API Reference

NSDL Cash Deposit

Overview

The Aadhaar Enabled Payment System (AePS) is a payment service that permits individuals to utilize Aadhaar as their identity for accessing various banking transactions. These transactions include activities like depositing cash, and withdrawing cash.

The Aadhaar Enabled Payment System (AePS) Cash Deposit API facilitates individuals to deposit cash into their bank accounts seamlessly, using the Aadhaar as the primary means of identification. It is one of the most secure and efficient ways to initiate and process cash deposits via the AePS service.

Moreover, AePS Cash deposits are ready to end your worries by allowing you to deposit cash into your bank accounts using your Aadhaar number, mobile number, biometric authentication along with bank name.

Goals

  1. AePS cash deposit services make banking more convenient and accessible, particularly for individuals who may not have access to physical bank branches. It allows them to deposit cash using their Aadhaar number, mobile no and biometric authentication, eliminating the need for traditional banking infrastructure.
  2. AePS cash deposit services aim to promote financial inclusion by providing individuals, especially those in rural and remote areas, with easy access to banking services. It enables unbanked and underbanked individuals to deposit cash into their bank accounts conveniently.
  3. Aadhaar-based biometric authentication adds an extra layer of security to AePS cash deposit services. It helps prevent identity fraud and unauthorized access to bank accounts, ensuring the safety of deposited funds.
  4. AePS cash deposit services contribute to the reduction of cash handling. By facilitating cash deposits directly into bank accounts, it encourages individuals to hold their funds in digital form, promoting transparency and reducing the risk associated with handling physical cash.

Specifications

  1. As per NPCI guidelines, it is mandatory for partner merchants to complete the Two Factor Authentication.
  2. During the calendar day, the Bank will allow the AePS Cash Deposit transaction only if partner merchant login through Biometric Authentication is successful for that calendar day.
  3. Partner merchant outlets will provide the AePs cash deposit services in the remote area. Customers will visit the merchant outlet for the AePS cash deposit services.
  4. Merchant Authenticity is required for cash deposit services.
  5. Merchant will ask the customer to share a few details to initiate the cash deposit transaction like Aadhhar number, mobile number (Link with Aadhaar), Bank Name, Amount.
  6. The merchant will use a biometric scanner to authenticate the customer's fingerprints or iris scan for verification.
  7. After successful biometric authentication, customers will provide the cash to be deposited into their bank account.
  8. The merchant will initiate the transaction and credit the deposited amount to the customer's bank account linked with their Aadhaar number.
  9. Customers will receive a transaction receipt or notification as proof of the cash deposit.
  10. Cash Deposit transactions limit is - min - Rs.100 & Max - Rs.10,000.

Process Flow