technology medium Fill in the Blank

The system that enables cash withdrawals and balance inquiries at micro-ATMs using Aadhaar authentication is called ________.

  1. NAT
  2. AePS
  3. SMTP
  4. TDMA

Answer: AePS

AePS (Aadhaar Enabled Payment System) allows bank customers to use Aadhaar number and fingerprint/iris for basic banking transactions at Micro-ATMs through Business Correspondents. Operated by NPCI, it promotes financial inclusion in rural areas without need for cards, phones, or internet.

Topic Digital Payments
Exam Relevance Banking, SSC, Railway
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