NEW DELHI: Riding on the growing usage of digital banking in India, the country’s largest payments bank, Paytm Payments Bank (PPBL) has enabled banking services through Aadhar cards by integrating Aadhaar enabled Payment System (AePS).

The customers can now access to services such as cash withdrawal, balance inquiry, and obtain a mini statement through the business correspondent of any banking & financial institution in the country.

PPBL has also partnered with over 10,000 business correspondents, who will have access to BC App for facilitating AePS transactions. The maximum amount is limited to Rs. 10,000 per transaction. For cash withdrawal, the monthly limit is Rs. 50,000 or 10 transactions, whichever is reached earlier.

AePS is an NPCI-led model which allows online interoperable financial inclusion transaction at PoS (Micro ATM) through the Business correspondent of any bank using the Aadhaar authentication. The only inputs required for a customer to do a transaction under AePS mode is IIN (identification of the customer’s bank), Aadhaar number, and fingerprint. It is also used for disbursements of Government entitlements like NREGA, social security pension, handicapped/ old-age pension, etc.

Paytm Payments Bank CEO & MD Satish Kumar Gupta said, “We have continued with our efforts to expand the digital banking network in the country and benefit millions of our customers with innovative features & unmatched service. With AePS, we are aiming to accelerate the financial inclusion in our country and ensure that people in the remotest part of India are able to access complete banking services.”

Recently, PPBL launched ‘Cash at Home’ facility, enabling customers to raise cash withdrawal requests through a helpline number and the requested amount is delivered at their home.