BBPS
To operate this portal, a person has to undergo verification process such as
Aadhaar card with fingerprint scanning or card swipe option. Once verified, he or
she will be able to select options for various transactions like cash deposit, fund
transfer, eKYC based saving account, Aadhaar seeding, cash withdrawal, balance enquiry
and service request acceptance. Note, these options can be different depending upon
banks or fintechs.
How Does BBPS Work?
To operate this portal, a person has to undergo
verification process such as Aadhaar card with fingerprint scanning or card swipe
option. Once verified, he or she will be able to select options for various transactions
like cash deposit, fund transfer, eKYC based saving account, Aadhaar seeding, cash
withdrawal, balance enquiry and service request acceptance. Note, these options
can be different depending upon banks or fintechs.