Get cash at your doorstep with IPPB's AePS service. Your postman becomes your banking hero!
Written by - Prathyush Gupta Designed by- Prince Kumar
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Aadhaar Enabled Payment System uses Aadhaar for secure transactions like cash withdrawals directly from your linked bank account. Photo Credit: Pexels
Visit an IPPB agent with your Aadhaar. Verify your identity through fingerprint or iris scan. Receive cash and confirmation. Photo Credit: Pexels
AePS allows more than cash withdrawals! Check your balance, get mini statements, or transfer funds Aadhaar-to-Aadhaar (depending on your bank). Photo Credit: Pexels
To use AePS, ensure you have an account with a participating bank and your Aadhaar is linked. Photo Credit: Pexels
Biometric verification keeps your transactions secure. Stay informed about scams and protect your Aadhaar details. Photo Credit: Pexels
Get confirmation on the m-ATM screen and an SMS from IPPB. Your bank might also send an alert (if mobile notifications are on). Photo Credit: Pexels
No fees for using AePS access points, but Business Correspondents might have service charges. Ask beforehand. Photo Credit: Pexels
Your bank sets transaction limits based on your profile. There's also a national ceiling of Rs 10,000 per transaction. Photo Credit: Pexels
Doorstep cash withdrawal might be available. Check with IPPB or your local BC for confirmation. Photo Credit: Pexels
AePS promotes financial inclusion by offering secure and convenient banking, especially in underbanked areas.