Are you looking for a low-investment, high-profit business opportunity? Becoming an AEPS agent might be the perfect choice for you. The Aadhaar Enabled Payment System (AEPS) is a revolutionary banking service that allows customers to perform basic transactions using just their Aadhaar number and fingerprint. As an AEPS agent, you can earn a steady income by offering these services in your locality.
This guide will walk you through the step-by-step process of becoming an AEPS agent, the required investment, potential earnings, and tips to maximize profits. Let’s dive in!
What is AEPS?
AEPS (Aadhaar Enabled Payment System) is a bank-led model that enables digital payments and banking services through Aadhaar authentication. Customers can:
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Withdraw cash
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Deposit money
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Check bank balances
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Transfer funds
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Pay bills
All they need is their Aadhaar-linked bank account and biometric verification.
Why Become an AEPS Agent?
1. Low Investment, High Returns
Starting as an AEPS agent requires minimal investment (as low as ₹5,000–₹10,000), making it accessible even for beginners.
2. Growing Demand
With India pushing for digital banking and financial inclusion, millions still rely on cash transactions. AEPS bridges this gap, ensuring steady demand.
3. Multiple Revenue Streams
You earn commissions on every transaction, plus additional income from services like money transfers, bill payments, and PAN card applications.
4. Work from Anywhere
You can operate from home, a small shop, or even as a mobile agent—no need for a fancy setup.
How to Become an AEPS Agent? (Step-by-Step Guide)
Step 1: Meet the Basic Requirements
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Aadhaar Card (linked to a bank account)
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PAN Card (for KYC)
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Smartphone/Tablet/Laptop (with internet)
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Biometric Device (fingerprint scanner)
Step 2: Choose an AEPS Service Provider
You need to partner with a bank, Payment Service Provider (PSP), or fintech company that offers AEPS services. Some popular options:
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Banks (SBI, ICICI, HDFC, etc.)
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Fintech Companies (PayNearby, Eko, Fino Payments Bank)
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NBFCs & Payment Aggregators
Step 3: Register as an AEPS Agent
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Visit the provider’s website or app.
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Fill out the agent registration form.
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Submit KYC documents (Aadhaar, PAN, bank details).
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Pay a small registration fee (if applicable).
Step 4: Get a Biometric Device
You’ll need a fingerprint scanner (cost: ₹2,000–₹5,000). Some providers supply it for free or at a discount when you meet transaction targets.
Step 5: Start Offering AEPS Services
Once approved, you can begin:
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Cash withdrawals & deposits
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Balance inquiries
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Fund transfers (Aadhaar-to-Aadhaar)
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Bill payments & recharges
How Much Can You Earn as an AEPS Agent?
Your earnings depend on transaction volume, but here’s a rough estimate:
| Transaction Type | Commission (Approx.) |
|---|---|
| Cash Withdrawal | ₹5–₹15 per transaction |
| Money Transfer | ₹10–₹20 per transaction |
| Balance Inquiry | ₹2–₹5 per transaction |
| Bill Payments | ₹5–₹10 per transaction |
Example: If you serve 20 customers daily (avg. ₹10/transaction), you earn ₹200/day or ₹6,000/month. Scale up to 50+ transactions/day, and your income crosses ₹15,000/month!
Tips to Maximize Your AEPS Business Profit
✅ Location Matters – Set up near markets, bus stands, or rural areas with fewer banking facilities.
✅ Offer Additional Services – Combine AEPS with DMT (Domestic Money Transfer), insurance, or micro-ATM services.
✅ Promote Your Business – Use social media, pamphlets, and referrals to attract customers.
✅ Maintain Good Customer Service – Build trust for repeat business.
Frequently Asked Questions (FAQs)
1. Is AEPS business profitable?
Yes! With low investment and high demand, AEPS can generate ₹10,000–₹30,000/month if scaled properly.
2. What is the minimum investment for AEPS?
Around ₹5,000–₹10,000 (biometric device + registration).
3. Can I run AEPS from home?
Absolutely! Many agents operate from home or as mobile agents.
4. Do I need a shop for AEPS?
No, but having a small retail outlet can boost credibility.
5. Which is the best AEPS provider?
Top choices include PayNearby, Eko, Fino Bank, and Airtel Payments Bank.
Conclusion
Becoming an AEPS agent is one of the best low-investment, high-profit business ideas in today’s digital economy. With minimal setup costs and growing demand, you can build a steady passive income while helping people access banking services.
Ready to start? Pick a reliable provider, get your biometric device, and launch your AEPS business today!
Disclaimer
This post is for educational purposes only. The figures and recommendations are based on industry trends and may vary. If you have any concerns regarding this content, please refer to our DMCA page for removal requests. Always verify details with official sources before making financial decisions.