APBCr (Aadhaar Payment Bridge Credit) on a bank statement indicates money received through the APBS system—typically government subsidies, pensions, or benefits linked to your Aadhaar number.
What It Means:
- APBS: Aadhaar Payment Bridge System
- Cr: Credit (money added to your account)
- Purpose: Direct benefit transfer from government
Common Sources:
- LPG subsidy (cooking gas)
- Pension payments
- Scholarship disbursements
- Government welfare schemes
- Social security benefits
How It Works:
- Government agencies use your Aadhaar number
- NPCI (National Payments Corporation of India) routes payment
- Money credited directly to your linked bank account
Importants Points:
- Type: Government benefit payment
- System: Aadhaar-linked direct transfer
- Source: Government subsidies or welfare schemes