The success of APBS depends on the
low return rate of the transactions. User’s
confidence in the APBS
will grow, if the return % is less.
Apart from gas subsidy transactions,
other types of transactions are also being routed through the APBS now.
Hence, it is of utmost important
that only transactions with genuine reasons are returned by the destination
banks.
To minimize the risks associated
with human intervention, NPCI has introduced an automated mapper at their end,
to route the transactions to the correct destination banks.
One of the important components of APBS
is the IIN. IIN stands for Institution Identification Number.
The transaction is routed to the destination
bank based on the Aadhaar Number linked to the IIN.
Since mid-June 14, NPCI has
introduced an additional layer of validation to the APB transactions.
Even if the IIN is included as part
of the transaction file, NPCI will validate the transaction against the mapper
database.
Only
those transactions which pass the Aadhaar Number / IIN linkage test will be
sent to the destination bank. This means the APB system will validate the
Aadhaar number and the mapping of the IIN to that particular Aadhaar number.
Otherwise
the transactions will get rejected due to the following reasons:
a)
Return
Reason 96 – Aadhaar mapping does not exist/Aadhaar number not mapped to IIN
b)
Return
Reason 80 – Wrong IIN
c)
Return
Reason 95- Inactive Aadhaar
Yes,
another drop for Safe ePayments
The above validations are expected to
increase the success rate of the final transactions sent to the destination banks.
