NSDL Payment Bank AEPS API Provider

NSDL Payment Bank AEPS API Provider

India is a densely populated country. Its residents mostly live in rural areas. Governments have to face a lot of difficulties to provide basic services to them. These facilities also include banking service. Bank branches may not be everywhere. Therefore, the remote people are either deprived of banking services or they have to travel from tehsil headquarters to district headquarters for this. All these problems were solved by AePS i.e. Aadhar based payment system, NSDL Payment Bank AEPS API. Through this, the access of banks has been ensured even in remote areas.

What is AePS?

Transactions have become very easy through this system. Now customers do not need to go to the bank to withdraw money and make deposits. And they don't have the hassle of keeping bank passbook/debit card etc. with them. With just Aadhar number, their basic banking work gets completed at home or near home. AePS is an Aadhaar-based payment system. By which inter-financial banking transaction inclusion is easily done. It has been developed by NPCI (National Payment Corporation of India) in consultation with Reserve Bank of India and member banks. The purpose of which is to provide banking services in unbanked areas.

Areas where there are no bank branches. This Aadhaar-Based Payment System has proved to be a boon for the people of those areas. Because, now the banks have come to them. There is no need for them to go to the bank. Actually, AePS is used with the help of a bank correspondent (BC). Bank BC has a Micro ATM / PoS machine with which the biometric device is connected. The customer enters his Aadhaar number and certifies the identity either by thumb or by using a photograph of the iris of the eye by stating the deposit/withdrawal amount. Once the identity is confirmed, the transaction is completed.

Services available through NSDL Bank AePS API:-

NSDL Bank AePS API provides both financial and non-financial services to the customers.

The details of which are as follows.

cash withdrawal

cash deposit

inter bank fund transfer

mini statement of account

balance inquiry

Only the BC of the concerned bank can do the work of money transfer. Rest of the services can be availed by any Bank Mitr. Therefore, a mobile banking system has been prepared with NSDL Bank AePS. Now you can do banking anywhere.

Softcare Infotech provides NSDL Bank AePS API solutions to the authorized business owners at a very reasonable and affordable cost. Our API services are well-versed and reliable and maintained by our highly qualified and experienced developers.

The API solutions also allow the customer to open a bank account online easily. Softcare Infotech is one of the best bank API provider based in Jaipur providing services in all over India. Our APIs are safe and highly secured. Improve your TAT for reconciliation and payouts with the help of NSDL Bank AePS API .

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