Aadhaar ATM cash withdrawal: If you need urgent cash but are too busy to visit a bank or post office ATM, you can avail the Aadhaar ATM (AePS) service facility by India Post Payments Bank (IPPB) to withdraw cash sitting at home.
In a post on social media platform ‘X’, IPPB wrote, “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!”
Through the AePS facility, a bank customer can use Aadhaar as an identity to access his or her Aadhaar-enabled bank account and perform basic banking transactions like balance enquiry, cash withdrawal, remittances through a business correspondent.
Services available under AePS facility
As part of the services available under AePS, a customer can withdraw cash, equire about balance in account, download mini statement and do Aadhaar to Aadhaar fund transfer.
The customer looking to avail AePS should mandatorily have a bank account with a bank participating in AePS and his or her Aadhaar should be linked to the bank account with other bank, according to instructions posted on India Post Payments Bank.
Transaction is completed using the customer’s biometric authentication only.
What happens if a customer enters an incorrect Aadhaar number?
If any customer enters incorrect Aadhaar number or selects an incorrect bank where he or she does not have an Aadhaar linked bank account, the transaction will decline with an appropriate response message. “Further, as a customer may link his/ her Aadhaar with multiple banks, customer should select the correct bank, from where he wishes to perform transaction. In case, customer has more than one account with the selected bank then only the primary account will be debited and customer cannot make a selection of bank account at the time of transaction,” IPPB answered in FAQs published on its website.
What if a customer has multiple accounts linked to his Aadhaar number?
If a customer has multiple account within the same Bank linked to Aadhaar, AePS services will work with only the primary account associated with the Aadhaar. “Customer need to get in touch with his bank to specify/change the primary account linking.”
What if a customer has multiple accounts linked to his Aadhaar number
Since the accounts are held with different (multiple) banks, a customer will have a choice to select the bank name in the AePS app from where the transaction need to be done.
by Mithilesh Jha
https://www.financialexpress.com/money/need-urgent-cash-use-aadhaar-atm-service-to-withdraw-money-from-the-comfort-of-your-home-3451258/
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