aadhar aeps faq bank

8/11/2019 Aadhar Aeps Faq Bank

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Frequently asked Questions by Banks for AEPS

FREQUENTLY ASKED QUESTIONS

BY

BANKS

FOR

AADHAAR

ENABLED

PAYMENT

SYSTEM




1. What is AEPS?

AEPS is a new payment service offered by the National Payments Corporation of India to

banks, financial institutions using ‘ Aadhaar’ number and online UIDAI authentication through

their respective Business correspondent service centres. This shall be known as ‘ Aadhaar

Enabled Payment System’ and may also be referred to as “ AEPS ”.

2. Is this service approved by RBI?

The Reserve Bank of India has approved the pilot of AEPS.

3. Which system does this service use?

AEPS functions through the National Financial Switch of NPCI, which is also used for routing

inter bank ATM transactions and Interbank Mobile Payment Service (IMPS).

4. What is the messaging format used for AEPS?

AEPS transaction messages are as per the ISO 8583 standards.

5. What is IIN?

This number identifies the bank to which the customer has mapped his/her Aadhaar number.

Each bank would be issued a unique Issuer Identification Number (IIN) NPCI. This is a six digit

number.

The customer service point will have the IIN number represented on the terminal by various

bank logos/ bank names or the Business Correspondent (BC) agent will have a chart displayed of

various banks IIN in the customer service centre. Therefore the customer need not necessarily

remember the IIN. It is however recommended that the customer be aware of their bank IIN to

completely ensure an AEPS transaction. The banks currently in pilot using AEPS are as follows:

S. No. Bank Bank’s IIN

1. Bank Of India 508505

2. Corporation Bank 508507

3. Syndicate Bank 508508

4. Union Bank of India 508500




S. No. Bank Bank’s IIN

5. The Federal Bank Limited 508523

6. Dhanlaxmi Bank LTD 508528

7. Axis Bank 508533

8. ICICI Bank 508534

9.

Allahabad Bank 508540

10. Indian Overseas Bank 508541

11. The Lakshmi Vilas Bank Ltd 508542

12.

Central Bank of India 508546

13. Dena Bank 508547

14. State Bank of India 508548




6. What does the architecture look like?




7. What is the Process flow of AEPS?

I. Aadhaar Authentication - Process flow

Customer’s Inputs:

IIN

AADHAAR Number

Finger Print Data




II. Aadhaar Initiated Interbank Balance Enquiry - Process flow


IIN

AADHAAR Number

Finger Print Data




III. Aadhaar Initiated Interbank Cash Deposit - Process flow


IIN AADHAAR Number

Amount of Cash to be Deposited

Finger Print Data




IV. Aadhaar initiated Interbank Cash Withdrawal – Process

flow


IIN

AADHAAR Number

Amount of Cash to be Withdrawn

Finger Print Data




V. Aadhaar to Aadhaar Interbank Funds Transfer - Process

flow

Remitting Customer’s Inputs:

IIN

Aadhaar Number

Amount to be remitted

Finger Print Data

Beneficiary’s Details:

IIN

Aadhaar Number




8. Does the customer need to have a bank account for availing AEPS?

Yes, the customer needs to have a bank account linked to his/ her Aadhaar number with the

bank offering the AEPS service.

9. Does the customer need to specifically register to conduct transactions through AEPS?

During the Aadhaar enrolment exercise you may have been asked or filled the KYC form where

you may have indicated the need for a “no frills” bank account. In this case you need notspecifically enrol for the AEPS service.

In case you chose only to get the Aadhaar number during the enrolment exercise then you need

to approach your bank branch and ask for the form to link your Aadhaar number to your existing

bank account. Once this is confirmed by your bank, you are ready to use the AEPS service

through any bank Business Correspondent centre providing the AEPS service.

10. Can a customer link more than one account to the same Aadhaar number within a bank?

Yes. However the bank shall keep only one of the accounts as primary account which wouldreceive all AEPS transactions.

11. What details does the customer need to affect an AEPS transaction?

Three inputs are required:

Customer Aadhaar number

Customers fingerprint on the MicroATM for online verification

IIN number

12. What happens to the transaction if there is a communication failure between banks and

NPCI at the time of transaction?NPCI has systems to identify which leg of the transaction has timed out for any network failure

reason. Depending upon which leg has timed out a reversal message gets generated. If there is

any transaction which still does not get reconciled at bank then the Dispute Management Module

available to Banks in AEPS network will be able to raise necessary adjustments, representments

or chargeback as the case may be.

13. How does reconciliation take place for AEPS transactions?

NPCI generates three types of file on a daily basis containing the Settlement file; raw data file

and verification file which contains the transactions pertaining to respective Banks. NPCI will

provide login details to aces them online for download. It is the bank’s responsibility to reconcile

these transactions with their AEPS and CBS system transaction log file on a daily basis.

