AEPS – Secure & Instant Aadhaar Enabled Payment Services with RRFinCo

Cash Withdrawal

Aadhaar Enabled Payment System (AEPS) Cash Withdrawal is one of the most widely used services in India’s digital banking ecosystem. With RRFinCo’s AEPS, customers can withdraw cash directly from any Aadhaar-linked bank account at a micro ATM, without the need for a physical debit or credit card. This service is designed to enhance financial inclusion, especially in rural and semi-urban areas where traditional banking infrastructure may be limited.
To initiate a cash withdrawal, users provide their 12-digit Aadhaar number at an AEPS-enabled micro ATM. The system prompts the user to select the transaction type—in this case, “Cash Withdrawal.”

Balance Enquiry

The AEPS Balance Enquiry service provided by RRFinCo allows account holders to check their account balance instantly and securely at any AEPS-enabled micro ATM. This feature is particularly useful for individuals in rural or semi-urban areas who do not have easy access to physical bank branches or online banking platforms.
Users begin by entering their 12-digit Aadhaar number at a micro ATM. After selecting “Balance Enquiry” as the transaction type, the system prompts for biometric authentication using a fingerprint or iris scan. Once the identity is verified, the AEPS system retrieves the account balance from the respective bank in real-time, displaying it on the micro ATM screen and optionally printing a receipt.

Aadhaar Fund Transfer

Aadhaar Fund Transfer is a transformative feature under RRFinCo’s AEPS, allowing secure transfer of funds between two Aadhaar-linked bank accounts using biometric authentication. This eliminates the need for traditional methods like cheques, NEFT, or RTGS for small-scale or everyday transactions.
Users start by entering their 12-digit Aadhaar number and selecting the “Fund Transfer” option at an AEPS-enabled micro ATM. They provide the beneficiary’s Aadhaar number and the transfer amount. The user then authenticates the transaction via biometric verification. Once approved, the system completes the transfer instantly, sending confirmation to both parties.

Mini Statement

The AEPS Mini Statement service by RRFinCo provides account holders with a quick overview of their recent transactions. This is particularly valuable for users who rely on micro ATMs for banking needs and may not have access to online banking or passbooks.
Users input their 12-digit Aadhaar number and select the “Mini Statement” option at an AEPS-enabled point. Biometric authentication verifies the user’s identity, after which the system retrieves the latest transactions from the linked bank account. The mini statement can be displayed on-screen and printed for physical reference.

Enter Aadhaar Number

Begin by entering your 12-digit Aadhaar number into the AEPS system. This unique identifier links directly to your bank account, ensuring that all transactions are accurate and secure. It acts as the foundation for initiating any financial activity through AEPS.

Select Transaction Type

Choose the type of transaction you want to perform—Cash Withdrawal, Balance Enquiry, Fund Transfer, or Mini Statement. This step allows the system to understand your request and guide you through the appropriate process efficiently.

Biometric Authentication

Verify your identity using biometric authentication, such as a fingerprint scan. This ensures that only the rightful account holder can perform transactions, providing a secure and fraud-resistant way to access your funds.

Transaction Complete

Once authenticated, the AEPS system processes your transaction instantly. You will receive confirmation of the successful completion, whether it’s cash withdrawal, fund transfer, balance display, or a mini statement, making banking fast and convenient.