Cash Withdrawal via AePS
Our Aadhaar enabled payment service provides a fast and secure way to withdraw fund, make urgent payments, or manage your day-to-day cash flow needs
Cash withdrawal in AePS (Aadhaar Enabled Payment System) allows a person to withdraw money from any of their bank accounts using their Aadhaar number and biometric authentication. For this, they have to visit their nearest BankU Seva Kendra.
Cash Deposit via AePS
Deposit cash easily and securely at any of our BankU Seva Kendra, effectively transferring funds to your digital account.
AePS Cash Deposit means depositing cash into a bank account using Aadhaar Enabled Payment System (AePS). It allows you to deposit cash into your bank account using your Aadhaar number and fingerprint authentication.
Mini Statment via AePS
Access your mini statement quickly and easily at any of our retailer point. Providing you with a real-time snapshot of your recent account activity.
A mini statement in AEPS (Aadhaar Enabled Payment System) typically provides a brief overview of recent transactions associated with a bank account linked to an Aadhaar card. This statement usually includes details such as the date, time, transaction type, and amount of the transactions.
Balance Enquiry via AePS
Through our Aadhaar Enabled Payment Service you can get real time Balance Enquiry of any of your banks.
Balance enquiry in AEPS (Aadhaar Enabled Payment System) refers to the process of checking the balance of your bank account linked to your Aadhaar number using the AEPS platform. When you initiate a balance enquiry through AEPS, the system verifies your identity through biometric authentication and then retrieves and displays the current balance of your bank account. This allows you to stay updated on the available funds in your account without visiting a bank branch or using traditional banking methods.
Saving Accounts
A savings account is a basic bank account designed to hold and grow money safely while earning interest. It's a convenient way to manage finances, including making deposits, withdrawals, and transfers, and is often used for building an emergency fund or saving for specific goals. Here's a more detailed look:
Purpose:
Savings accounts are primarily for saving money that isn't needed for immediate expenses.
Interest:
Most savings accounts pay interest on the balance, which helps the money grow over time.
Accessibility:
Funds in a savings account are generally easily accessible for withdrawals and transfers.
Liquidity:
Savings accounts offer a high degree of liquidity, meaning you can access your money quickly when needed.
Benefits:
Beyond earning interest and providing a safe place to save, savings accounts can also offer features like online banking, ATM access, and debit card options.
Current Accounts Only Sole Proprietorship & Individual
A current account is a bank account, typically used by businesses and professionals, designed for frequent transactions and immediate access to funds. It doesn't earn interest and often comes with features like higher transaction limits, overdraft facilities, and access to debit cards.
Key Features:
- No Interest: Unlike savings accounts, current accounts generally don't offer interest on the balance.
- High Transaction Limits: They allow for more frequent and larger cash deposits and withdrawals.
- Overdraft Facility: Some banks offer overdraft facilities, allowing businesses to temporarily borrow funds to cover expenses if their account balance is insufficient.
- Debit Cards and Online Banking: Current accounts often come with debit cards for convenient transactions and online banking for managing funds.
- Cheque Books:Businesses typically receive cheque books for making payments.
Who Uses Them?
Businesses:
Current accounts are essential for managing day-to-day operations like paying vendors, receiving payments, and managing payroll.
Professionals:
Individuals with frequent business transactions or high-volume financial needs also utilize them.
Entrepreneurs:
New businesses and startups often rely on current accounts for their financial transactions.
Single Payouts
The payment can be used for wallet settlement, so that the amount withdrawn by AEPS can be sent to your bank account. The bank account you want to send money to. For this, it is mandatory to whitelist the bank account once from our support team. This needs to be done only once. You can whitelist bank accounts, UPI IDs or even wallets. Additionally, you can add additional payments, allowing you to meet diverse business needs.
