Posted in: AEPS

AePS Bank Transaction Limit

The transaction limits for AEPS (Aadhaar Enabled Payment System) vary depending on the specific policies and guidelines set by each bank. However, typically, the transaction limits for AEPS transactions are as follows:

  1. Cash Withdrawal: The maximum amount that can be withdrawn in a single transaction varies from bank to bank but is usually limited to a range of Rs. 10,000 to Rs. 25,000 per day.
  2. Balance Inquiry: Customers can usually check their account balance multiple times a day without any specific limit.
  3. Fund Transfer: The maximum amount that can be transferred through AEPS varies and is typically subject to daily and monthly limits set by the bank. These limits may range from Rs. 5,000 to Rs. 25,000 per day, depending on the bank’s policies.

It’s important to note that these transaction limits are subject to change and may differ based on the bank’s discretion and regulatory requirements. Customers are advised to check with their respective banks for the most up-to-date information on AEPS transaction limits.

AePS Bank Transaction Limit

SRNName of BankNo of txt /dayAmount oftxt/dayNo of txt/monthNo ofamount/month
1Uttarbanga Kshetriya Gramin Bank220000550000
2Pragathi Krishna Gramin Bank51000015100000
3Kerala Gramin bank55000NANA
4City Union Bank5250010050000
5United Bank of India1No limitNo limiNo limi
6State Bank of India110000440000
7Corporation bank5No limitNo limitNo limit
8Uttarakhand Gramin Bank310000903000000
9Central bank of India21000010100000
10Baroda Gujrat Gramin Bank510000550000
11Bank of Baroda410000440000
12Baroda UP gramin bank510000550000
13Baroda Rajasthan KGB550000550000
14Andhra Pradesh Grameena Vikas Bank22000060600000
15ICICI Bank5500001507500000

What are the transaction limits for AEPS transactions with Indian Overseas Bank?

Transaction limits vary depending on the type of transaction and guidelines issued by the RBI/NPCI. Limits as of now are provided in the below table:

Mode Of TransactionType Of TransactionCountMin Amt Per TransactionPer Transaction AmountPer Day AmountMonthly CountMonthly Amount
AEPS Onus(Our Customer Our BC)Cash Deposit35025,00025,000NANA
Cash Withdraw55010,00010,000NA50,000
Fund Transfer35025,00025,000NANA
AEPS Offus(Our Customer Other Bank BC)Cash DepositNANANANANANA
Cash Withdraw + Aadhaar Pay55010,00010,0005050,000
Fund Transfer55010,00025,0001001,00,000
Account TransferCash Deposit25025,00025,000NANA

How Does AEPS Transaction Work?

AEPS inclusion for the financial sector is completely a specific change for people residing in remote areas. For making India with banking facilities is now an easy procedure. Here, the only requirement is for your Aadhaar number which is issued by the government of India. The Aadhaar-enabled payment system capture fingerprints or iris scan for unique biometric authentication. With that, you can easily transact money with the participation of banks and financial institutions.

Banking agents have a Micro-ATM network for transferring money. With this option, you can transact money, withdraw cash, cash deposit, check balance, and can take your statement also. All your banking statements and verification link are with your banking accounts to provide better services. 

Advantage of AEPS Transaction?

Government initiation to create financial inclusion for people, who are not associated with the traditional banking system. Connecting with Aadhaar-enabled services lead to generating secure authentic method of payment for rural India. It can make India access banking services in digital mode. It has numerous benefits with accessibility and convenience to remote living people. This beneficial step takes part to develop Indian livelihood to an extent. It has all the features like traditional banking procedures like cash transfer, and cash deposit to access mini statements of your account. AEPS services provide complete security for their user’s accounts.

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