Now you can withdraw money through Aadhaar card, know what to take care of
Now you can withdraw money through Aadhaar card, know what to take care of
Nowadays it is necessary for everyone to have an Aadhaar card. Without Aadhaar there cannot be many urgent tasks. It is the most important document in the form of a citizen's identity card. Very few people will know that now they can withdraw money from banks' ATMs using Aadhaar. In this way, banking transactions can also be done through Aadhaar. Today, there are a large number of people in the country who do not have ATM card facility. They are doing banking transactions without ATM card or PIN. Learn how money can be withdrawn through Aadhaar.
What is this feature?
The facility of withdrawing money from banks' ATMs through Aadhaar is named Aadhaar Enabled Payment System (AePS). This system has been specially developed to withdraw money from banks' ATMs through Aadhaar, so that those who do not have ATM facility can conduct transactions through it.
 |
| Aadhaar card |
Where can you withdraw money?
Till now people have been withdrawing money at ATMs through debit cards, but now it can be done easily through Aadhaar card. Withdraw cash through Aadhaar based ATM machine is more convenient.
 |
| Aadhaar card |
Can also work
Apart from cash withdrawal, cash deposits, balance checks, withdrawal of mini statements and loan payments can also be done through Aadhaar. Through this, facilities like PAN Card, E-KYC and Loan Distribution will also be provided.
 |
| Aadhaar card |
What is the base AEPS?
Aadhaar based payment (AEPS) has been formulated by National Payment Corporation of India (NPCI). Through this, banks and financial institutions use Aadhaar numbers and UIDAI authentication to provide their services. It has also been recognized by the Reserve Bank of India (RBI). Under this, only the fingerprint and mobile number works as a debit card. Pin is not required for this.
 |
| Aadhaar card |
How Aadhaar Micro ATM works?
Aadhaar functions as a micro ATM point of sale (POS) device. It aims to promote pinless banking. This does not impose any kind of charge on the transaction. Like ATMs, it does not have cash-in and cash-out, but the operator operates the Aadhaar micro ATM.
 |
| Aadhaar card |
Who will get the facility?
For the convenience of withdrawing money from Aadhaar ATM, it is necessary to link Aadhaar to the bank account. If the Aadhaar bank account is not linked, then the benefit of this facility cannot be availed. Aadhaar can be easily linked to the account by going to the branch.
