Paytm Bank Enable the banking services through Aadhar card
Paytm Bank now enabling the AePS on Banking Syatem, Now you can check your paytm payment bank balance and ministatement also you can withdrawal cash from paytm payment bank because paytm has now integrated the Aadhar Enabled Payment System.
Aadhar Enabled Payment System is an NPCI-led ( National Payment Corporation Of India) model which allows online interoperable financial inclusion transaction at PoS (Micro ATM) through the business correspondent of any bank using Aadhar Authentication.
Paytm Payments Bank Ltd (PPBL) is parent company of One97 Communications Ltd has enabled banking services through aadhar card by integrating the Aashar Enabled Payment System. Now all Customer of Paytm Payment Bank can access the basic banking facilities such as cash withdrawal , balance enquiry and also they can obtain the facility of mini statement.
The main AIM of the integration is to help the people who belong to the rural and semi-urban areas. They can access the better banking services without going to physically to bank and ATM, the all facilities can be used from the paytm payment bank mobile and nearest AePS authorised dealer.
What is AePS ?
AePS is a bank led model which allows online interoperable financial transaction at Pos (Poin of Sale / Micro ATM) through the business Correspondent / Bank Mitra of any bank using the Aadhar authentication.
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Paytm Payment Bank has partnership with iver 10,000 business corresponders, who will have access to the Business Correspondent App for facilitating AePS transactions. The Paytm Payment Bank plas to add more correspondents to its network to provide better AePS facilities to the Customers.