February 19 2019
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Let'sGo - AEPS 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 Aadhaar
authentication.
*How to get it:*
- Provide KYC (Know Your Customer) information to open a new account
- Aadhaar Number should be linked with bank a/c
*Service Activation:*
- None
- 1-2 minutes post Aadhaar seeding
*What is required for Transaction:*
- MicroATM
- Remember Aadhaar
- Give Bank name
- Present self (Aadhaar holder) with Bio-metrics (Finger and/or IRIS)
- Assisted mode
*Transaction Cost:*
- NIL to customer
- Merchant or BC may get charged or paid based on bank‘s discretion
Disclaimer: The transaction costs are based on available information and
may vary based on banks.
*Services Offered:*
- Balance Enquiry
- Cash Withdrawal
- Cash Deposit
- Aadhaar to Aadhaar funds transfer
- Payment Transactions (C2B, C2G Transactions)
Disclaimer: Can be Changed to RBI Rurals.
*Funds Transfer limit:*
- Banks define limit. No limit for RBI.
Disclaimer: The funds transfer limits are based on available information
and may vary based on banks.
*Service Available from no. of operators:*
https://letsgosoftech.co.in/
- Yes banks
- Interoperable