Our Bank is providing APBS facility to our customer. Hence requested all customer to contact branch to register their Aadhar No with their Saving Account No.
APBS is a unique payment system implemented by National Payments Corporation of India (NPCI), which uses Aadhaar number as a central key for electronically channelizing the Government subsidies and benefits in the Aadhaar Enabled Bank Accounts (AEBA) of the intended beneficiaries. It is a payment system based on Aadhaar numbers issued by UIDAI & IIN (Institution Identification Number) issued by NPCI. APB System is used by the Government Departments and Agencies for the transfer of benefits and subsidies under Direct Benefit Transfer (DBT) scheme launched by Government of India.
It is a 12 digit unique identification number that stores demographic and biometric information of the resident with photograph issued by Unique Identification Authority of India (UIDAI) on behalf of Government of India. Aadhaar serves as a proof of identity and address, anywhere in India.
No. Once a customer receives his/her Aadhaar number, he/she needs to submit an application along with a copy of the Aadhaar Card to the bank branch where he/she is maintaining an account. The bank branch seeds the Aadhaar number in the customer account details maintained in the Core Banking System of the bank, thus making the account as Aadhaar Enabled Bank Account (AEBA).
DBT (Direct Benefit Transfer) is a scheme launched by Government of India to transfer the benefits and subsidies of various social welfare schemes like LPG subsidy, MNREGA payments, Old Age Pension, Scholarships etc. directly in the bank account of the beneficiary.
DBTL (Direct Benefit Transfer for LPG Subsidy) is a scheme which provides the LPG subsidy amount applicable on the domestic LPG cylinder directly into the consumer’s bank account. At the time of LPG cylinder delivery, consumer will have to pay the full price of the LPG cylinder.
The APB System sub-serves the goal of Financial Inclusion and provides an opportunity to the Government to attempt financial re-engineering of its subsidy management program. The implementation of APB System has also lead to electronification of a large number of retail payment transactions which were predominantly either in cash or cheque.
1. Eliminates inordinate delays, multiple channels & paper-work involved in the existing system.
2. Transfers benefits & subsidies in a seamless & timely manner and directly into the Aadhaar Enabled Bank Account.
3. In case of change in bank account, customer is not required to convey the bank account details or change in bank details to the Government Department or Agency.
4. Customer not required to open multiple bank accounts for receiving benefits and subsidies of various social welfare schemes – Customer just need to open one account and seed his/her Aadhaar number in the bank account to start receiving benefits and subsidies directly into his/her Aadhaar Enabled Bank Account.
Bank account seeded with Aadhaar number of the customer in the Core Banking System (CBS) of the bank becomes an Aadhaar Enabled Bank Account (AEBA).
Yes, the customer needs to have a bank account for availing through benefits & subsidies through APB System.
Once an account of the APB System participating bank becomes Aadhaar enabled, it can receive benefits and subsidies remitted by the Government Departments and Agencies to the beneficiary.
NPCI does not provide direct facility to the bank customers or LPG consumers to check the Aadhaar number mapping status in NPCI mapper. However, LPG consumers can check their Aadhaar number mapping status in NPCI mapper by vising the transparency portal of the respective OMCs (Oil Marketing Companies) website
Our Bank is providing ECS facility to our customer. ECS is an electronic mode of funds transfer from one bank account to another. It can be used by institutions for making payments such as distribution of dividend interest, salary, pension, among others. It can also be used to pay bills and other charges such as telephone, electricity, water or for making equated monthly installments payments on loans as well as SIP investments. ECS can be used for both credit and debit purposes
You need to inform your bank and provide a mandate that authorises the institution, who can then debit or credit the payments through the bank. The mandate contains details of your bank branch and account particulars. It is the responsibility of the institution to communicate the details of the amount being credited or debited to their account, indicating the date of credit and other relative particulars of the payment. You will know the money has been debited from your account through mobile alerts or messages from the bank.The ECS user can set the maximum amount one can debit from the account, specify the purpose of debit, as well as set a validity period for every mandate given.
The Reserve Bank of India has deregulated the charges to be levied by sponsor banks from institutions. Destination bank branches have been directed to afford ECS credit free of charge to the beneficiary account holders. So, it costs you nothing.
There are two steps you have to follow to ensure appropriate closure. Firstly, the service provider, which is the beneficiary of the payment, will have to be given a written communication in the way stipulated by them, in order to discontinue the services. And next, the bank, which is the channel of payment, will also have to be given a written application stating you would like to discontinue.
Our Bank is providing BBPS facility to our customer. BBPS is a convenient single point portal that enables all types of bill payments for electricity, telecom (mobile post-paid, landline and broad-band), gas, water and DTH
Visit your nearest branch to make your payments through BBPS:
Our Bank is providing Pigmy facility to our customer. Hence requested all customer to contact branch to register for Pigmy facility.
The Pigmy deposit scheme is designed keeping in mind to help the small traders/business men/petty shop keepers/ members etc.
Daily amount is collected at their door step for this purpose the persons from respectable family background and honest are appointed as Pigmy agents to collect the amount daily.
Electronic machines are provided to these agents to give valid receipts to the depositors on daily basis these receipts are being issued on the spot on tendering cash.
Pass book also being issued to verify the balance in the account at regular intervals.
These Pigmy accounts opened generally for 36 months. 3% int on outstanding (minimum) balance of the particular month is being paid at the time of maturity. Premature closure is permitted but no interest is paid if closed before 9 of the particular month and commission paid to the agents will be recovered from the account holder.
Loan facility available on the Pigmy Deposit Account. Interest at 14% will be charged for the loan.
Our Bank is providing NEFT/RTGS facility to our customer. Hence requested all customer to contact branch to use the facility for easy transfer of amount to their beneficiary.
Inter Bank Transfer enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch. There are two systems of Inter Bank Transfer – RTGS and NEFT. Both these systems are maintained by Reserve Bank of India.
Minimum / Maximum amount for RTGS / NEFT transactions under Retail Internet Banking
| Type | Minimum | Maximum |
|---|---|---|
| RTGS | Rs. 2 Lakhs | No limit |
| NEFT | No Minimum | No limit |
Under normal circumstances the beneficiary Bank branch receives the funds in real time as soon as funds are transferred by the remitting Bank. The beneficiary Bank has to credit the beneficiary’s account within two hours of receiving the funds transfer message.
As stated above, NEFT operates in half hourly batches. Currently there are 48 settlements on all days including holidays. Therefore, the beneficiary can expect to get the credit for the transactions on the same day.
The SSCbank mobile app will assist customers to get a view of their product subscriptions in the bank , portfolio includes SB, CA, OD/CC, Deposit/ Pigmy/Loan etc.
No, such facilities is not available at this point in time, However we will introduce the same facilities in future.
Yes, Customers can request through their mobile app and statements of their account will be emailed to their registered email id.