Cash Withdrawal Rules: If you need money in an emergency and you do not have time to go to the bank or ATM, then there is no need to worry. Now you will get money sitting at home through Aadhaar ATM. This service has been started by the post office. Indian Post Payments Bank wrote in its post on social media that if you need money immediately and you do not have time to go to the bank, then there is no need to worry. Now you can withdraw money sitting at home using Aadhaar ATM (AePS) service. Postmaster will help in withdrawing cash sitting at home.
How does this service work?
Through the Aadhaar based payment process, a person can withdraw cash or make payments from his Aadhaar linked account using his biometrics. Customers can withdraw small amounts using AEPS without visiting an ATM or bank. This will save your time. As per the rules, your Aadhaar must be linked to the bank account to use this service.
What services can be used?
You can withdraw cash sitting at home using Aeps system. You can know how much money is in your account by checking the balance of your bank account. You can also withdraw mini statement from this service. Apart from this, you can also transfer funds to another bank. You do not have to pay any charge for these services but you will have to pay a fee for doorstep service. To use Aadhaar ATM, you must have a bank account which is linked to Aadhaar. Also, biometric authentication is also necessary.
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