APBS full forms are Aadhaar Payment Bridge System. APBS is a unique payment system implemented by the National Payments Corporation of India (NPCI), which uses the 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.
APBS is used for credit transactions for Government or Government agency disbursements of benefits and subsidies under the Direct Benefit Transfer (DBT) scheme launched by the Government of India. For example, APBS is used for the transfer of LPG subsidies.
The main benefit of APBS is to sub-serve the goal of the Government of India (GOI) and RBI in furthering Financial Inclusion by way of processing government disbursement using the Aadhaar number.
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Other APBS Full Forms
- Appointment Payroll And Benefits System
- Arallel Poisson Boltzmann Solver
- Adaptive Poisson Boltzmann Solver
- Aadhaar Payments Bridge System
- Adaptive Poisson Boltzman Solver
- Accounting Principles Board Statements
- Accounting Plus Business Services
- Alliance Professional Business Solutions
- Avicenne Private Business School
- Adjustable Plastic Bayonet Sensor
- Automated Property Book System
- Association for Positive Behavior Support
- Automated Parcel Bundle System