Aadhaar Payment Bridge System (APBS) sub-serves the goal of Financial Inclusion and provides an opportunity to the Government to attempt financial re-engineering of its subsidy management program. The implementation of APB System has also lead to electronification of a large number of retail payment transactions which were predominantly either in cash or cheque.

Benefits

• Eliminates inordinate delays, multiple channels & paper-work involved in the existing system.
• Transfers benefits & subsidies in a seamless & timely manner and directly into the Aadhaar Enabled Bank Account.
• In case of change in bank account, customer is not required to convey the bank account details or change in bank details to the Government Department or Agency.
• Customer not required to open multiple bank accounts for receiving benefits and subsidies of various social welfare schemes – Customer just need to open one account and seed his/her Aadhaar number in the bank account to start receiving benefits and subsidies directly into his/her Aadhaar Enabled Bank Account.

Features

• Banks can upload/download transaction files through secured web access.
• Banks can get connect to NPCI either through NPCINet or Internet.
• Transaction routing on the basis of IIN issued by NPCI.
• Transaction processing by destination banks on the basis of Aadhaar numbers.

To know more visit your nearest branch or business correspondent.