The system that enables cash withdrawals and balance inquiries at micro-ATMs using Aadhaar authentication is called ________.
- NAT
- AePS
- SMTP
- TDMA
Answer: AePS
AePS (Aadhaar Enabled Payment System) allows bank customers to use Aadhaar number and fingerprint/iris for basic banking transactions at Micro-ATMs through Business Correspondents. Operated by NPCI, it promotes financial inclusion in rural areas without need for cards, phones, or internet.