In a revolutionary move, the Indian Post Payments Bank has introduced a convenient solution for accessing cash without the need to visit a bank or ATM.
Through the Aadhaar ATM (AePS) service, individuals can now withdraw money from the comfort of their homes.
This service offers a lifeline for those in need of urgent funds, eliminating the hassle of traveling to a physical banking location.
How It Works:
The Aadhaar ATM service operates on a biometric authentication process, allowing individuals to utilize their Aadhaar-linked account for cash withdrawals and payments.
By simply using their biometrics, customers can initiate transactions without the need for physical cards or visits to ATMs or banks.
This streamlined process is designed to save time and provide immediate access to funds. To avail of this service, individuals must ensure their Aadhaar is linked to their bank account.
Available Services:
In need of urgent cash but don’t have time to visit the bank? Worry not! With @IPPBOnline Aadhaar ATM (AePS) service, withdraw cash from the comfort of your home. Your Postman now helps you to withdraw cash at your doorstep. Avail Now!
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— India Post Payments Bank (@IPPBOnline) April 8, 2024
The Aadhaar Enabled Payment System (AePS) empowers users with a range of banking services from the comfort of their homes.
These services include cash withdrawals, balance inquiries, mini statements, and interbank fund transfers.
Notably, there are no charges for utilizing these services, although a nominal fee may apply for doorstep service.
However, individuals must fulfill the prerequisites of having an Aadhaar-linked bank account and undergo biometric authentication to access the benefits of the Aadhaar ATM service.
