APBS Services
Aadhaar Payment Bridge System(APBS) is a component of NACH, one of the unique payment systems implemented by NPCI, which uses Aadhaar number as a central key for electronic crediting of government benefits and subsidies in the Aadhaar Enabled Bank Accounts (AEBA) of the intended beneficiaries. Aadhaar mapper is used for routing the APBS transactions to the destination banks based on the unique IIN(Institution Identification Number) of destination bank.
Gayatri Co-Operative Urban Bank Ltd, in turn, credits the amount to the desired account number based on the Aadhaar number in a seamless timely manner and directly into beneficiary Account.
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Features and Benefits
» LPG subsidy payments
» MGNREGA payments
» Old age pension
» Other Government schemes subsidies, etc.,
