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AEPS full form in banking

<br>Fidypay provides micro ATM service in India that empowers customers to preform function like AEPS Cash withdrawal, Mini statement and balance enquiry from their merchant network. AEPS is aadhar enabled payment system which is offered by NCPI.<br>www.fidypay.com/aeps.html

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AEPS full form in banking

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  1. What is AEPS and AEPS full form in banking

  2. What is AEPS The full form of AEPS in banking is Aadhaar Enabled Payment System or also it is Micro ATM, which is developed by the umbrella body for digital transaction NPCI-National Payment Corporation of India, is a sort of an installment framework that permits to do monetary exchanges via Aadhaar based confirmation. AEPS depends on the Unique Identification Number or the Aadhaar number and allows the Aadhaar cardholders to start and finish the exchanges easily.

  3. Uses of AEPS AEPS allows mainly 6 types of basic financial transaction. The facility of Cash deposit. The facility of Cash withdrawal. Easy balance inquiry. The benefit of Intra bank or Interbank fund transfer. Hassle free purchasing at fair shops. Obtaining a Mini statement.

  4. Benefits of AEPS The few advantages of AEPS It is easy to use. It is completely safe and protected method of payment. Using AEPS, financial balance holders will be in a situation to get to their records in banks through Aadhaar verification. AEPS facilitates the installments of numerous Government plans like Social Security benefits, NREGA Handicapped Old Age Pension, and so on of Central Government or State Government bodies via Aadhaar confirmation.

  5. To Know MoreVisit https://www.fidypay.com/aeps.html

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