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Aadhaar Payment Bridge (APB) System, one of the unique payment systems implemented by NPCI, uses Aadhaar number as a central key for electronically channelizing the Government benefits and. subsidies in the Aadhaar Enabled Bank Accounts (AEBA) of the intended beneficiaries.
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titution Identification Number (IIN) of the beneficiary’s bank. The participating banks have to perform a number of activities to complete the. mapping and un-mapping of Aadhaar number in NPCI mapper database. This document defines the standard operating procedur. Joining the APB system as a participant.
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Feb 23, 2021 · Aadhaar Payment Bridge (APB) System, that uses Aadhaar number for electronic crediting of government subsidies and benefits in Aadhaar-linked bank account which were earlier mostly done either in cash or cheque.
APBS full form is Aadhaar Payments Bridge (APB) System. Backed by the National Payments Corporation of India (NPCI), APBS is a unique payment system. It uses Aadhaar numbers to electronically channel subsidies and benefits from the government to the Aadhaar-linked bank accounts of the beneficiaries.
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NACH’s Aadhaar Payment Bridge (APB) System, developed by NPCI has been helping the Government and Government Agencies in making the Direct Benefit Transfer scheme a success. APB System has been successfully channelizing the Government subsidies and benefits to the intended beneficiaries using the Aadhaar numbers.
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APBS is a unique payment system implemented by National Payments Corporation of India (NPCI), which uses Aadhaar number as a central key for electronically channelizing the Government subsidies and benefits in the Aadhaar Enabled Bank Accounts (AEBA) of the intended beneficiaries.
