Background In order to further speed track Financial Inclusion in the country, Two Working Groups were constituted by RBI on MicroATM standards and Central Infrastructure & Connectivity for Aadhaar based financial inclusion transactions with members...
Aadhaar Enabled Payment System (AEPS) was started to enable a bank client to use Aadhaar as his/her identity to obtain their Aadhaar enabled bank account. Using AEPS the bank account holder can perform basic banking transactions like cash deposit,...
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