India Post Payments Bank: India Post Payments Bank introduces issuer charges for Aadhaar Enabled Payments

The India Post Payments Bank (IPPB) has announced that it has introduced issuer charges for the Aadhaar Enabled Payment System(AePS). These charges will come into effect from June 15, 2022. The India Post Payments Bank is a division of Indian Post, which is administered by the Department of Post.

According to the National Payments Corporation India (NPCI), “AePS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication. AePS allows you to do six types of transactions.”

India Post Payments Bank AePS charges

The first three AEPS transactions, such as AEPS cash withdrawal, AEPS cash deposit, and AEPS mini statement, will be free per month. Following the free transactions, each transaction (cash withdrawal or cash deposit) will cost Rs 20 plus GST, while a ministatement transaction would cost Rs 5 plus GST per transaction.

The only inputs required for a customer to do a transaction under this scenario are:-

  • Bank Name
  • Aadhaar Number
  • Fingerprint captured during enrollment.


Through a Business Correspondent, you can open an Aadhaar-enabled bank account and undertake basic banking transactions like cash deposit, cash withdrawal, intrabank or interbank fund transfer, balance inquiry, and acquire a mini statement.

Banking Services Offered by AePS

  • Cash Deposit
  • Cash Withdrawal
  • Balance Enquiry
  • Mini Statement
  • Aadhaar to Aadhaar Fund Transfer
  • Authentication
  • BHIM Aadhaar Pay

Other Services offered by AePS

  • eKYC
  • Best Finger detection
  • Demo Auth
  • Tokenization
  • Aadhaar Seeding Status

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