aeps transaction limit

aeps transaction limit -

NATIONAL PAYMENTS CORPORATION OF INDIA

All members of Aadhaar Enabled Payment System (AEPS), eKYC and
Card + PIN on MicroATM
Consolidated circular on switching fee/Interchange fee for AEPS, eKYC and Card + PIN
on MicroATM
It has been decided to consolidate the Interchange & Switching fee applicable to
transactions being initiated from micro ATMs/kiosk/end terminal. Although Interchange on
Aadhaar based transactions is being processed regularly, the switching fee will be applicable
from April 01, 2016.

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A. Switching Fee on Aadhaar based transactions
Transaction Transaction Switching Fee
Transaction Type Code Description (excluding service f1
other applicable taxes)
AEPS UA ONUS/Authentication 10 paise ONUS/Authentication
05 Balance Enquiry
AEPS 01 Cash Deposit
OFFUS 04 Cash Withdrawal
25 paise
FC Fund Transfer
eKYC KY eKYC 25 paise
Demographic DM Demographic 10 paise Authentication Authentication

aeps

. i. NPCI will be levying switching fees only for successful transactions routed through us
(This includes financial and non-financial transactions).
ii. On-Us transactions are such where only Aadhaar authentication is being processed
through NPCI.
iii. Off-Us transactions are such where in addition to Aadhaar authentication, an
additional leg of transmitting the transaction need to be transmitted to issuing banks
and response thereto is communicated back to the acquiring bank.
iv. Maximum amount for AEPS OFF US Cash Withdrawal, Cash Deposit & Fund transfer
will be Rs. 10,000 per transaction.

B. Interchange Following interchange is prescribed for Aadhaar based transactions
Transaction Type Interchange Fee Interchange fee
Movement (excluding service & other applicable Taxes)
Balance OFFUS Issuer->Acquirer Rs 3/- per successful transaction Enquiry
Cash 1%of fund flow, subject to minimum Rs
Withdrawal OFFUS Issuer->Acquirer 5/- with a maximum cap of Rs 15/- per
successful transaction
1% of fund flow, subject to minimum Rs
Cash Deposit OFFUS Issuer->Acquirer 5/- with a maximum cap of Rs 15/- per
successful transaction
Fund Remitter-> 1% of fund flow, subject to minimum Rs
transfer OFFUS Beneficiary 5/- with a maximum cap of Rs 15/- per
successful transaction

aeps

C. Card + PIN cash withdrawal transactions on MicroATM
i. Only cash withdrawal transaction is allowed using card + PIN at MicroATM at
present, which is being routed through NPCI National Financial Switch (NFS).IBA
has also finalised the below points in various meetings:-
a) The upper limit for cash withdrawal transaction at MicroATM will be Rs. 10,000
per transaction.

b) Switching Fee will be as per NFS rule which is INR 0.45 paise at present for
successful transaction (Service & other applicable taxes are applicable on the
aforementioned switching fee).
ii. With effect from 1st April 2016, the interchange for Card + Pin cash withdrawal
transactions from MicroATM would be as under:
Cash withdrawal Amount Interchange from Issuer bank
to Acquiring Bank
(excluding service & other applicable Taxes)
Up to Rs. 2000 Rs. 2/-
Rs. 2001- Rs. 5000 Rs. 5/-
Rs. 5001 -Rs. 10000 RS.15/-
Member entities are requested to kindly take a'note of the same.
(Head- Financial Inclusion & New Business

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From Paydeer  

 

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