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  >> Aadhaar Enabled Payment System  » Overview
  >> Background

In order to further speed track Financial Inclusion in the country, Two Working Group were constituted by RBI on MicroATM standards and Central Infrastructure & Connectivity for Aadhaar based financial inclusion transactions with members representing RBI, Unique Identification Authority of India, NPCI, Institute for Development and Research in Banking Technology and some special invitees representing banks and research institutions.

The working group on MicroATM standards & Central Infrastructure & Connectivity has submitted its report to RBI. As a part of the working group it was proposed to conduct a Lab level Proof of concept (PoC), integrating the authentication & encryption standards of UIDAI, to test the efficacy of MicroATM standards and transactions using Aadhaar before they are put to actual use. The PoC was successfully demonstrated at various venues.

AEPS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication.

The four Aadhaar enabled basic types of banking transactions are as follows:-

  • Balance Enquiry
  • Cash Withdrawal
  • Cash Deposit
  • Aadhaar to Aadhaar Funds Transfer

The only inputs required for a customer to do a transaction under this scenario are:-

  • IIN (Identifying the Bank to which the customer is associated)
  • Aadhaar Number
  • Fingerprint captured during their enrollment
  >> Objectives

  1. To empower  a bank customer to use  Aadhaar as his/her identity  to access his/ her respective Aadhaar enabled bank account and  perform basic banking transactions like balance enquiry, Cash  deposit, cash withdrawal,  remittances that are intrabank or interbank in nature,  through a Business Correspondent.
  2. To sub-serve the goal of Government of India (GoI) and Reserve Bank of India (RBI) in furthering Financial Inclusion.
  3. To sub-serve the goal of RBI in electronification of retail payments.
  4. To enable banks to route the Aadhaar initiated interbank transactions through a central switching and clearing agency.
  5. To facilitate disbursements of Government entitlements like NREGA, Social Security pension, Handicapped Old Age Pension etc. of any Central or State Government bodies, using Aadhaar and authentication thereof as supported by UIDAI.
  6. To facilitate inter-operability across banks in a safe and secured manner.
  7. To build the foundation for a full range of Aadhaar enabled Banking services.
  >> Services Offered by AEPS

  1. Balance Enquiry
  2. Cash Withdrawal
  3. Cash Deposit
  4. Aadhaar to Aadhaar Fund Transfer
  5. Gateway Authentication Services
  >> First RuPay ATM & Micro ATM Card with Aadhaar Number


For Detailed Transaction Process Details please refer Customers FAQs  or Bank FAQs

  >> Launch of RuPay at Dilli Annashree Scheme by Sonia Gandhi on 15th December 2012

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