APBS is a unique payment system implemented by National Payments Corporation of India (NPCI), which uses 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. APB System is used by the Government Departments and Agencies for the transfer of benefits ... The full form of APBS is " Aadhaar Payment Bridge System ". It is a unique payment setup of the National Payments Corporation of India (NPCI) for directly crediting government subsidies, welfare payments, and other such benefits into the bank accounts of the beneficiaries linked to their Aadhaar biometrics.. We would like to show you a description here but the site won’t allow us. Aadhaar Payment Bridge System (APBS) is a payment system where Aadhaar numbers are utilised to transfer government subsidies and benefits to individuals' bank accounts. It is not a scheme but a method of transferring money.
