According to the post made by India Post Payment Bank on social media, if you suddenly need to withdraw cash and do not have time to go to the bank, then you can take advantage of the Aadhaar ATM Service (AePS) of India Post Payment Bank. You can easily withdraw cash at home. In this, the postman will come to your house and help in withdrawing the cash.
What AePS?
The full name of AePS is Aadhaar Enabled Payment System. Through this, any person can easily withdraw cash from an Aadhaar linked account using his biometrics. In this, you do not even need to go to the bank and your time is also saved. This system is very useful for those people who cannot go to the bank etc.
These facilities are also available along with cash withdrawal
In the Aadhaar-enabled payment system, cash can be withdrawn using the customer's Aadhaar. Through this one can easily check balance, withdraw cash, and remittance. Apart from this you can also do an Aadhaar to Aadhaar fund transfer and generate a mini statement of account.
Other important things about AePS
- Your bank account must be linked to your Aadhaar
- It is mandatory to have a bank account in the AePS system.
- The transaction will be completed through biometric means.
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