The National Payments Corporation of India (NPCI) on June 09, 2023, issued a circular regarding the Dual Authentication interoperable transactions in AePS with reference to the NPCI operating circular vide reference no NPCI/2021-22/AEPS/004 dated October 27, 2021.
NPCI is glad to inform operationalizing Dual Authentication (Auth) transactions in AePS to extend the benefits of interoperability provided by AePS to Self Help Groups (SHG). Dual Auth facilitates financial transactions such as cash withdrawal, cash deposit, and fund transfer by authenticating two or more authorized bank account signatories of the participating bank at the BC outlet of any other participating bank. The signatories shall be authenticated using an Aadhaar-based biometric authentication modality.
The member banks having SHG accounts to enable is service as Issuer & Acquirer (both), and other participating banks as Acquirer. Existing interchange and NPCI switching fees for Authentication and AePS OFFUS transactions shall be applicable for Dual Auth transactions.
Refer to Annexure A for more details.
[Circular NO. NPCI/2023-24/AEPS/080]
