Aadhaar enabled payment systems (AePS) transaction fraud can be done if the fraudster has got access to the bank customer s fingerprint/IRIS impression/data, their Aadhaar number and name of the bank where the account is maintained. In order to stay protected from this kind of fraud an individual must take certain steps. Further banks also help in prevention of such a fraud.
In an instance cited by Delhi Police, it notes that as many as 12 bank accounts were opened under the names of different persons, even though the photographs on the Aadhaar cards were all of the same individual's.