Private sector RBL Bank has launched APBS for small ticket micro-finance loan disbursements. APBS stands for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Aadhaar Payment Bridge Service
B	Aadhaar Payment Bridge Sending
C	Aadhaar Payment Bridge Scheme
D	Aadhaar Payment Bridge System

Explanation:

Detailed explanation-1: -APBS –Aadhaar Payment Bridge System for (DBT) Direct Benefit transfer. You deserve. Cosmos delivers. A unique payment system that uses your Aadhaar number as a vital component for electronically channelizing all your Government subsidies and benefits to your Aadhaar-linked Bank Account.

Detailed explanation-2: -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.

Detailed explanation-3: -Persons eligible under social welfare schemes sponsored by the government can avail of the benefits and subsidies. Such individuals must ensure that their Aadhaar number is linked to their bank accounts to receive the benefits under the APB system.

Detailed explanation-4: -RBL Bank Ltd, the erstwhile Ratnakar Bank Ltd, has a long history in India with operations since 1943 when the bank was incorporated as a small regional bank in Maharashtra with two branches in Kolhapur and Sangli.

There is 1 question to complete.