What are the minimum rupees to withdraw via AePS?
What are the minimum rupees to withdraw via AePS? The Aadhaar-enabled payment system or AePS has been part of the Digital India initiative by the BJP government since 2014. Today there are many AePS service providers to serve PAN India locations. The Digital Trade Hub is one of the desi AePS service providers serving money transfer agents, Micro ATMs, travel agents, and Mobile/DTH recharge shops through their Windows platform Portal. Many AePS registered people inquire about the minimum amount withdrawal through such vendors. I have described them in detail.
Micro ATM Vendors
The micro ATM vendors use the POS or point of sale debit/credit card swiping machine. Thus, you can withdraw RS.100 as the minimum amount. The vendor will take Rs.10 service charge as the minimum amount as they have slabs to receive the commission amount by providing AePS services. They usually charge Rs.10 for withdrawal up to Rs.1000.
AePS Cash Withdrawal Limits at AePS Money Transfer Agents
An AePS registered Indian can withdraw cash without paying any charges to money transfer agents across India. You can withdraw cash from Rs.100 to 10,000/- in a day. INR 10,000/- is the maximum permitted limit as per RBI. It is as of March 2022. They are subject to changes. Thus, check with your money transfer agent before withdrawing cash.
AePS Withdrawal from Money Transfer Agents
Many of the travel agents and mobile recharge shops use Digital Trade Hubs AePS software. They are an authorized AePS service provider. You can withdraw cash with your bank ATM card up to INR 10,000/- in a day. They do not take any service charges from you.
AePS Cash Withdrawal Limits at AePS Micro ATM Vendors
A money transfer agent does not take any charges from you for withdrawing cash for them via AePS. Yet, you can withdraw a minimum of Rs.100 from them. They have a commission slab such that withdrawal below Rs.100 does not benefit them. Thus, it is not advisable to question them as it is my bank account and I want Rs.50 now.
Visit www.digitaltradehub.com and register if you wish to become an AEPS Service Provider. All you need is a small shop with the internet, laptop, PC, Smartphone or a tablet. They will provide AEPS software, scan devices and customer support.
Note–
AePS cash withdrawal need not require your ATM card handy. The AePS service provider use your thumb only. The money is withdrawn from your Aadhaar linked bank account.
AePS agents are the best to withdraw money when there are no ATMs present in a place.
AePS services are free of charge when you approach AePS authorized vendors in rural and urban areas across India.
As of March 2022, the minimum withdrawal amount is Rs.100. if any changes are there, the RBI will intimate via proper channels like the National Payments Corporation of India (NPCI). Such minimum withdrawal amount issues and inquiries were there during the Covid-19 lockdown period. Yet, AePS service providers have helped millions of Indians withdraw money instead of going to nearby banks or ATMs.
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.
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