How many times you can withdraw cash from AEPS authorized vendors in India?
How many times you can withdraw cash from AEPS authorized vendors in India? The clever people often approach the nearby AEPS service providers for cash withdrawals when their ATM limits are over. Their banks will charge some amount when they exceed the permitted limits in a month. Thus, the AEPS service providers like money transfer agents, travel agencies, and mobile/DTH recharge shops are becoming the next best option to withdraw money without any charges. I have detailed here to clear your doubts.
Minimum Withdrawal Limit in a day.
A minimum of 5 times cash withdrawals are permitted in a day. It is advisable to check with your branch where you have opened a savings bank account by enabling AePS. Today, many private banks offer AEPS apart from nationalized banks in India.
Local Money Transfer Agents
Many of the money transfer agents use the Digital Trade Hub platforms. Thus, they are serving AEPS as one of the financial services to AEPS registered Indians to withdraw cash in rural and urban areas. You can avail of their service when your bank is closed, on holidays, and no nearby ATMs. If you are on a travel or in a village, you can maximum withdraw cash at AEPS service providers for a maximum of 5-transactions in a day. The 6th time you try, the AePS system will show the pop message as the daily limit is over.
Local Mobile/DTH Recharge Shops
Many mobile/DTH/electricity bills online payment service providers exist in India. When you need urgent money, and there is no ATM or bank to withdraw money, you can approach a nearby local recharge shop authorized for AePS services. You can daily withdraw money up to 5-times from such shops.
If you have a question How many times you can withdraw cash from AEPS authorized vendors in India?
You can withdraw money up to 5-times from such shops. The RBI may increase this limit in the future. The present limit as of March 2022 is five times per Indian citizen linked to AePS service from their bank. National Payments Corporation notifies any such changes of India (NPCI), which is under RBI’s governance.
Visit Digital Trade Hub and register if you wish to become an AEPS Merchant
The existing small shop owners, startups, and others can become distributors or agents by registering on the Digital Trade Hub platform.
We recommend Digital Trade Hub as one of the trusted AEPS service providers in India. Click their link here and register after registering as an AEPS agent. They give a higher commission with 24*7 Customer Support. Their Customer Support team will be available on Holidays Also.
To download DTH Money App Click Here
We hope we your question What are the minimum rupees to withdraw via AePS? AePS? got answered.
You can DTH Customer care any time for further.
