Debit cards and PINs are not required with AePS services, since it uses biometric authentication. Banking services can be accessed with just a fingerprint or facial scan.
AePS (Aadhaar Enabled Payment System) is a service that lets you perform basic banking operations like cash withdrawals and balance enquiries using your Aadhaar number and biometric authentication, without needing cards or PINs.
A customer visits a Finkeda Saathi with their Aadhaar-linked bank account. With a fingerprint scanner, the Saathi verifies the identity of the customer and completes transactions through a secure platform. There’s no need for cards or PINs. Services like withdrawals, balance checks, and deposits can be done easily, right at the local shop.
People who have an Aadhaar card that is linked to a bank account can easily use AePS. This service is quite useful for individuals who live in rural locations and have issues getting to banks. They can use their Aadhaar and fingerprint to get important financial services at their neighbourhood Finkeda Saathi store.
Finkeda offers Aadhaar-enabled services like cash withdrawal, balance enquiry, and mini statements. Some banks also support deposits. These basic transactions can be done easily without visiting a bank. Customers just need their Aadhaar number and fingerprint to access services at a Finkeda Saathi store.
AePS is highly secure. Every transaction is done by using biometric verification with the customer’s fingerprint and Aadhaar number. No PIN or card is needed. The system is managed through the National Payments Corporation of India (NPCI) to ensure safety and accuracy. Customers also get a receipt or message as proof of each transaction.
Yes, daily transaction limits apply and differ with the bank. Generally, you can withdraw up to ₹10,000 per day. The Finkeda Saathi will inform you about the exact limit based on your bank’s rules. These limits are set to ensure both safety and responsible use of services.
Yes, Aadhaar is required for all AePS services. Moreover, the customer needs to have their bank account linked to their Aadhaar. Fingerprint authentication through Aadhaar ensures that only the rightful owner can access the account. This step makes the process simple and secure without needing an ATM card.
To become a Finkeda Saathi, just register with us. We’ll provide the necessary device and training. Once set up, you can start offering AePS services to your customers and earn commissions. It’s a simple way to grow your income and support your community.
You need a smartphone, an internet connection, and a fingerprint scanner. Finkeda provides the AePS software platform and training. The setup is easy, cost-effective, and ideal for small retail spaces. With just basic equipment, you can start offering banking services right from your shop.
Yes, all devices used by Finkeda Saathis are certified and safe. Settlements are processed securely and quickly. Every transaction is verified with biometric data and managed by a trusted system. You also get support from our team if any issue arises during the process.
AePS brings banking closer to home. Rural customers no longer need to travel far or stand in long queues. Through local Finkeda Saathis, they can withdraw money or check their balance anytime. It saves time, reduces costs, and makes banking services available to everyone.
Yes, AePS works across all major banks in India. As long as the customer’s account is Aadhaar-linked, they can access services regardless of the bank. This makes AePS highly flexible and useful for people in remote areas with accounts in different banks.
In India's fast growing digital economy, Aadhaar Banking Services have emerged as a powerful tool to bring financial inclusion to every corner of the country. AePS is a service that allows people to access banking services without visiting bank branches and ATMs. That’s where Finkeda merchants come into picture, they play an important role in delivering these services at a grassroot level, specially in rural and semi urban areas.
The full form of AePS is Aadhaar Enabled Payment System. NPCI (National Payments Corporation of India) has developed this Payment & Banking service. By using the Aadhaar number & bank authentication, customers can perform basic banking transactions.
Customers have to link their Aadhaar Number with their bank account to enable transactions through Micro ATMs, operated by authorized merchants like Finkeda Saathis.
AePS banking through Finkeda merchants brings banking services closer to people who may not have access to traditional banks or digital apps. Customers only need:
There is no need for debit cards, PINs, or smartphones. This simplicity makes the AePS service ideal for senior citizens, daily wage workers, farmers, and people in remote areas.
Let’s look into the facilities provided under AePS service to understand AePS in Banking
Multiple Aadhaar Banking facilities are provided under AePS, making financial transactions quick & secure.
The most commonly used AePS transaction is Cash Withdrawal. By providing their Aadhaar number & fingerprint authentication, customers can withdraw money, but Aadhaar should be linked to the bank account. This service eliminates the need to travel long distances to ATMs or banks. AePS Payments are safe and secure.
Checking the account balance is quick and accessible, as customers can check their balance securely using their Aadhaar Number & fingerprint authentication. The process ensures privacy & accuracy.
You can get a Mini Statement Service that provides details of the last few transactions. Therefore this helps customers track their transactions like spending, government benefit transfers, and salary credits easily.
Cash Deposit through Aadhaar Banking enables customers to deposit money directly into their Aadhaar-linked bank account via a Finkeda merchant. This service is especially helpful in areas where bank branches are limited.
The AePS debit service means you can process services by showing your Aadhaar card, punching the fingerprint on the biometric device. Once the fingerprint matches Aadhaar records, the transaction is completed. This process ensures security and prevents unauthorized access.
The AePS debit service is widely trusted because it does not rely on PINs or cards that can be lost or stolen.
AePS registration for Finkeda merchants is a simplified and streamlined process. Merchants must complete KYC, submit business documents, and receive a biometric device. Once onboarded, they can start offering AePS services and earn commissions on every transaction.
This makes AePS not only a valuable service for customers but also a sustainable income opportunity for local merchants.
