Aadhaar Payment Bridge – Banks to share the Account Number / Beneficiary Name in the Response file

 

Aadhaar Payment Bridge – Banks to share the Account Number / Beneficiary Name in the Response file

 

NACH’s Aadhaar Payment Bridge (APB) System, developed by NPCI has been helping the Government and Government Agencies in making the Direct Benefit Transfer scheme a success.

APB System has been successfully channelizing the Government subsidies and benefits to the intended beneficiaries using the Aadhaar numbers.

The APB System links the Government Departments and their sponsor banks on one side and beneficiary banks and beneficiary on the other hand.

To reduces queries on APB returns, NPCI has mandated Destination Banks to share the Account Number and Account Holder Name to the sponsor bank, for Specific APB Return Reasons vide NPCI Cir No 6, dt.July 16, 2021

The Account Number / Beneficiary Name information will go a long way in reducing the pain points of APB

            NPCI Cir No 6, dt.July 16, 2021 is continuation of Cir No 012 dt. August 13, 2019.

            Vide Cir No 012 dt. August 13, 2019 NPCI had advised ‘All NACH Member Banks participating in APB Product’, on the mandatory requirement of providing Beneficiary name and Account Number for transactions returned with specific reasons.

            Now with Cir No 6, dt dt.July 16, 2021, NPCI has informed Banks that it has made the necessary changes in its system.

Reason Code	Reason Description	Beneficiary Name and Account Number to be captured
0	Accepted	Yes
1	Account Closed	Yes
51	KYC Documents Pending	Yes
52	Documents pending for account holder turned major	Yes
53	Account Inoperative	Yes
54	Dormant Account	Yes
57	Amount exceeds limit set on Account by Bank for Credit per transaction	Yes
58	Account reached maximum Credit limit set on account by Bank	Yes
60	Account Holder expired	Yes
62	Account under Litigation	Yes
68	Account Blocked or Frozen	Yes
69	Customer Insolvent / Insane	Yes
71	Invalid Account Type (NRE/PPF/CC/Loan/FD)	Yes
10	Unclaimed / DEAF Accounts	Yes

 

 

Total 14 Reasons

1 – Transaction Accepted and funds credited to the account. This is applicable for Reason Code ‘0’

13 – Transactions Rejected and funds sent back to the Sponsor Bank / Sending Account. This is applicable for selected return codes from 1 onwards

 

From 1^st September 2021 onwards, it is mandatory for destination banks to share the Account Number / Account Holder Name for the above Reasons.

NPCI has made the necessary changes in their system. Any return file without the Account Number / Account Holder Name for the above reasons will be rejected. There is no ‘If and But’

Since February 2017, for all APB successful transactions, destination banks have to provide the Beneficiary Name and Account Number in the response file.

There has been a growing demand by departments/agencies initiating DBT (Direct Benefit Transfers) via APB for a provision to capture Beneficiary Name and Account Number for return transaction.

Cir No No 012 dt. August 13, 2019 is the outcome of this demand.

NPCIs FAQs for customers on APB is available @ https://www.npci.org.in/what-we-do/nach/faqs/customers

 

NPCIs FAQs for Banks  on APB is available @ https://www.npci.org.in/what-we-do/nach/faqs/banks

 

The FAQs has Question and Answers to minimise challenges for bankers as well customers in receiving DBT credits

Disclaimer: The bottom line is Mission #LessCashNotCashLess