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.