2 Easy Ways to Transfer Money Through Aadhaar – BHIM & AEPS
Aadhaar is the country’s most widely used and sophisticated identification system, if not the entire world. Since 2016, we’ve also been able to consider using this system for financial transactions. Today, the Aadhaar Enabled Payment System (AePS) makes it possible to use our Aadhaar for cash withdrawals, cash deposits, bank statements, and money transfers. However, the AePS service is not the only way to transfer money through Aadhaar.
Two Ways for Aadhar Card Money Transfer
There are two secure and widely accepted ways to transfer money using your Aadhaar credentials: the AePS payment service and the official BHIM app.
Way 1 – AePS (Aadhaar Enabled Payment System)
As the name suggests, the Aadhaar Enabled Payment System, or AePS, allows you to use your Aadhaar for core banking operations. You can use your unique identification number to access your bank account and perform basic banking transactions through a certified Business Correspondent (BC). Most AePS transactions happen seamlessly through micro-ATMs (mATMs) or Point of Sale (PoS) devices.
How to Execute an AePS Money Transfer?
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Prerequisites:
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You must hold an account with a bank that actively provides AePS services.
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Your Aadhaar card must be successfully linked (seeded) to your bank account.
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The recipient’s bank account must also be linked to their respective Aadhaar number.
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Visit an authorized banking/business correspondent or an active micro-ATM counter in your locality.
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On the micro-ATM or PoS terminal, enter your 12-digit Aadhaar number.
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Select the specific transaction type—in this case, Money Transfer.
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Input the recipient’s Aadhaar number and select their bank name.
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Enter the desired transaction amount.
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To confirm and authorize the real-time payment, authenticate using your biometrics (fingerprint or IRIS scan).
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Upon successful completion, you will receive an SMS confirmation from your bank along with a physical receipt from the merchant.
According to the National Payments Corporation of India (NPCI) guidelines, standard AePS transactions are capped at a maximum daily limit of ₹10,000 per transaction to ensure financial safety and reduce fraud risks. Individual bank limits may vary based on their risk management frameworks.
How AePS Can Help You Earn Money?
AePS isn’t just a passive tool for transactions; rather, it can be a brilliant business opportunity for retail entrepreneurs. FinTech solution providers like EzeePay Digital Bharat offer comprehensive merchant ecosystems that enable you to monetize these services:
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Turn Your Shop into a Mini-ATM: By deploying a portable Micro ATM device, you can convert your local retail store into a digital banking touchpoint.
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Become an EzeePay Retailers: You can utilize the application to provide essential doorstep banking services like secure cash withdrawals, deposits, Aadhaar Pay, insurance premium collections, and Money Transfer assistance.
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Earn Commission Income: For every successful digital transaction processed through your terminal, you earn a structured commercial commission, paving the way for a stable monthly revenue stream.
Way 2 – BHIM (Bharat Interface for Money) App
The Bharat Interface for Money (BHIM) is a flagship payment application developed by the National Payments Corporation of India (NPCI). It allows you to seamlessly make payments and receive funds using a Unified Payments Interface (UPI) ID, bank account details, QR codes, and directly via an Aadhaar number.
A key benefit of the BHIM app is its flexibility; it allows you to download and filter your digital footprint through the UPI passbook and easily manage multiple bank accounts within a single interface. Furthermore, you can now create a secure UPI PIN using your Aadhaar card details even if you do not possess an active debit card.
How to Access the BHIM App as a First-Time User:
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Download and install the official BHIM app from the Google Play Store or Apple App Store.
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Select your preferred language and grant the mandatory application permissions.
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Select the SIM slot linked directly to your registered bank account if you use a dual-SIM smartphone.
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Set a unique 4-digit app passcode. Remember it carefully, as it acts as your primary access password.
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Link your desired bank account. When prompted for validation, choose the Aadhaar Card verification path to securely generate your UPI PIN via an OTP received on your Aadhaar-registered mobile number.
5 Simple Steps for Aadhaar Card Money Transfer Through BHIM:
Critical Digital Safety Practices (Do’s & Don’ts)
To keep your digital assets secure, keep these primary fintech guidelines in mind:
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Verify the Merchant: Avoid scanning your biometrics repeatedly on unverified or unofficial micro-ATM terminals.
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Keep Alerts Active: Always keep real-time SMS and email transactional notifications enabled on your bank account.
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Guard Sensitive Information: Authorized corporate entities or FinTech operators (like EzeePay) will never contact you over a phone call or SMS asking for your confidential UPI PIN, passwords, or transaction OTPs.
Final Words
The Aadhaar card in your pocket is a powerful financial tool that comes with extensive utility. If you live in an environment where accessing a physical bank branch is difficult, or if obtaining a standard debit card is an obstacle, utilizing your Aadhaar allows you to reap deep banking benefits instantly.
Moreover, if you have the entrepreneurial drive and the opportunity, you can easily become a critical service provider in your locality using platforms like EzeePay. It goes without saying that driving financial inclusion in rural and semi-urban landscapes is both a socially impactful and commercially profitable venture.
