Charges will be levied on more than one transaction through Aadhaar, know how much you have to loose pocket

IPPB Revises Service Charges 2022: If you use India Post Payments Bank. So let us tell you that big news related to post payment bank is coming out. India Post Payment Bank has revised the transaction charges through Aadhaar Enabled Payment System (AePS) at the post office. After this, you will have to pay a charge along with GST for using it more than 1 time.

Will be applicable from 1st December
According to the notification released on the IPPB website, these charges will be effective from December 1, 2022. Under this, now customers will have to pay a fee for doing more than 1 transaction. This includes withdrawing money from the post office through Aadhaar, depositing or taking mini statement etc. IPPB says that if you do more than 1 AePS transaction in 1 month, then in such a situation you will not have to pay any fee.

how much will be the fee
According to the IPPB circular, after this limit, you will have to pay Rs 20 plus GST on every cash deposit and withdrawal. On the other hand, if the customer wants to take a mini statement, then he will have to pay Rs 5 and GST as charge.

What is AePS service
According to the IPPB website, AePS is a bank based model, allows online interoperable financial inclusion transactions over PoS (MicroATM) from any bank using Aadhaar verification. AePS allows you to do multiple types of transactions.

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It is necessary to give this information
According to sources, you have to do any type of transaction through AePS. For this you have to give some important information. In this, to complete any transaction, you have to give Bank Name, Aadhar Number and Fingerprint.

What is the facility
You get many types of banking facilities through AePS. In this, the facility of mini statement withdrawal, deposit of money, withdrawal of money, balance inquiry, transfer of funds from Aadhaar to Aadhaar (Aadhaar Card Cash Transfer), BHIM Aadhaar Pay (BHIM Aadhaar Pay) will be available.

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