Faq’s on Aadhaar Payment Bridge (APB) System

By | December 11, 2016
(Last Updated On: December 11, 2016)

Aadhaar Payment Bridge (APB) System

What is Aadhaar number?

It is a 12 digit unique identification number that stores demographic and biometric information of the resident with photograph issued by Unique Identification Authority of India (UIDAI) on behalf of Government of India. Aadhaar serves as a proof of identity and address, anywhere in India.

What are the features of an Aadhaar number?

Aadhaar number is a 12 digit unique identification number which never starts with “0” and “1”. The last digit of the Aadhaar number is a check sum digit.

 What is Aadhaar Payment Bridge (APB) System?

It 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. It is a payment system based on Aadhaar numbers issued by UIDAI & IIN (Institution Identification Number) issued by NPCI. APB System is used by the Government Departments and Agencies for the transfer of benefits and subsidies under Direct Benefit Transfer (DBT) scheme launched by Government of India.

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.

Read Full FAQ’s on Aadhaar Payment Bridge (APB) System

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