How to Stop AePS Cash Withdrawal
While the Aadhaar Enabled Payment System (AEPS) has made digital payments more accessible for many people in India, some individuals may want to disable the system due to personal preferences or privacy concerns. If you are one of those individuals, you may be wondering how to disable the AEPS or How to Stop AePS Cash Withdrawal?. In this article, we will discuss the steps you can take to disable the AEPS Cash Withdrawal.
Solution 1: Internet Banking
To stop the AEPS Service, you can first try using internet banking. Here’s what you can do:
- Log in to your internet banking account.
- Look for the option to disable your AEPS Cash Withdrawal.
- If you find a service called “De-link Aadhar with bank account,” you can use it to stop AEPS cash withdrawal without needing to go anywhere else.
Solution 2: Visit Your Bank
Another way to stop the AEPS Service is by going to the bank where you linked your Aadhaar card. Here’s what you need to do:
- Take a photocopy of your Aadhaar card and your bank passbook with you.
- Write a request asking to disable the AEPS service, or the bank might give you a form to fill out.
- Give these documents to the bank representative.
- Once they verify your identity, they’ll disable the AEPS service for you.
After submitting your request, you will need to wait for confirmation from the bank that the AEPS service has been disabled for your account. The confirmation may be sent to you through email, SMS. You can also follow up with the bank representative to ensure that the AEPS service has been disabled.
Is it a good idea to remove your Aadhaar from your bank account in 2024?
In 2024, the security for Aadhaar Enabled Payment System (AePS) has been enhanced. Two-factor authentication (2FA) has been included in AePS Agent apps to prevent unauthorized transactions. Now, only one AePS transaction is permitted every 30 minutes.
Starting from June 30, L0 Biometric Devices will no longer be used, and only L1 biometric devices will be allowed for Aadhaar-based authentication. L1 biometric devices have added encryption security within the device.
Additionally, when conducting AePS cash withdrawals, the agent’s authentication is also required.
Disadvantages of de-linking Aadhar with your Bank Account
Government connects subsidies or welfare benefits to bank accounts linked with Aadhaar, it helps transfer these benefits directly to the right people. If you decide to remove your Aadhaar from your bank account, it might stop these benefits from reaching you easily. This could cause delays or problems in getting the subsidies or benefits that used to come to your account automatically.
Conclusion
The AEPS service has provided many benefits to people in India, but some individuals may want to disable the service due to personal preferences or privacy concerns. Disabling the AEPS is a straightforward process that involves visiting your bank, submitting a written request, and waiting for confirmation.
By following these steps, you can easily disable the AEPS service for your account.
