Aadhaar card: Even though we make online payments in most places, cash is still needed at many places and if there is no ATM nearby, it becomes a big problem. In such a situation, users have the option to withdraw money through micro ATM with Aadhaar number. How to use it and what are the benefits in it. We are going to tell you everything.
Aadhaar card: At present, people are using online platforms extensively to make transactions. From street vendors to big restaurants, you will see scanners installed. Even though online payment can be made everywhere nowadays, but still many times we need cash. It often happens that we go out anywhere relying on online, but there are some places where the facility of making online payment is not available and neither do we have a debit card to withdraw cash from ATM.
Now in such a situation, a big problem arises. However, in this situation, Aadhaar card can be useful for you. Facility to withdraw cash is available with Aadhaar number. It is possible to do this through Aadhaar Enabled Payment System (AePS). How? We are going to tell you the way here.
How to withdraw cash without ATM?
- Go to a micro ATM with AEPS support.
- Enter the 12 digit Aadhaar number in the micro ATM machine.
- Put your finger for biometric authentication.
- Now select “Cash Withdrawal” from the transaction type.
- Enter how much money you want to withdraw.
- Take cash from the ATM. Take a receipt after the transaction is completed.
What is AEPS?
The full form of AEPS is ‘Aadhaar Enabled Payment System’. It provides many banking related services to customers through Aadhaar card. With the help of this facility, cash withdrawal, balance inquiry and fund transfer can be done. The facility of withdrawing money from Aadhaar Enabled Payment System is provided to customers by the National Payment Corporation of India (NPCI).
AEPS cash withdrawal limit
The cash withdrawal limit is decided by the bank, which can usually be between Rs 10,000 to Rs 50,000. Some banks keep the AEPS service disabled due to security reasons. However, this service is available in rural areas and towns.
Keep important things in mind
- Even if you withdraw cash using this service, it is important to keep some important things in mind during this time.
- You should enter the Aadhaar number in the same micro ATM which is authorized.
- Always keep the registered mobile number active to keep track of every transaction related activity.
- Apart from this, when your transaction is completed, take the receipt carefully.
Benefits of using AEPS
- It is an effective way to withdraw money in those areas where main banks do not provide service.
- The process of withdrawing payment through Aadhaar card is very easy. There is not much hassle in it.
- Because of this, the dependence on withdrawing cash from ATM ends.
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