Cash Withdrawal Using Aadhaar Card: A Quick Guide

General
1

In India, the Aadhaar Enabled Payment System (AEPS) allows you to withdraw cash conveniently using your Aadhaar card. Here’s everything you need to know!

What is AEPS?

AEPS, initiated by the National Payments Corporation of India (NPCI), enables users to carry out basic banking transactions using their Aadhaar number and biometric authentication. You can withdraw cash, check your balance, or transfer funds at micro-ATMs or through banking agents.

How to Withdraw Cash Using Aadhaar Card: Step-by-Step

  1. Visit a Micro-ATM: Head to a banking agent or a micro-ATM that supports AEPS services.
  2. Provide Aadhaar Number: Enter your 12-digit Aadhaar number at the terminal.
  3. Fingerprint Authentication: Use your thumb on the biometric scanner for verification.
  4. Select Transaction Type: Choose “Cash Withdrawal” from the options.
  5. Enter Withdrawal Amount: Specify the amount you want to withdraw.
  6. Receive Cash: Collect your cash once the transaction is completed. You’ll receive a confirmation SMS.

AEPS Withdrawal Limits

  • Daily Limits: Most banks allow withdrawals ranging from ₹10,000 to ₹50,000 per day, depending on the bank’s policy.
  • Bank-Specific Policies: Some banks may have disabled AEPS services for security reasons.

Benefits of AEPS

  • Convenient Access: Perfect for rural areas or locations with limited banking infrastructure.
  • User-Friendly: Biometric authentication makes it simple and accessible for everyone.
  • ATM Alternative: Extends cash withdrawal beyond traditional ATMs and bank branches.

When is AEPS Most Useful?

  • Rural Areas: Where banking facilities may be scarce.
  • Emergency Situations: When visiting a bank or ATM is not possible.
  • For the Elderly and Differently-Abled: Easier access to cash without navigating complex banking systems.

Security Tips for Using AEPS

  • Only Share Aadhaar in Secure Settings: Provide your Aadhaar number only at authorized banking points.
  • Update Mobile Number: Ensure your registered mobile number is correct for transaction alerts.
  • Maintain Fingerprint Hygiene: Use fingerprint scanners in clean environments to ensure accuracy.

AEPS is supported by most major banks across India, but availability may differ by region or branch. It’s a simple, secure, and convenient way to withdraw cash using just your Aadhaar card!