AEPS Tips- With AEPS technology, you will be able to withdraw money without an ATM card, know full details about it

In today's digital age, the smartphone has become an important part of our lives, today the trend of online transactions has increased with your smartphone, today you can make payments at the smallest and largest showrooms through UPI, in this era of online transactions, sometimes we need cash, but if you do not have cash, then you have to turn to ATM, but if we do not have an ATM card, then it is a problem, but to deal with such a situation, the government has started Aadhaar Enabled Payment System (AEPS), due to which, cash withdrawal can be done in a convenient and secure way. Let's know its complete details.

How to withdraw cash without an ATM

Go to Micro ATM: Locate a micro ATM that supports AEPS.

Enter your Aadhaar number: Enter your 12-digit Aadhaar number in the machine.

Biometric authentication: Place your finger on the biometric scanner for verification.

Select the transaction type: Choose “Cash withdrawal” from the options.

Enter the withdrawal amount: Specify the amount you want to withdraw.

Complete the transaction: Withdraw your cash and be sure to take the receipt for your records.

What is AEPS?

AEPS stands for Aadhaar Enabled Payment System, it is a service that allows customers to perform various banking tasks using their Aadhaar card.

AEPS Cash Withdrawal Limit

The cash withdrawal limit through AEPS is set by different banks, usually ranging from ₹10,000 to ₹50,000. Keep in mind that some banks may restrict this service for security reasons.

Benefits of Using AEPS

Convenience: It provides an efficient way to withdraw cash without the need for an ATM.

Simplicity: The process is simple, and involves very little hassle.

Reduced dependency on ATMs: AEPS allows users to obtain cash easily, thereby reducing dependency on ATM machines.