What is AEPS and AEPS full form in banking
                     WHAT IS AEPS AND AEPS FULL 
FORM IN BANKING
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.
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.
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.
TO KNOW MORE
VISIT
https://www.fidypay.com/aeps.html