There is no such thing as an “Aadhaar ATM.” Aadhaar is a 12-digit unique identification number that is issued by the Indian government, and it is used for various purposes such as identity verification, accessing government services, and opening bank accounts.
However, some banks in India have implemented Aadhaar-enabled payment systems (AEPS), which allow customers to use their Aadhaar number and biometric authentication to perform banking transactions such as cash withdrawals, balance inquiries, and fund transfers. These transactions can be done at a bank branch or through a business correspondent (BC) using a micro-ATM, which is a handheld device that is used to perform banking transactions.
So, while there is no such thing as an “Aadhaar ATM,” the AEPS system allows customers to perform banking transactions using their Aadhaar number and biometric authentication, which can be done at a micro-ATM.
Aadhaar ATM service?
Aadhaar ATM service is not a standalone service or product. Aadhaar-enabled payment system (AEPS) is a banking service that enables customers to use their Aadhaar number and biometric authentication for banking transactions such as cash withdrawals, balance inquiries, and fund transfers.
AEPS can be used through a micro-ATM, which is a handheld device that is used to perform banking transactions. The micro-ATM is typically operated by a business correspondent (BC) or a bank representative, and it allows customers to access banking services in areas where traditional banking infrastructure is not available.
To use AEPS, customers need to link their Aadhaar number to their bank account, and they need to register their biometric data (fingerprint or iris) with the bank. Once registered, customers can use their Aadhaar number and biometric authentication to perform banking transactions at a micro-ATM.
So, the Aadhaar ATM service refers to the banking services provided through the AEPS system using a micro-ATM.
