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Payment Solution services

Rural and Urban Development of India

  • Area Req
    -N/A-
  • Investment Range
    INR 10000 - 50 K
  • Franchise Outlets
    200-500
Business Details
AADHAAR Enabled Payment System (AEPS)
AADHAAR Enabled Payment System provides basic financial services (cash deposit, balance enquiry, cash withdrawal and remittance) at low cost access devices (called MicroATMs) maintained at Business correspondents in an interoperable way.

The AADHAAR enabled basic types of banking transactions are:
Cash Withdrawal
Cash Deposit
AADHAAR to AADHAAR Funds Transfer (DMT)
Balance Enquiry

The objective of AADHAAR Enabled Payment System (AEPS) is to empower a bank customer to use AADHAAR to access his/her AADHAAR enabled bank account and perform basic banking transactions that are intra-bank or interbank in nature through a business correspondent. It serves another important goal of RBI in electrification of retail payments. 
Another important goal of AADHAAR Enabled Payment System (AEPS) serves is to facilitate interoperability across banks in a safe and secured manner. AADHAAR Enabled Payment System (AEPS) allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the AADHAAR authentication.

Inputs required for a AirCash - PoP(Point of Presence) or a Banking Correspondent (BC) to do a transaction under this scenario are:-
IIN (Identifying the Bank to which the customer is associated)
AADHAAR Number
Fingerprint captured during their enrollment.

For PoP/Distributor/White Level Aggregator:-
aircash.in[AT]gmail.com / sales[AT]aircash.in

Rural and Urban Development of India (BRANCH - NAIHATI)
437, R. B. C. ROAD, NAIHATI, N24PGS, WEST BENGAL - 743166
TELE :- SEVEN EIGHT NINE ZERO FIVE ONE ZERO FIVE THREE SIX/EIGHT
 

Investment Details

Commenced Operations

Operations Commenced On 2014

Franchising / Distribution Commenced On 2015

Franchise Details
Units

Investment INR 10000 - 50 K

Franchise/Brand Fee INR 50000

Royalty/Commission 10 %

Master / Multi Units

Region Wise

Investment INR 20lac - 30lac

State Wise

Investment INR 20lac - 30lac

City Wise

Investment INR 10000 - 50 K

Expansion Locations
North

Haryana, Himachal Pradesh, Jammu and Kashmir, Delhi, Punjab, Uttaranchal, Uttar Pradesh

South

Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana

East

Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Sikkim, Tripura, West Bengal

West

Goa, Gujarat, Maharashtra, Rajasthan

Central

Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh

Union Territories

Chandigarh, Daman and Diu, Lakshadweep, Pondicherry, Andaman and Nicobar

Franchise Details

Exclusive territorial rights to a unit franchise Yes

Performance guarantee to unit franchisee Yes

Likely pay back period of capital for a unit franchise 0- Months

Property Details

Type of property required for this franchise opportunity Domestic

Training Details

Detailed operating manuals for franchisees Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? Lifetime

Is the term renewable? Yes

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