APBS(Aadhar Payment Bridge System)
Aadhar Payment Bridge System:
APBS is used for credit transactions for Government/ Government agency disbursements.
Benefits to Customers:
Obviates need for multiple bank accounts for different schemes Faster channel for receiving all welfare payments without any middle-man Access to micro ATM in villages saves bank trips, thus reducing opportunity and access costs will help in more usage of formal banking system for managing savings and borrowing Online and interoperable architecture of AEPS ensures anytime-anywhere access of bank accounts.
How to Link your Account with AADHAR Card:
If you already have your AADHAR Card, you have to fill up a prescribed mandate form and submit photo copy of your AADHAR card to the bank for linkage.
If you don't have the AADHAR Card and you are the account holder of our Bank,you can mention our Banks 16 digit account number in the Aadhar Card Application Form.