Q651
Which of the following is not true about Aadhaar-enabled payment system (AEPS)?
A.
AEPS enables bank customers to access their Aadhaar-linked bank accounts through the Aadhaar authentication
B.
For a transaction through AEPS, only Aadhaar number and fingerprint captured during the enrolment are required
C.
AEPS allows inter-operability among different systems adopted by different banks in a safe and secured manner
D.
Customers can find out their account balance deposit cash, withdraw money and transfer funds to other Aadhaar-linked bank accounts through the help of business correspondents of the bank they have account in
AnswerAnswer: Option D
Solution
Answer: Option D
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