Aadhaar Enabled Payment System

SARK AEPS service enables our customers for hassle-free and secure cash to withdraw, balance enquiry and a mini statement from their AADHAR linked bank accounts.

What is AEPS ?

Aadhaar enabled Payment System (AEPS) is a secured payment method provided by the National Payments Corporation of India (NPCI) that allows aadhaar linked bank account holders to avail basic banking services such as balance inquiry & cash withdrawal. Customers simply need to tell SARK Retailer their 12-digit aadhaar number and aadhaar linked Bank name. Fingerprint authorization is done using a biometric device to avail the service.

Aadhaar Based Payment System

Aadhar enabled payment system is a bank-led model which allows online interoperable financial transaction at PoS (Point of Sale / Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank using the AADHAR authentication.

Services Offered by AEPS

• Cash Withdrawal
• Balance Enquiry
• Mini Statement

Benefits of AEPS for agents.

• Becoming SARK agent is a profitable business opportunity.
• SARK agents can register for AePS service to convert their shop to a mini ATM.
• Big profits from smaller investments.
• A long term business association.

Benefits of AEPS for Customer.

• Offers cardless cash withdrawals via Aadhaar authentication by SARK aeps app or portal.
• An easy and secure way for cash withdrawal and balance inquiry service.
• Any bank account holder or customer can access banking services by simply identifying their identity with the help of biometrics and Aadhaar numbers without having to remember the account number.
• Check and download a mini statement.

How to use AEPS?

The process of using AEPS is quite simple. Follow these simple steps :

• Visit a SARK outlet correspondent in your area. (It does not matter if you don’t remember your bank account can do transactions through AEPS.
• Provide the 12-digit Aadhaar number & Bank name to the SARK retailer.
• Select transaction type – cash withdrawal or balance inquiry.
• Enter the amount of the transaction (as applicable)
• Authenticate the transaction using biometric (fingerprint)
• The transaction is completed in seconds.
• The bank agent receives transaction receipt & the customer receives an SMS confirmation from the bank.

Benefits of AEPS for agents.

• Becoming SARK agent is a profitable business opportunity.
• SARK agents can register for AePS service to convert their shop to a mini ATM.
• Big profits from smaller investments.
• A long term business association.