AEPS is a new upcoming payment service with Kissan E Services . This service is
offered by the National Payments Corporation of India to banks, financial
institutions using ‘Aadhaar card Number.
A Customer will visit your Kissan E Seva Kendra outlet. By using the Point of Sale
(MicroATM) device you will be able to process transactions like Cash Withdrawal,
Cash Deposit, Balance Enquiry
and Fund Transfer by selecting the transaction of your customer’s choice. The
Customer needs to provide their Aadhaar Number and their bank name or
bank IIN number. This will be known as ‘Aadhaar Enabled Payment System’ and may also
be referred to as
“AEPS”. This AEPS system will be available at all Kissan E Seva Kendra Outlets.
At all Kissan E Seva Kendra outlet AEPS transactions services like Cash
Withdrawal, Cash Deposit, Balance Enquiry, and Money Transfer will be provided.
AEPS is a safe and convenient channel enabling payments. All successful transaction
requires
customers
fingerprint (biometric). This attribute is unique to every individual. Apart from this
your
biometric travels
completely encrypted using the logic and standard as specified by the UIDAI which are a
pre-requisite for any
transaction to be successful initiated by any MicroATM. Any terminal not having this
encryption or not having
this as per UIDAI standards will be unable to affect transaction under AEPS as they will
get
rejected with an
error code as “invalid encryption” on the terminal. AEPS only supports real time online
biometric verification
using the Aadhaar number. The fingerprints submitted during the enrolment of the
individual
need
to match at the UIDAI server end to make any transaction successful. Avail AEPS service
at
all outlets.
