It is a special payment system run by the National Payments Corporation of India (NPCI) that electronically transfers government benefits and subsidies into the Aadhaar Enabled Bank Accounts (AEBA) of the intended recipients using the Aadhaar number as a central key. Aadhaar Payments Bridge System (APBS) is used for crediting DBT transactions for Government / Government agency disbursements. 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. It is a payment system based on Aadhaar numbers issued by UIDAI & IIN (Institution Identification Number) issued by NPCI.
Eliminates inordinate delays, multiple channels & paper-work involved in the existing system. Transfers benefits & subsidies in a seamless & timely manner and directly into the Aadhaar Enabled Bank Account. In case of change in bank account, customer is not required to convey the bank account details or change in bank details to the Government Department or Agency. Customer not required to open multiple bank accounts for receiving benefits and subsidies of various social welfare schemes – Customer just need to open one account and seed his/her Aadhaar number in the bank account to start receiving benefits and subsidies directly into his/her Aadhaar Enabled Bank Account.