ATM Cash Withdraw Rules: Even though we make online payments at most places, still we need cash at many places and if there is no ATM nearby, then it becomes a big problem. In such a situation, users have the option of withdrawing money through micro ATM using Aadhaar number. How to use it and what are the benefits in it. We are going to tell you everything.
ATM Cash Withdraw Rules: At present, people are using online platforms extensively for transactions. From street vendors to big restaurants, you will find scanners installed. Even though online payment can be made everywhere nowadays, but still many times we need cash. It often happens that we go anywhere relying on online payment, but there are some places where the facility of online payment is not available and neither do we have a debit card with which we can withdraw cash from ATM.
Now in such a situation, a big problem arises. However, in this situation, Aadhar card can be useful for you. Facility of withdrawing cash is available with Aadhar number. It is possible to do this through Aadhar Enabled Payment System (AePS). How? We are going to tell you the method here.
How to withdraw cash without ATM?
- Go to a micro ATM that supports AEPS.
- Enter your 12 digit Aadhaar number in the micro ATM machine.
- Put your finger on it for biometric authentication.
- Now select “Cash Withdrawal” from the transaction type.
- Enter the amount you want to withdraw.
- Withdraw cash from the ATM. Take a receipt after the transaction is complete.
What is AEPS?
The full form of AEPS is ‘Aadhaar Enabled Payment System’. It provides many banking related services to the customers through Aadhaar card. With the help of this facility, cash withdrawal, balance inquiry and fund transfer can be done. The facility of withdrawing money from Aadhaar Enabled Payment System is provided to the customers by the National Payment Corporation of India (NPCI).
AEPS Cash Withdrawal Limit
The limit for withdrawing cash is decided by the bank, which can usually be between Rs 10,000 to Rs 50,000. Some banks keep the AEPS service disabled due to security reasons. However, this service is available in rural areas and towns.
Keep important things in mind
- Even if you withdraw cash using this service, it is important to keep some important things in mind during this time.
- You should enter the Aadhaar number in only that micro ATM which is authorized.
- Always keep the registered mobile number active to keep track of every activity related to the transaction.
- Apart from this, when your transaction is completed, take the receipt carefully.
Benefits of using AEPS
- It is an effective way to withdraw money in areas where main banks do not provide service.
- The process of withdrawing payment through Aadhar card is very easy. There is not much hassle in it.
- Due to this, the dependence on withdrawing cash from ATM ends.
