Simple steps for successful Aadhaar Payment Bridge Transactions

            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.  

            

Trident Group employees need Aadhaar Numbers to receive Salary, not Bank Account Numbers

            Do not worry, Salary will not be disbursed in Cash. Going ahead, Trident Group employees need not submit their Bank Account numbers to their Accounts/HR Department to receive their Salaries and other monetary benefits.

            Submission of Aadhaar numbers will be sufficient to receive the salaries.

            In a first of its kind, Trident Group is the first corporate in our country to adopt Aadhaar payment bridge (APB), for disbursement of salaries.

            The soft launch of the project of the project was done recently in New Delhi by Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, and Nandan Nilekani, Chairman, Unique Identification Authority of India (UIDAI). Rajinder Gupta, Chairman Trident Group was also present on the occasion

Trident Group is on the path of becoming one of the Largest Integrated Home Textile Manufacturing Facilities in the World.

The major benefits Trident Group foresee out of the Aadhaar numbers is in

·         saving verification cost

·         weed out fake data

APB facilitates seamless transfer of payments to Aadhaar Enabled Bank Account (AEBA). It is a payment gateway platform created by National Payments Corporation of India and is used by the government for direct transfer of certain government benefits.

Salary of employees of Trident Group has been transferred to their Aadhaar linked bank accounts leveraging Aadhaar Payment Bridge (APB).

Chairman Trident Group, Rajinder Gupta, informed that Trident has decided to link all their future recruitment with Aadhaar number for demographic verification.

Meanwhile Nandan Nilekani, chairman UIDAI welcoming Trident group in UIDAI ecosystem, congratulated the group for being the first corporate in the country to implement Aadhaar linked salary disbursal for its employees. This technology platform with advantage of de-duplication would be increasingly used by private sector and would create innovative applications for its use in more efficient manner.