All those people who are currently using AEPS have been warned by the Ministry of Home Affairs. It has been said on behalf of the ministry that biometric information is very confidential and also sensitive.
Day by day cashless transactions or digital transactions are increasing in the country. Due to the Kovid-19 epidemic, people have started trusting it more now. At this time, from Paytm to Google Pay, PhonePe and many such platforms are present and people are using them. In the midst of all this, the trend of Aadhar Based Payment System (AEPS) is also increasing. Due to this digital transaction, now fraud has also started increasing. In such a situation, people also need to be alert.
Keep Biometric Information Safe
All those people who are currently using AEPS have been warned by the Ministry of Home Affairs. It has been said on behalf of the ministry that biometric information is very confidential and also sensitive. In such a situation, it should always be ensured that it remains safe. According to the ministry, never give fingerprints or retina scans at suspicious and unauthorized places.
What is AEPS and how does it work?
AEPS is a model based on the bank which allows online transactions. It can be used in banks using Aadhaar authentication. AEPS is a system developed by National Payments Corporation of India (NPCI). The system allows people to withdraw money through Micro-ATMs by verifying them with the help of Aadhaar number and their fingerprint/iris scan. People do not need to give their bank account information to withdraw money. With the help of this payment system, people can send and receive money from one bank account to another through their Aadhaar number.
what facilities
Only those customers can take advantage of this facility whose bank account is linked with Aadhaar. Any account holder having an Aadhaar-linked bank account can initiate transactions through this system. He has to authenticate his identity with fingerprint scan and Aadhaar authentication process. People get facilities like withdrawing cash from Aadhaar payment, information about the amount deposited in the account, sending money from Aadhaar to another’s Aadhaar linked account and mini statement.
