.....is a payment system which uses Aadhar card number and an individuals online UIDAI authentication, which are linked to a customers Bank account.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____is a payment system which uses Aadhar card number and an individuals online UIDAI authentication, which are linked to a customers Bank account.

A	RTGS
B	NEFT
C	MTSS
D	AEPS

Explanation:

Detailed explanation-1: -AEPS is a bank led model which allows online interoperable financial transaction at PoS (Point of Sale / Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank using the Aadhaar authentication.

Detailed explanation-2: -Aadhaar Enabled Payment System (AEPS) is a payment service that allows a bank customer to use Aadhaar as his/her identity to access his/her Aadhaar enabled bank account and perform basic banking transactions like balance enquiry, cash withdrawal, remittances through a Business Correspondent.

Detailed explanation-3: -The Customer has to provide his/her Aadhaar number and biometrics/OTP.

Detailed explanation-4: -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. Fingerprint captured during enrollment.

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