What is AADHAAR based Banking?
What is AePS?
What is AePS?
AePS stands for AADHAAR ENABLED PAYMENT SYSTEM. With the help of AePS technology, banking transactions like cash withdrawal, cash deposit, balance inquiry & money transfer is possible in a very simple, secure and faster way.
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User does not need to remember his / her bank account number, passwords, PIN etc to deposit / withdraw money from bank account. Just need to remember AADHAAR No and the name of the bank where his / her aadhaar number is linked and a clean finger.
User needs to get in touch with our nearest CSP and ask for the service. There is limit of depositing and withdrawing per day as per NPCI and RBI.
Customer Service Points are a type of entity where some individuals who act as agent of the bank and the place where it is not possible to open a brick and mortar branch of the bank. CSP basically acts like the representatives of banks and provides all kind of assistance in opening an account under banking rules & regulations. CSP Agents essentially helps people in all the problems which may occur during opening of bank accounts.
Duties & Responsibilities of CSP
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To generate awareness regarding saving and offering advice on managing money & debt related issues.
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To identify the potential of customer among the crowd & generate business opportunity.
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To enrolment and collect/verify forms need to open a bank accounts.
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To help customers in filling & submitting application forms.
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To collect/accept the payment of small value of deposit.
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To provide the details of bank account like mini statement.
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To provide the any kind of support on behalf of the bank i.e. pension & insurance products.
AePS CSP Benefits:
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Open Savings A/C Instantly*
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Any Balance Enquiry
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Any Bank Cash withdrawal
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Any Bank Fund Transfer
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Instant Settlement
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Open a CSP Branch Anywhere in india
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Any Bank Cash Deposits
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Instant Commission
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No Monthly or Hidden Charges