New Delhi: In the changing times, people now use digital technology. The level of digitalisation has increased a lot from factories to banking and joining any scheme. From shopping in the shop to paying bills, the online process is being considered paramount. But there are still many shopkeepers and businessmen who think it is right to take cash.
If there is no cash, goods are not available. People have to go to the ATM to withdraw cash. Many times, as soon as the supply of cash runs out from the ATM, one has to face problems. But now this is not going to happen. You can also withdraw the amount deposited in the bank with the help of an Aadhar card. Below is how you can withdraw cash from an Aadhar card.
How to withdraw money from an Aadhar card
The money deposited in the bank through the Aadhar card can be withdrawn with the help of the Aadhar Enabled Payment System, i.e. AEPS. AePS, i.e. Aadhar Enabled Payment System, is a system that has been approved by the National Payments Corporation of India. Under this, you can withdraw cash from the bank by using only your Aadhar number and fingerprint.
You can check the balance or take out a mini statement easily. In this system, you neither need an ATM card nor do you need to enter PAN and OTP. This will save you from the long queues at the bank. Your Aadhaar card must be linked to your bank account.
How to withdraw money
First of all, you can go to the nearest banking representative or micro ATM. This person lives in a shop or a mini-branch of the bank. He is also known as BC Agent. These people are also seen doing transactions with portable machines.
For this, first of all, you will have to enter your 12-digit Aadhaar number in the BC Agent’s machine.
After this, you will have to put your finger in a fingerprint scanner. This will be the work of matching your identity with the Aadhaar database.
Then you will have to choose the option of cash withdrawal.
Then you will have to enter the amount you want to withdraw.
After this, you will get the money as soon as the finger is identified.
The SMS of the transaction will also be visible on your registered mobile number.
Important things to withdraw money from AePS
Then the bank account must be linked to the Aadhaar card.
After this, only that account will start working that is linked to Aadhaar as the primary account.
Then a fingerprint is required for the transaction, not OTP or PIN.
After this, how many times can you withdraw money?
This depends on the limit of each bank.
After this, the RBI has not set any specific limit.
For security, banks allow only up to 50,000.
After this, this limit can also be changed.
So, get information from your bank.