AEPS Key FULL FORM, AEPS which stands for Aadhaar Enabled Payment System. It is becoming very popular in All India. The facility of Aeps is availed by the person whose Aadhar card is already linked or attached through the bank, that person can take advantage of this facility. Aeps is also called mini ATM in common language. Due to (AEPS) you can easily exchange money. Payment facility becomes available in Aeps after finger verification.
AEPS Key Full Form in English
Aeps full form is Aadhaar Enabled Payment System and in Hindi, it is called Aadhaar Enabled Payment Switch.
AEPS stands for Aadhaar Enabled Payment System, a smart way to handle money that’s become really popular in India. It helps folks who have linked their Aadhaar cards to their bank accounts. Using AEPS is like having a small ATM with you all the time.
Imagine this: you don’t need to carry a physical card or remember complicated passwords. Instead, your fingerprint acts as your key. This makes things super safe and easy.
AEPS is fantastic for moving money around quickly. Just by scanning your fingerprint, you can do lots of money-related things. This makes sending and receiving money much faster and simpler.
AEPS is like a hero for people who might not have easy access to regular banks. Even if you live in a faraway area, AEPS makes it possible to use modern banking services.
In a nutshell, AEPS is changing how people do money stuff in India. It’s safe, quick, and simple. It’s like having a tiny ATM in your pocket. And as more people use it, more folks can be part of the digital money world.
AEPS SERVICES
- You do not need any branch to use Aeps.
- It is a small device that any person can keep with him.
- After KYC verification you can enjoy the facility of Aeps machine for your shop or business.
Aadhar banking
If you will not use Aeps and you want this facility from the bank itself, then you will need many things. Like documents verification contacts verification full details etc. Also it will be a waste of time. But with the help of Aeps machine, you can take advantage of your money exchange comfortably. If you have your own shop or business then you can start your business by making the machine available.
AEPS Advantages of Money Transaction
When you do a Aeps transaction then you have to 5 to ₹ 10 is available. On every one money transaction which will be of great benefit to you. If you can earn by doing 100 and 200 mini transactions a day.
Who Runs AEPS
Aeps is run by NPCI i.e. National Payments Corporation of India which is called National Payment Corporation of India in Hindi language. It is an institute of the Indian Government which completely supervises it under it.
- All the money transactions in India are done under this institute.
- Its important goal is to provide Aadhaar to every corner of India Aeps
- Want every person should be connected to the Aadhar-enabled banking system.
- AEPS can be attached to any bank. Like ICICI Bank HDFC Bank SBI, or any private or government bank, you can link to an NCPI-only machine
AEPS facility
Aeps can easily make balance enquiry, withdraw cash, deposit cash, change mobile numbers easily, and update all these facilities you can make available to any customer from mini ATM are.
Aeps in involved person
- To be involved in Aeps first then the bank second customer, the customer must be linked with Aadhaar in the bank.
- Without going to the bank mini ATM These four essential things are to receive and exchange money.
Aeps in 100% security
You must be wondering how Aeps can be 100% secure. Aeps hundred percent secure This is because the fingerprint of any person in the world is the same No, and money transaction does money transaction only after fingerprint verification. That’s why it is a hundred percent secure.
Two major characters contributing to Aadhaar enabled system
Two characters play their major role in Aadhar enabled system, NPCI national payment corporation India, and banks member. It is because of the role of both that Aeps has been so successful.
How to earn money from Aeps Mini bank
- If you install aadhar enabled system in yourself then whatever shop you are running you can earn 100 to 200 per day.
- Secondly you are from SBI i.e. State Bank of India. You can take India’s kiosk.
- There is no need for you to contact any branch or agent to take the SBI kiosk. You can talk to the nearby State Bank of India to get a kiosk.
- You may also take some time to avail this facility.
Some precautions related to Aeps
Ever since the facility of the Aadhaar Enabled Mini System has come in India, 100-200 companies have come in contact with it. You will find many people fraud in these companies. That’s why you should check the feedback before doing any money transaction. Be careful, take advantage of this facility only after doing a thorough investigation and avoid fraud.
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final words
We hope that you have liked all kinds of information related to our Aeps. And you can take advantage of all this information related to Aeps full form as well as avoid the disadvantages caused by Aeps.
