Nowadays people are using online platforms extensively for transactions. From street vendors to big restaurants, you will find scanners installed. Even though online payment can be made everywhere nowadays, but still sometimes we need cash.
It often happens that we go anywhere relying on online payment, but there are some places where the facility of online payment is not available and neither do we have a debit card to withdraw cash from the ATM.
Now in such a situation, a big problem arises. However, in this situation, Aadhaar card can be useful for you. Aadhaar number provides the facility to withdraw cash. It is possible to do this through Aadhaar Enabled Payment System (AePS). How? We are going to tell you the method here.
How to withdraw cash without ATM?
- Go to a micro ATM with AEPS support.
- Enter 12 digit Aadhaar number in the Micro ATM machine.
- Use finger for biometric authentication.
- Now select “Cash Withdrawal” from the transaction type.
- Enter the amount of money you wish to withdraw.
- Take cash from the ATM. Take the receipt after the transaction is complete.
What is AEPS?
The full form of AEPS is ‘Aadhaar Enabled Payment System’ . It provides many banking related services to the 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 the customers by the National Payment Corporation of India (NPCI).
AEPS Cash Withdrawal Limit
The cash withdrawal limit is set by the bank, which can usually be between Rs 10,000 and Rs 50,000. Some banks keep the AEPS service disabled for security reasons. However, this service is available in rural areas and towns.
Take care of important things
- Even if you withdraw cash using this service, it is important to keep some important things in mind during this time.
- You should enter Aadhaar number only in those micro ATMs which are authorized.
- Always keep the registered mobile number active to know about every activity related to the transaction.
- Apart from this, once your transaction is completed, take the receipt carefully.
Benefits of using AEPS
- It is an effective way to withdraw money in areas not served by major banks.
- The process of withdrawing payment through Aadhar card is very easy. There is not much hassle in this.
- Due to this, the dependence on withdrawing cash from ATM ends.
