What is an AEPS cash withdrawal?

AEPS Cash Withdrawal is a unique way of withdrawing cash via the use of an Aadhaar card.

So if you have your Aadhaar card linked with your mobile number you can easily withdraw cash without any hassle.

This system is a savior for people who could not benefit from banking facilities due to the lack of ATMs and banks in their area.

Especially, if you are from a rural area or have visited any, then you could resonate well. There is hardly any banking facility nearby, but the AEPS service companies like Netpaisa are serving them the convenience of performing various banking transactions including cash withdrawal without walking long distances in search of a bank.

With the growth in its popularity, it’s considered to be the safest and most secure way of doing online transactions. The best part is even if you don’t own a credit or debit card, you can avail of this service.

There are 5 easy steps of withdrawing cash with AEPS service.

1.           You have to visit a retailer of AEPS service provider ( like NetPaisa Retailer) in your area

2.           Enter your Aadhaar number in the POS machine

3.           Select the transaction type as Cash Withdrawal

4.           Enter bank name and amount details

5.           Verify the transaction through fingerprint verification

The transaction would get completed in no time and you will receive a message regarding the same. Apart from AEPS Cash withdrawal, you can also perform other banking facilities through this system like balance inquiry, deposits, and fund transfer.

To see the original source visit this page: https://www.quora.com/What-is-an-AEPS-cash-withdrawal