AEPS Seva (Aadhaar Enabled Payment System) has revolutionized banking services in India, allowing users to perform basic transactions using just their Aadhaar number and fingerprint. Whether you’re a business owner, a banking correspondent, or an individual looking for easy financial access, getting an AEPS ID is essential. But where can you find the cheapest AEPS ID provider in 2025? This guide breaks down everything you need to know—from understanding AEPS Seva to finding the most affordable service providers.
What Is AEPS Seva?
AEPS Seva is a government-backed payment system that enables cashless transactions using Aadhaar authentication. It allows users to:
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Check bank balances
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Withdraw cash
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Deposit money
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Transfer funds between Aadhaar-linked accounts
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Make payments for goods and services
Since AEPS eliminates the need for debit cards, PINs, or mobile banking, it’s particularly useful in rural areas where smartphone penetration is low.
Why Do You Need an AEPS ID?
To offer AEPS services (as a banking correspondent or agent), you need an AEPS ID from a licensed provider. This ID authenticates your transactions and ensures secure processing. Without it, you cannot access AEPS services.
Where to Get the Cheapest AEPS ID in 2025?
Several providers offer AEPS IDs, but pricing varies based on features, transaction limits, and additional services. Here’s a breakdown of the most affordable AEPS ID providers in 2025:
1. Banks (Public & Private Sector)
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SBI, PNB, Bank of Baroda, and other public banks often provide AEPS IDs at minimal or no cost if you’re an existing customer or banking correspondent.
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Private banks like HDFC, ICICI, and Axis may charge a nominal fee (₹500–₹1,500) but offer better transaction limits.
✅ Best for: Existing bank customers or agents already working under a bank’s BC (Business Correspondent) program.
2. Payment Aggregators & Fintech Companies
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PayNearby – Charges around ₹1,000–₹2,000 for AEPS ID with low transaction fees.
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Eko India Financial Services – Offers competitive pricing (₹800–₹1,500) with good customer support.
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Fino Payments Bank – Provides AEPS IDs for ₹1,200–₹2,000, including additional banking services.
✅ Best for: Small business owners and independent banking agents looking for flexible plans.
3. AEPS Service Providers (Direct Registration)
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AEPS Cash – One of the cheapest options (₹500–₹1,000) but may have limited support.
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DigiPe – Affordable (₹700–₹1,200) with a user-friendly dashboard.
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Airtel Payments Bank – AEPS ID costs around ₹1,000 with zero balance account benefits.
✅ Best for: Individuals and startups needing a low-cost entry into AEPS services.
4. Government & NGO Initiatives
Some government-backed programs (like CSC (Common Service Centers)) and NGOs provide free or subsidized AEPS IDs to promote financial inclusion in rural areas.
✅ Best for: Rural entrepreneurs and self-help groups.
How to Choose the Best AEPS ID Provider?
While cost matters, also consider:
✔ Transaction Fees – Some providers charge per transaction (₹2–₹10).
✔ Daily Limits – Banks usually allow higher withdrawals (up to ₹10,000/day).
✔ Customer Support – Fintech companies often offer better support than traditional banks.
✔ Additional Services – Some providers bundle AEPS with microloans, insurance, or bill payments.
How to Apply for an AEPS ID?
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Choose a Provider (Bank, Fintech, or AEPS service).
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Submit KYC Documents (Aadhaar, PAN, address proof).
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Pay the Registration Fee (if applicable).
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Complete Verification (may take 1–3 days).
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Start Transactions using your AEPS ID.
Frequently Asked Questions (FAQs)
1. Is AEPS Seva free to use?
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For customers, AEPS transactions are usually free or have minimal charges (₹5–₹10 per withdrawal). Agents need an AEPS ID, which may have a registration cost.
2. Can I get an AEPS ID without a bank account?
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No, you need a bank account linked to Aadhaar to use AEPS services.
3. Which is the cheapest AEPS provider in 2025?
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AEPS Cash and DigiPe are among the most budget-friendly options (₹500–₹1,200).
4. Are there any hidden charges with AEPS IDs?
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Some providers charge extra for customer support or higher transaction limits—always read the terms before signing up.
5. Can I switch my AEPS provider later?
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Yes, but you’ll need to re-register with a new provider and pay their fees.
Final Verdict: Where to Get the Cheapest AEPS ID?
If you want the most affordable AEPS ID in 2025, fintech companies like Eko and PayNearby offer competitive pricing with good features. For zero or minimal cost, check with public sector banks or CSC centers. Always compare transaction fees and support before finalizing a provider.
Disclaimer
This post is for educational purposes only. The pricing and availability of AEPS services may vary. If you have any concerns regarding this content, please visit our DMCA page for removal requests. Always verify details with official sources before making financial decisions.