Commission on Lower Slabs W.E.F 04rd August 2020 !!
- 04/08/2020
- Posted by: roshiya
- Category: e Digital Service Point
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We are glad to announce that considering the current transaction trend we have made changes in the commercial for lower amount slab of AEPS as per the table below.
New Commission will applicable from 4rd August 2020
- AEPS
AEPS (Aadhaar Enabled Payment System) is a payment service empowering a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled bank account and perform basic banking transactions like balance enquiry, and cash withdrawal, remittances through a Business Correspondent.
- What is AEPS?:
Aadhaar Enabled Payment System (AEPS) is a type of payment system that is based on the Unique Identification Number and allows Aadhaar card holders to seamlessly make financial transactions through Aadhaar-based authentication. This is a simple, secure and user-friendly platform for financial transactions.