Aadhar update: Changes in the Aadhaar payment system, for more details read the article...


Indian Post Payment Bank (IPPB) has recently increased the Aadhaar Enabled Payment System (AePS) service charge. If you use the Aadhaar payment system, then now you will have to pay more charges. Along with this, GST will also be added to it. According to IPPB's website, this increased charge will be effective from December 2022.


Users using AePS will be charged Rs 20 on cash withdrawal and cash deposit plus GST on every transaction over and above the free transaction limit. On the other hand, a charge of Rs 5 plus GST per transaction will be levied on mini-statement transactions. It has been informed by the website that no charge will be taken for 1 transaction on AEPS cash deposit, withdrawal, and mini-statement every month.

What is AePS?

AEPS is a bank-based model, which allows online interoperable financial transactions at POS (MicroATM) through the Business Correspondent of any bank using Aadhaar verification. Designed to effectively handle multiple service requests by enabling an authentication gateway for all Aadhaar-linked account holders from NPCI.

Who can use

Any resident of India who has an Aadhaar number linked to a bank account called an Aadhaar Enabled Bank Account (AEBA) can use the AePS service.

What services does AePS provide?

Customers can use the Cash Deposit, Cash Withdrawal, Balance Enquiry, Mini Statement, Aadhaar to Aadhaar Fund Transfer, Authentication and BHIM Aadhaar Pay banking services by entering the said credentials. Apart from these, AEPS also provides EKYC, Finger Detection, Demographic Authentication, Tokenization, and Aadhaar Seeding Status services.



What to do to take advantage

If you want to use this service then you must mandatorily have a bank account, and an Aadhaar card linked with the bank account. The transaction is completed using his/her biometric authentication only.