Benefits of AEPS for Customers:
Offers cardless cash withdrawals via Aadhaar authentication through the Bill Baro AEPS app or portal. An easy and secure way for cash withdrawals and balance inquiries.
AEPS has been crafted to serve all sections of society, allowing rural communities and elderly urban residents to access fast and reliable basic banking services.
Any bank account holder or customer can access banking services by simply verifying their identity with biometrics and UID numbers, eliminating the need to remember their account number.
• Interoperable across multiple banks.
• The ability to check and download mini statements.
Services Offered by AEPS:
• Cash Withdrawal
• Balance Enquiry
• Mini Statement
How to Use AEPS?
• Visit a Bill Baro outlet correspondent in your area.
• It doesn't matter if you don't remember your bank account; transactions are possible through AEPS.
• Provide your 12-digit Aadhaar number and bank name to the Bill Baro agent.
• Select your transaction type – cash withdrawal, balance inquiry, or mini statement.
• Enter the transaction amount, if applicable.
• Authenticate the transaction using biometrics (fingerprint).
• The transaction is completed in seconds.
The bank agent receives the transaction receipt, and the customer receives an SMS confirmation from the bank.
Activate AEPS at very nominal prices. It's a simple, secure, and easy-to-use platform for financial transactions, provided users link their bank account to Aadhaar.