Cash Deposit & Money Transfer

Cash Deposit Services

AEPS (Aadhaar Enabled Payment System) is digital banking service that enables retailers to provide basic banking functions such as cash deposit , cash withdrawal, balance inquiry, and domestic money remittances to their customers and earn money as commission. It is a win-win situation for both – the local retailers and the customers. Instead of searching for ATMs or standing at long queues at bank branches, customers can walk up to any zambo retail store and conduct banking transactions with their Aadhaar number and fingerprint authentication.

Benefits:

• Safe & Secure system
• No need to carry Debit or Credit card
• Easily withdraw money, without visiting bank or ATM
• Only Aadhaar number and fingerprint authentication required
• Through AEPS, all bank account holders will be able to access their bank accounts through Aadhaar authentication
• With AEPS, the only information required to initiate a transaction is Aadhaar number and biometric information