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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.
Jun 24, 2024 · The full form of APBCR in banking terms is the Aadhar Payments Bridge System, which is a special payment run by NPCI and helps in electronic payments and government benefits into the Aadhar Enabled Bank Accounts of the recipient by using Aadhar as the central key.
Jan 2, 2024 · The APBS acts as a bridge between the government departments, banks, and beneficiaries by leveraging the Aadhaar infrastructure. It enables the seamless and efficient transfer of funds from the government to the intended recipients. Significance of the APBS.
Aadhaar Payment Bridge is the new payment service offered by the National Payments Corporation of India (NPCI) using the Aadhaar number issued by the Unique Identification Authority of India (UIDAI), known as Aadhaar Payment Bridge System and is referred as “APBS”.
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.
System Standard Operating Procedure. Abstract. Standard Operating Procedures to be followed for linking the Aadhaar number bank account and seeding in NPCI mapper for DBT and DBTL transaction processing on NACH platform using Aadhaar Payments Bridge System. Revision Trail. Table of Contents.
Apr 29, 2020 · Aadhaar Payment Bridge System (APBS) is a payment system used by an institution for disbursal of subsidies or government benefits to a large number of beneficiary accounts.
