Have you ever needed cash immediately but couldn’t go to the bank or ATM? In India, a helpful service called the Aadhaar ATM can assist you.
In today’s fast-paced digital world, convenience is key, especially when managing finances.
If you rely heavily on digital payments like UPI but often find yourself in need of cash, then you’re in luck.
Imagine having cash delivered right to your doorstep. Well, this convenience is now a reality with the AePS service offered by India Post Payments Bank.
IPPB Doorstep Banking
India Post Payments Bank is providing IPPB Doorstep Banking services at your home. Now you won’t have to leave the comfort of your home for your routine banking transactions.
Now you can enjoy these banking facilities at your doorstep. This service is available for all citizens across India.
Money door delivery
The postal department has made available a super feature, i.e., Money Door Delivery, for those who cannot go to the bank or ATM for cash.
Indian Post Payment Bank (IPPB) is providing cash and AePS at doorstep. An Aadhaar-linked bank account is mandatory for this.
You can get a maximum of ten thousand ruppes. Money delivery takes 24 hours or more.
Aadhaar ATM
India Post Payments Bank allows cash withdrawals and deposits from any Aadhaar-linked bank account from the comfort of your home through the Aadhaar ATM Service.
Aadhar ATM brings any Aadhaar-linked bank account to your Doorstep. Experience ultimate banking convenience with IPPB Aadhaar ATM (AePS) Service, right at your doorstep.
AePS Cash Withdraw
In need of urgent cash but don’t have time to visit the bank? Worry not! With
IPPB Aadhaar ATM (AePS) service, withdraw cash from the comfort of your home. Your Postman now helps you to withdraw cash at your doorstep. Avail Now!
AePS Cash Deposit
Now you can seamlessly deposit cash to any of your Aadhaar-linked bank accounts at your leisure. Say goodbye to queues and welcome hassle-free transactions in your life!
Aadhaar Enabled Payment System
Aadhaar ATM is an Aadhaar-enabled Payment System (AePS) that allows you to deposit and withdraw cash from any of your Aadhaar-linked bank Accounts.
Access Aadhaar linked any Bank account with IPPB AePS services at any Post office or your Doorstep through Postman or Gramin Dak Sevak.
| Name of the Service | Aadhaar ATM |
|---|---|
| Service Type | Aadhaar Enabled Payment System |
| Service Provider | India Post Payments Bank |
| Transaction Maximum limit | Rs 10,000/- |
| AePS service resquest form | Doorstep Banking Servie Request Form |
How does the Aadhaar ATM service work?
The process is simple. You can request a cash withdrawal through the bank’s specified channels, which are online or via phone banking.
Once your request is verified, the bank will process it and ensure the cash is delivered directly to your home. It’s as easy as that.
However, there are a few requirements to keep in mind. You must have an account with an AEPS participating bank, and your Aadhaar number must be linked to this account.
Transactions are authenticated solely through biometric verification, adding an extra layer of security to the process.
What about delivery time and limits?
The delivery time for cash can vary, typically ranging from 24 hours to a few days depending on the distance from the post office or bank to your residence.
As for limits, the NPCI has imposed a cap of 10,000 rupees for a single AEPS financial transaction.
Additionally, there may be a fee for the doorstep service, depending on the bank’s current rates.
AePS Services
Aside from cash withdrawal, the AEPS platform also provides other useful services. Below are the services available under Aeps:
- Cash Withdrawal
- Cash Deposit
- Balance Enquiry
- Mini Statement
- Aadhaar to Aadhaar Fund Transfer
This comprehensive range of services caters to various financial needs, making banking more accessible and convenient for everyone.
Benefits of Aadhaar ATM service
- Convenient cash withdrawals from the comfort of your home
- No need to visit a bank or ATM, saving time and effort
- Simple request process through bank channels, online, or phone banking
- Enhanced security with biometric verification for transactions
- Accessible to individuals with disabilities or mobility challenges
- Minors may also utilize the service, subject to bank eligibility criteria
- Additional services available such as balance inquiry, mini statements, and fund transfers
- Flexible delivery time, typically within 24 hours to a few days depending on location
- Helps ensure financial independence and accessibility for all socio-economic groups
Who benefits from Aadhaar ATM service?
Aadhaar ATM service is great for people who have trouble getting to the bank. This includes older folks, people with disabilities, and anyone who likes the ease and security of getting cash delivered home.
It’s worth noting that minors are also permitted to use these services, although eligibility may vary depending on the issuing bank.
How to avail the Aadhaar ATM Benefits?
However, all Aadhaar card holders need to follow the below steps to withdraw money using an Aadhaar ATM.
- First, you must visit the IPPB official website ( https://www.ippbonline.com/web/ippb ) home page to avail of the Aadhaar ATM benefit.
- After going to the home page, click the Door Step Banking ( https://www.ippbonline.com/web/ippb/doorstep-banking ) option.
- After clicking a form will appear in front of you which you have to fill carefully.
- Complete all the information asked there.
- After that, you have to enter the name of the nearest post office and click on Proceed option
After following all the above-mentioned steps, you will easily get an Aadhaar ATM. A postal employee will come to your home and withdraw the cash.
Conclusion
The Aadhaar-enabled payment system (AEPS) service provided by India Post Payments Bank offers a convenient solution for those needing cash without the hassle of visiting a bank or ATM.
With its easy-to-use interface and range of services, AEPS is revolutionizing how people access their finances. So why wait? Experience the convenience of doorstep cash delivery with AEPS today!
FAQs
What is AePS?
Aadhaar Enabled Payment System (AEPS) is a payment service that allows a bank customer to use Aadhaar as his/her identity to access his/her Aadhaar-enabled bank account and perform basic banking transactions like balance inquiry, cash withdrawal, and remittances through a Business Correspondent.
How does the Aadhaar ATM service work?
To avail of cash delivery through AEPS, you must request a withdrawal via your bank’s specified channels. Once verified, the bank will arrange for the cash to be delivered to your doorstep.
What is the Aadhaar ATM service?
The Aadhaar ATM service is an Aadhaar Enabled Payment System (AePS) that allows cash withdrawals from the comfort of your home.
Can minors use these services?
Minors may be permitted to use these services, but eligibility may vary depending on the issuing bank’s policies.
Apart from cash withdrawal, what other services does AEPS offer?
AEPS provides services such as money deposits, withdrawals, balance inquiries, mini statements, and Aadhaar to Aadhaar fund transfers.
What do I need to use this service?
You must have an account with a bank participating in AEPS, and your Aadhaar number should be linked to this account. Transactions are authenticated through biometric verification.
How long does it take for cash delivery?
Delivery time varies, typically 24 hours to a few days, based on the distance from the post office or bank to your residence.
Is there a limit to cash withdrawal?
Yes, the NPCI has set a limit of 10,000 rupees for a single AEPS financial transaction.
Is the service free of cost?
There may be a fee for the doorstep service, depending on your bank’s current rates.