An Aadhaar is a 12-digit unique number issued by the UIDAI- Unique Identification Authority of India to the Indian residents. Any person, irrespective of age and gender may voluntarily enroll to have his or her Aadhaar number. The Individual has to give his or her demographic and biometric information at the time of the enrollment process and does not have to pay any charge for the same. Aadhaar Enrolment is done only once and is valid for the entire life. And with this unique card, you will not only be able to get many benefits but can use the same for other financial transactions as well, which are required in our daily lives.

AEPS is a bank-controlled model that allows online interoperable financial inclusion transactions at Point of Sale-PoS or Micro ATM through the bank’s Business correspondent utilizing the Aadhaar authentication. AEPS permits mainly 6 types of basic financial transactions that can be performed through AEPS registration and they are listed as below: 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