Cash Withdrawal Rules: ATM is used for cash withdrawal, but there is also a very easy way to withdraw money, which you can do with your Aadhar card. This service can also be used for balance inquiry and fund transfer at micro-ATM.
Cash Withdrawal Rules: Nowadays, users are preferring digital transactions over cash. However, there are many occasions when we need cash. Usually ATMs are used to withdraw cash quickly, but there is also a very easy way to withdraw money. You can do this cash withdrawal with your Aadhaar card. NPCI i.e. National Payments Corporation of India is offering AEPS (Aadhaar Enabled Payment System) to users. This service allows users to do banking related work with Aadhaar card number and biometric authentication. It can be used for cash withdrawal, balance inquiry and fund transfer at micro-ATM.
Withdraw cash with the help of Aadhaar card like this:
To withdraw cash from Aadhaar card, it is most important that your Aadhaar number is linked to the bank account. If your Aadhaar number and bank account are linked, then follow these steps:-
1- Visit a banking agent or micro-ATM that supports AEPS. These are usually found in rural areas, banking outlets or mobile banking services.
2- Enter your 12-digit Aadhaar number on the micro ATM.
3- Complete the biometric verification process with the help of a fingerprint scanner. Your data must match with the Aadhaar card for authentication to be successful.
4- After authentication, the system will show you several options. Select ‘Cash Withdrawal’ from these.
5- Enter the amount of cash you want to withdraw. After doing this, money will be debited from your linked bank account. Keep in mind that the amount you are entering should be within the withdrawal limit.
6- After the transaction is completed, the banking agent will give you the cash. Also, you will receive a message on your registered mobile number regarding the completion of the transaction.
Keep these things in mind
1- Share your Aadhaar number only with authorized banking services.
2- Keep your registered mobile number updated for transaction alerts.
3- Make sure that the fingerprint scanner used in the process is secure.
Let us tell you that almost all the major national and regional banks are offering AEPS service. However, its availability also depends on the bank branch and area.
