BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the meaning of “E” in AEPS?
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Enabled
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Enquiry
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Equity
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Essential
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Explanation:
Detailed explanation-1: -Through the Aadhaar enabled Payment System or AePS, all Aadhaar card holders can make payments, transfer funds, make withdrawals, deposit cash and other bank related activities by using Aadhaar based authentication.
Detailed explanation-2: -Aadhaar Enabled Payment System (AePS) – Aadhaar Pay. NPCI.
Detailed explanation-3: -A. 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.
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