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APBS/DBT

APBS is a payment system developed by the National Payments Corporation of India (NPCI) that allows for direct transfer of funds to an individual's Aadhaar-linked bank account. It facilitates direct benefit transfers (DBT) by ensuring that government subsidies, welfare benefits, and payments reach the beneficiaries in a secure, efficient, and transparent manner.

Overview

  • Direct Benefit Transfer Program aims to transfer subsidies directly to the people through their bank accounts. Benefits from Govt. Departments can received to the accounts of UGB customers, provided AADHAAR number has been linked to Accounts with our branches. Aadhaar Payments Bridge System (APBS) is used for crediting DBT transactions for Government/ Government agency disbursements.
  • DBT aims to transfer subsidies directly to the people through their bank accounts. Crediting of subsidies directly into bank accounts will reduce the leakages and delays in thedisbursement of all government transactions
  • The primary aim of this Direct Benefit Transfer program is to bring transparency and terminate pilferage from distribution of funds sponsored by Central Government of India.

Process & Advantages

  • To sub-serve the goal of Government of India (GOI) and Reserve Bank of India (RBI) in furthering Financial Inclusion by way of processing government disbursement using Aadhaar number.
  • To support various Schemes like NREGA, Social Security Pension, Handicapped Old Age Pension etc. of any Central or State Government bodies, to send financial details to the beneficiary using Aadhaar number.
  • APBS is safe and secure
  • This payment system enables to credit Government disbursements like Subsidies directly to customer accounts
  • Crediting of subsidies directly into bank accounts will reduce the leakages and delays

Rates & Charges

  • Click HERE for more details about interest rates& Service charges.
  • For more quries please contact to your nearest branch.
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