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NATIONAL PAYMENTS CORPORATION OF INDIA

Circular: NPCI12015-16/AEPS/01 nnd March, 2016

To,
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.
A. Switching Fee on Aadhaar based transactions

Transaction Transaction Switching Fee

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

. 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.

ln01A, The Capital. B Wing. 10th Floor, Ba:'\dra Kurla Complex, BandralEl. Mumbai 400 051. T: +91 2240009100 F: +9122 4olio9101 www.npci.org.in
CIN ,U74990MH2008NPL1B9067
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NATIONAL PAYMENTS CORPORATION OF INDIA

B. Interchange Following interchange is prescribed for Aadhaar based transactions

Interchange Fee Interchange fee

Transaction Type
Movement (excluding service & other applicable Taxes)

Balance
OFFUS Issuer->Acquirer Rs 3/ - per successful transaction
Enquiry
1%of fund flow, subject to minimum Rs
Cash
OFFUS Issuer->Acquirer 5/ - with a maximum cap of Rs 15/ - per
Withdrawal
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
1% of fund flow, subject to minimum Rs
Fund Remitter->
OFFUS 5/ - with a maximum cap of Rs 15/ - per
transfer Beneficiary
successful transaction

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)

lD01A, Trt'" Capital, 8 Wing, 10th Floor, Ba:"ldra Kurla Cornp[Lx, Bandra lEI. Mumbai 400 051. T: 912240009100 F: + 12240009101 www.npci.org.in
CIN ,U74990MH200BNPLlB9067