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Aadhaar: What is Aadhaar Enabled Payment System, know all the information from benefits to

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Aadhar payment system update: With this new feature, money will not come out of fake fingerprints, know details

Aadhaar Enabled Payment System: Aadhaar Enabled Payment System (AePS) is a bank based model in which online financial transactions are done in accounts through business correspondence using Aadhaar based biometric authentication. These also include the accounts of the beneficiaries of Direct Benefit Transfer (DBT).


Aadhaar Enabled Payment System: Today’s era is the era of digital. Keeping cash in pocket is also becoming a thing of the past. What about cash, digital payments are growing so fast that even ‘modern’ payment options like credit and debit are slowly becoming obsolete like the times gone by. In digital payments, the government is now promoting Aadhaar Enabled Payment System or AePS. It is often used by the beneficiaries of subsidies of government schemes.

What is AePS?

Aadhaar Enabled Payment System (AePS) is a bank based model in which online financial transactions are done in accounts through business correspondence using Aadhaar based biometric authentication. These also include the accounts of the beneficiaries of Direct Benefit Transfer (DBT).

In this, bank customers can avail basic banking transactions like cash deposit, cash withdrawal, intrabank and inter bank cash transfer, balance inquiry and mini statement through business correspondence on their Aadhaar linked bank account.

What issues are affecting this system?

There are complaints about transaction failure in this payment system. After this, the government has taken several steps to reduce the number of transaction failures.

How to check failed transaction?

National Payments Corporation of India (NCPI) has a 24*7 technical support system, including a network team. These people assist the banks at the time of failure of transactions and keep an eye on such cases. NPCI takes up the issue with the bank managements if the transaction is more than Rs 1 lakh in a day.


A technical task force has been created for all online products to help banks in reducing transaction failures. Apart from this, the government also reviews from time to time to prevent failure of AePS transactions.

RBI also intervened

RBI said that in order to strengthen the business correspondence ecosystem, it has set a roadmap for the Indian Banks’ Association (IBA) to create a Business Correspondence Registry portal. Banks have the option to blacklist Business Correspondence on the portal if any fraud or other thing happens. This information is made available to all the stakeholders. The details of all Business Correspondences that are blocked or blacklisted are included by NPCI and circulated to all member banks from time to time for the benefit of the Business Correspondence Ecosystem.

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