What would you do with the AEPS?
The Aeps White Labelprovides you with a banking service on the go. However still, it only provides you with essential resources. You will access these 5 facilities via AEPS.
1. Checking Equilibrium
2. Currency Deposit
3. Withdrawal of currency
4. Mini statement
5. Shift of Aadhaar to the Aadhaar Fund
The Fund transferring process from Aadhaar to Aadhaar is basically used for doing the payment of a particular Merchant. Perhaps the shopkeeper has just to use that dedicated app for this relevant reason. Aeps White Label Portal can be easily found on the internet.
Well except for the movement of money, all transfers may be carried out by the bank correspondent of either bank. You just need a bank account correspondent out of your own bank now for the movement of money. The Domestic Money Transfer Platform is always open.
* You can indeed pay the money, deposit to the account number, the mini statement, and perhaps even check the proper balance.
* The bank account correspondent of any further bank can make the financial transaction clearly specified out by any local bank. You will also probably find instead a bank crespondent even in small towns and rural areas. Aeps Money Transfer can be easily done.
* So, there is no requirement for a signature or even just debit card. Money Transfer Api is something that one can easily find.
AEPS Specifications
You will get money directly out through the Aadhaar Enabled Payment Mechanism all without making any paper or even wallet. However also, you need to follow some of the specifications. That your own Aadhaar number really should be entered in your own bank account. If now you just did not connect your own Aadhaar to a somewhat personal bank account, perhaps the Aadhaar Enabled Payment Mechanism would not be of any benefit to you. For AEPS transaction, you need the following information. Always use the best Domestic Money Transfer Software.
Well except for the movement of money, all transfers may be carried out by the bank account correspondent of either bank. You really need a bank account correspondent out of your own bank branch now for the movement of money. Money Transfer White Label is a good option.
AEPS Specifications
You will get money directly out through the Aadhaar Enabled Payment Mechanism without either making any kind of paper or even wallet. Now however, you need to follow some of the specifications. Your Aadhaar number really should be entered in your own personal bank account. There is a lot of White Label Aeps Service Provider whom you can contact. If then you really did not connect your own Aadhaar to a somewhat personal bank account, perhaps the Aadhaar Enabled Payment Mechanism would not be giving any benefit to you. You just need this following information for that AEPS transaction to happen.
1. The Aadhaar Number
2. Bank IIN or otherwise Name of the bank
3. The fingerprint
It basically means you just need to recall your Aadhaar number to do this kind of bank transaction. It is basically just like you remembering your own phone number.AEPS really isa great convenience for most of the rural people.