Aadhaar Payment Bridge System
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.
What are the benefits of Aadhaar Payment Bridge (APB) System?
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.