Which of the following bank has launched Aadhaar Payment Bridge System (APBS) for small ticket micro-finance loan disbursements.

2016

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

Which of the following bank has launched ’Aadhaar Payment Bridge System’ (APBS) for small ticket micro-finance loan disbursements.

A	ICICI Bank
B	YES Bank
C	Axis Bank
D	RBL Bank

Explanation:

Detailed explanation-1: -NEW DELHI: Private sector RBL Bank today said it has launched ‘Aadhaar Payment Bridge System’ (APBS) for small ticket micro-finance loan disbursements.

Detailed explanation-2: -Aadhaar Payment Bridge (APB) System, one of the unique payment systems implemented by NPCI, uses Aadhaar number as a central key for electronically channelizing the Government benefits and subsidies in the Aadhaar Enabled Bank Accounts (AEBA) of the intended beneficiaries.

Detailed explanation-3: -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-4: -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.

There is 1 question to complete.