Do you also have an Aadhaar card? If yes then don't bother for your money. Soon you will be able to withdraw money using your Aadhaar card. This requires your Aadhaar card to be linked to your bank account. Customers will be able to withdraw bank deposits using Aadhaar Enabled Payment System (AePS). At present, banking transactions without ATM cards or PINs are being done for crores of people in the country.
Rs. Can be withdrawn from Aadhar card soon
Aadhaar card must be linked to a bank account
Aadhaar will be able to withdraw Rs
Where can Rs
So far you have been withdrawing money from your ATM by going to the ATM. Now you can do the same with your Aadhaar card. You will be able to withdraw cash using Aadhaar Support ATM machine.
You can do all this work too
Apart from cash withdrawal, you can also work on cash deposit, balance check, mini statement withdrawal and loan repayment. Not only this, facilities like PAN card, e-KYC and loan disbursement will also be available with its help.
What is support AEPS?
Aadhaar based payment (AEPS) has been prepared by the National Payments Corporation of India. With its help banks and financial institutions use Aadhaar number and UIDAI authentication to offer their services. It has also got RBI recognition. With this system your fingerprint and mobile number will be able to work just like your debit card. You do not need to enter the PIN for that.
Essentials of Aadhaar Micro ATM
The base micro ATM works like a modified POS device.
Its purpose is to accelerate pinless banking.
There is no charge for this type of transaction.
Unlike ATMs, it does not have cash in and out cash facility.
Aadhaar micro ATMs can be operated by the operator.
Who can avail this facility?
You can take advantage of this feature if you have linked your bank account to Aadhaar. If not, you can link your account with Aadhaar by visiting a bank branch.
Important link