The Full Form of APBS: Aadhaar Payments Bridge System
APBS stands for Aadhaar Payments Bridge System. APBS is a platform developed by the National Payments Corporation of India (NPCI) that enables government welfare payments to be disbursed directly to the bank accounts of the intended beneficiaries, using their 12-digit Aadhaar number as an identifier.
Objectives of APBS
This system is intended to reduce the cost and complexity of making government payments and to improve the accuracy and transparency of the payment process by eliminating intermediaries and reducing the risk of fraud. APBS is used for a variety of welfare programs, including pension payments, subsidies, and social welfare payments.
Similar meaning of APBS
There are some of the most commonly used acronyms, abbreviations, full forms, and the meaning of APBS are listed in different categories below the table.
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Now you might have got some ideas about the Meaning and full form of APBS. And also all popular full forms, acronyms, abbreviations, and their meanings and definitions.