Aadhaar Enabled Payment System (AePS): Who Qualifies and What You Get
Learn how to withdraw cash using your biometric data if you have a bank account linked to your Aadhaar card.
The Aadhaar Enabled Payment System (AePS) is a digital banking facility that allows you to access your money using only your biometric data.
Who it's for
This service is designed for bank account holders who have successfully linked their Aadhaar card to their bank account. If your bank account is not yet linked to your Aadhaar, you will not be able to use this specific method to access your funds.
What you get
The primary benefit of this system is the ability to perform cash withdrawals. By using biometric authentication—such as a fingerprint scan—you can access your money at service points without needing to carry a physical debit card or remember a complex PIN. This makes managing your cash much simpler in various locations.
What it costs you
Using this service is free of charge. There is no fee required to perform these biometric-based transactions.
The catch to know
The main challenge with this system is the reliance on biometric technology. Because the process requires a successful fingerprint or iris scan, biometric failure can occur. This is a common issue for manual laborers, as physical work can cause the fingerprints to wear down, making it difficult for the scanner to verify your identity correctly.
How to apply
- Locate a designated banking correspondent or a service point that supports the AePS system.
- Provide your Aadhaar number to the service provider to identify your account.
- Complete the biometric authentication step by placing your finger on the scanner.
- Wait for the transaction to be verified by the system to receive your cash.