AEPS (Aadhaar Enabled Payment System) is revolutionizing digital (become an AEPS retailer) transactions in India, offering a low-cost business opportunity for individuals looking to earn a steady income. By investing just ₹5000, you can become an AEPS retailer and potentially make ₹10,000 or more per month by providing essential banking services to your community.
In this guide, we’ll break down everything you need to know—how AEPS works, the step-by-step process to start, earnings potential, and answers to common questions.
What is AEPS & How Does It Work?
AEPS (Aadhaar Enabled Payment System) is a secure, biometric-based payment solution introduced by the National Payments Corporation of India (NPCI). It allows customers to perform basic banking transactions—such as cash withdrawals, deposits, balance checks, and fund transfers—using just their Aadhaar number and fingerprint authentication.
Why Become an AEPS Retailer?
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Low Investment, High Returns: Start with just ₹5000 and earn commissions on every transaction.
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Growing Demand: Millions of Indians in rural and semi-urban areas rely on AEPS for banking needs.
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No Need for a Physical Shop: Operate from home or via a mobile device.
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Extra Income Stream: Supplement your earnings with other services like money transfers, bill payments, and PAN card applications.
How to Become an AEPS Retailer in 5 Simple Steps
Step 1: Choose an AEPS Service Provider
To start, you need to partner with a bank or fintech company that offers AEPS services. Some popular providers include:
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PayNearby
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Bank Mitra
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Eko India Financial Services
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Fino Payments Bank
🔹 Tip: Compare commission rates (usually 0.3% to 0.5% per transaction) before selecting a provider.
Step 2: Register as an AEPS Retailer
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Fill out an application form (online/offline).
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Submit KYC documents (Aadhaar, PAN, bank details).
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Pay a one-time registration fee (varies by provider).
Step 3: Get an AEPS Micro ATM Device
You’ll need a biometric scanner (fingerprint device) and a smartphone/tablet. Some providers offer low-cost devices (₹2000-₹5000).
Step 4: Start Offering AEPS Services
Once approved, you can begin processing transactions like:
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Cash Withdrawal
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Balance Inquiry
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Money Transfer (Aadhaar-to-Aadhaar)
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Mini Statements
Step 5: Earn Commissions on Every Transaction
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Withdrawals: Earn ₹5-₹15 per transaction.
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Balance Checks: ₹2-₹5 per inquiry.
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Fund Transfers: 0.3%-0.5% commission.
💡 Example: If you process 20 withdrawals/day (₹10 each), you make ₹200/day → ₹6000/month. Add other services, and earnings can cross ₹10,000/month.
How Much Can You Earn as an AEPS Retailer?
| Transaction Type | Commission per Transaction | Daily Transactions (Est.) | Monthly Earnings |
|---|---|---|---|
| Cash Withdrawal | ₹5-₹15 | 20 | ₹3000-₹9000 |
| Balance Check | ₹2-₹5 | 30 | ₹1800-₹4500 |
| Fund Transfer | 0.3%-0.5% | 10 | ₹1500+ |
| Total | – | – | ₹10,000+ |
🔹 Pro Tip: Increase earnings by offering DMT (Domestic Money Transfer), bill payments, and insurance services.
Frequently Asked Questions (FAQs)
1. Is AEPS Business Profitable?
✅ Yes! With minimal investment, you can earn ₹10,000+ per month if you serve 30-50 customers daily.
2. What’s the Minimum Investment Required?
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Biometric Device: ₹2000-₹5000
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Registration Fee: ₹500-₹1000 (varies by provider)
3. Do I Need a Shop or Office?
❌ No! You can operate from home or even as a mobile AEPS agent.
4. Is AEPS Safe & Legal?
✔️ 100% Legal (backed by NPCI & RBI) and secure since it uses Aadhaar biometric authentication.
5. Can I Work Part-Time as an AEPS Retailer?
✅ Yes! Many agents run this as a side business alongside their regular jobs.
Final Thoughts: Is AEPS Retailer Business Right for You?
If you’re looking for a low-investment, high-reward business, becoming an AEPS retailer is a smart choice. With India’s push for digital banking, the demand for AEPS services will only grow.
Start with ₹5000, serve your community, and build a steady income stream!
Disclaimer
This post is for educational purposes only. The earnings mentioned are estimates, and actual results may vary. If you have any concerns regarding this content, please refer to our DMCA policy for removal requests. Always verify details with official sources before making financial decisions.