14. Is there an amount limit for the participating banks for their transactions?

Yes, the limit allocated to the banks is called Net Debit Cap (NDC). The NDC calculated by NPCI at

any instant for the AEPS will be net of total outward and inward for the day. This is the

maximum allowable debit for a particular bank for a day. This value is decided on the basis of the

participating bank’s contribution to the Settlement Guarantee Fund.




15. Is there any limit with respect to amount for AEPS transactions?

Aadhaar based accounts would be opened on the basis of simplified KYC guidelines, where as

Banks will have to adhere to a certain limit, based on banks business rules for specific type of

account opened.

16. Who is responsible to monitor the amount limits at account level for AEPS transactions?

The participating banks have to monitor and control the amount limits as prescribed by RBI for

Guidelines for engaging of Business Correspondents (BCs) at the time of debit.

17. What are the charges levied by NPCI for AEPS transactions?

In view of helping the participating banks to promote AEPS transactions NPCI is not charging

any transaction fees for the pilot of this service. Post Pilot it will be `0.25 per AEPS transaction

and for gateway authentication service in case banks chose to route ONUS transactions for UIDAI

authentication will be charged at`

0.10 per request.

18. When does the settlement happen?

The cutover of AEPS transactions happens to 23:00 hours each day. All transactions before this

time are included in the settlement for that particular day.

19. How is the settlement affected?

The settlement is affected by NPCI’s Real Time Gross Settlement (RTGS). As a joining procedure,

the participating banks need to submit a mandate for crediting and debiting their RTGS accounts

with the RBI in favour of NPCI. On the basis of this mandate NCPI would affect the settlement by

debiting/ crediting respective bank’s Current Account/s with such sums as may be specified bythe NPCI in its settlement instructions. The draft for all the documents will be provided by the

AEPS NPCI team when a bank envisages interest in joining the network.

20. What are the settlement files that a bank can receive from NPCI for AEPS?

For the convenience of banks, the settlement files and reports are developed similar to that of

National Financial Switch. The participating banks can download reports from the site using

login id and password issued to them by NPCI.

The bank may download raw data files (Acquirer & Issuer), settlement file (Acquirer &

Issuer), verification file (Acquirer & Issuer) and Daily Settlement Report from NPCI’s AEPS

Dispute Management System.




21. How can a bank raise disputes with reference to AEPS transactions?

or

Is there any mechanism/system to address the disputes raised by member banks during

AEPS?

The disputes can be raised by participant banks using Dispute Management System provided by

NPCI. This service has also been developed similar to NFS for the convenience of participating

banks.

22. Which banking services can the customer avail using AEPS?

A customer can avail the following four services using AEPS :

a.

Cash Withdrawal

b.

Cash Deposit

c.

Balance Enquiry

d.

Fund Transfer

23.

How are the Customer’s IIN & Aadhaar Number added in the respective fields on the

MicroATM terminal?

At the MicroATM Terminal the customer has two options. He can either manually input the

required information in the respective fields or he can swipe a RuPay ATM & MicoATM card with

Aadhaar number that would extract the relevant data from card and present for further

transaction processing

24. What are the steps to be followed by banks to issue RuPay ATM & MicroATM Card?

Steps to be followed by banks to issue RuPay ATM & MicroATM card are as under:

a. Bank to apply to NPCI with IIN agreement form

b.

Once NPCI receives bank application, we shall processc. NPCI shall assign ISO IIN to bank

d.

Bank card artwork to be approved by NPCI team

e.

Bank to share 30 test cards for NPCI NFS & MicroATM testing

f. Certification on NFS ATMs for RuPay ATM & MicroATM card

g.

Certification on MicroATM for acceptance RuPay ATM & MicroATM card

25. Is there any membership fees?

a) All existing members of National Financial Switch (NFS) are eligible to participate in AEPS.

NFS members intending to participate in AEPS may apply for membership.

b) A bank that is not a member of NFS can also join AEPS provided :

i)

The applicant bank is a type A member of the RBI’s Real Time Gross SettlementSystem.

ii) The applicant bank undertakes to join NFS within 3 months on payment of a onetime

membership fee of `3,00,000.00 (Rupees Three lakh only)

iii)

The applicant bank is willing to contribute to the Settlement Guarantee Fund of NPCI.




26. What are the security measures taken for AEPS?

AEPS is a safe, convenient channel enabling micropayments. Every terminal has the encryption

as per UIDAI norms which are a pre-requisite. Any terminal not having this encryption or not

having this as per UIDAI standards will be unable to affect transaction under AEPS as they will

get rejected with an error code as “invalid encryption” on the terminal.

AEPS only supports real time online biometric verification using the Aadhaar number. The

fingerprints submitted during the enrolment of the individual need to match at the UIDAI server

end to make any transaction successful.

27. Which banks are members of AEPS?

Currently, the banks that are members of AEPS are ICICI Bank, Union Bank of India, Bank of

India. A link is provided in AEPS section of NPCI website which will host current banks under

certification.

aadhar aeps faq bank

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