Aadhaar Payment Bridge System (APBS)
Seamlessly Crediting Benefits Directly to Beneficiaries
APBS is a key component of the National Automated Clearing House (NACH) that uses Aadhaar numbers to ensure direct and timely crediting of government benefits and subsidies into Aadhaar Enabled Bank Accounts (AEBA) of beneficiaries.
How APBS Works?
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1. Linking Aadhaar to Bank Accounts
APBS uses Aadhaar numbers as the central identifier, connecting to your bank account for accurate, direct crediting.
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2. Seamless Transaction Routing
The Aadhaar Mapper directs the transaction based on the unique IIN (Institution Identification Number) to the destination bank.
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3. Direct Credit into Your Account
Kanakamahalakshmi Co-op Bank credits the funds directly into the beneficiary’s account securely and on time.
Key Features & Benefits
Timely Government Subsidies
APBS ensures smooth and on-time disbursement of various government benefits.
Secure Transactions
Aadhaar authentication guarantees a secure transaction process for crediting funds.
Coverage of Major Government Schemes
- LPG Subsidy Payments
- MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act)
- Other Government Subsidies