What is AEPS Full Form, Meaning, Stand for, And Definition

Do you want to know, “What does AEPS stand for” In this post, we are going to learn about “What is the full form of AEPS? “Not only this, But you will also come to know What is the Meaning of AEPS in Different Categories? and also what are the Abbreviations of AEPS Full Form? So You should read this post till the End?

What is Meaning and Full Form of AEPS

AeSP - Aadhaar Enabled Payment System

AEPS Stands for Aadhaar Enabled Payment System. AeSP is a type of payment system developed by the National Payments Corporation of India (NPCI).

With the help of AePS, financial transactions or easy fund transfer can be done by verifying the Aadhaar number, fingerprint as well as an iris scan. But this payment system will work for only those persons whose bank account already has an Adhaar card link.

Fingerprint or iris scan is done by AEPS, and it verifies the authentication for the identity of the person from the database of Micro-ATM UID and approves the person to transact with his bank account.

There is no need for a bank passbook while doing its transaction. For this only the fingerprint of the account holder is required

All the public and private banking sector of India is linked to the AEPS Payment System, it is the goal of National Payment Corporation of India (NPCI) that everyone can be connected to the bank with the help of AEPS.

Feature and Benefits of AEPS

Balance Inquiry
Through AePS, you can get information about the amount deposited in your account. For this only you have to use Micro-ATM.

Cash Withdrawal
You can get cash withdrawal from your bank account by scanning the fingerprint through AePS, you do not need to go to the bank.

Cash Deposit
With Aadhaar Enabled Payment System (AEPS), you can deposit cash in your or someone else’s account.

Mini Statement
AEPS also gives you the facility of mini statements related to your account, from which you can know what activity has happened in your account or when and how much money has been deposited or withdrawn.

Mobile no. update
Any account holder can update and change the mobile number associated with his account with the help of AEPS. And all the updates and notifications of your bank keep getting on this mobile number.

Aadhaar to Aadhaar Fund Transfer
AePS Payment System gives you the facility of Aadhaar to Aadhaar Fund Transfer, with the help of which funds can be transferred from one base to another.

eKYC ( Finger Detection/IRIS Detection)
It also provides the facility of eKYC, with the help of eKYC you verify your identity and address in your bank. Although you have to go to the bank to get KYC done, with the help of the AEPS Payment System and Micro-ATM, online KYC is also done through an Aadhaar card.

Some Other Terms, Definitions and Meaning of AEPS

Finally, you have got the answer to the question of “What is AEPS” We used AEPS as an acronym in banking to represent the Aadhaar Enabled Payment System. But There is some Most Using AEPS Full form is Arctic Environmental Protection Strategy or the Meaning of AEPS of giving abbreviation is Aviation Employee Placement Service or The full form of AEPS is Advanced Electrical Power Systems Let’s Learn the AEPS ka Full Form.

AcronymsAeps Meaning
AEPSAssessment Evaluation and Programming System
Computing – Software
AEPSAmerican Eagle Protective Services
Miscellaneous – Unclassified
AEPSApplied Evolutionary Psychology Society
Education – Psychology
AEPSAdvanced Electronic Support Product
Business – Products
AEPSAlternative Electric Power Systems
Business – Companies & Firms
AEPSAssessment, Evaluation, and Programming System
Education – Universities
AEPSAviation English Private School
International – English
AEPSArmy Electronic Product Support
Education – Electronics
AEPSAutomated Electronic Product Support
Governmental – Military
AEPSadhaar Enabled Payment Service
Miscellaneous – Unclassified
AEPSAmerican Electric Power Service Corporation
Business – Companies & Firms
AEPSAdvanced Energy Portfolio Standard
Business – General Business
AEPSAircrew Escape Propulsion System
Governmental – Air Force
AEPSAlternative Energy Portfolio Standards
Governmental – Energy
AEPSAadhaar Enabled Payment System
Miscellaneous – Unclassified
AEPSAlternative Energy Portfolio Standard
Governmental – Energy
AEPSAlternative Energy Product Suite
Governmental – Energy
AEPSArctic Environmental Protection Strategy
Governmental – Environmental
AEPSAssessment Evaluation Programming System
Computing – Software
AEPSAdvanced Electric Propulsion System
Governmental – Transportation
AEPSAdvanced Electrical Power Systems
Governmental – Military
AEPSadhar Enabled Payment System
Miscellaneous – Unclassified
AEPSAgricultural and Environmental Plant Sciences
Governmental – Environmental

FAQs Related to AEPS Full Form

In the above article, you have learned all About the Full Forms of AEPS. Now we are going to discuss some FAQs that are frequently asked on the internet. So there are many FAQs on AEPS let’s explore some of them.

Frequently Asked Questions
  1. What is the full form of AEPS?

    The full form of AEPS is ” Aadhaar Enabled Payment System ” The Definition of AEPS & we gave Also all meaning above, so check out the related information above section.

  2. What does AEPS stand for?

    AEPS stands for Aadhaar Enabled Payment System. But there may be over one meaning of AEPS, so check out all meanings of AEPS in the Above post section.

  3. What are Abbreviations of AEPS

    AEPS means Aadhaar Enabled Payment System. you can read Most used AEPS Full-Form. check out related information in the above section.

  4. What is the meaning of AEPS?

    The meaning of the AEPS is “Aadhaar Enabled Payment System“. to know more about it, check out the related information above section.

  5. What Are the AEPS Full Form in Different Categories?

    AEPS stands for in Different Categories. it has many other Full Forms and that are listed in the above table you can read them.

In this post, we discussed all the important things about What is AEPS. You will not only get all the possible AEPS Full Form & Meaning. But also get various acronyms, abbreviations, and the meaning and full form of AEPS with definitions.

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