC (Business Correspondent) or bank Mitra of any bank oProvide Aadhaar card number and select bank oChoose AEPS cash withdrawal as banking transaction oFill the amount that you want to withdrawal oVerify your AEPS transaction through finger-print authentication oAfter performing transaction, you will get confirmation message on mobile phone
  • 10. I hope this presentation will help you to understand about AEPS Cash Withdraw. Ezulix software is a leading AEPS service provider company in India. We provide fully customized AEPS software for b2b business. For more about AEPS, AEPS software, AEPS business you can visit our website or can apply for a free live demo. +91-7230086664 10
  • 11. Thanks! Any questions? You can find us at www.ezulix.com 11