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APBCR can have two full forms, in banking terms, it means the Aadhar Payments Bridge System, and in medical terms, it means the Asia Pacific Board for Clinical Research. The Aadhar Payment Bridge System is considered a special payment system that the National Payments Corporation of India runs, and the Asian Pacific Board for Clinical Research is the largest association of clinical researchers. Read this blog to learn more about the full form of APBCR in both fields.
APBCR Full Form In Banking Terms
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The full form of APBCR in banking terms is the Aadhar Payments Bridge System, which is a special payment run by NPCI and helps in electronic payments and government benefits into the Aadhar Enabled Bank Accounts of the recipient by using Aadhar as the central key. Government departments and agencies use the Aadhar Payments Bridge System to transfer benefits and subsidies under India’s Direct Benefit Transfer (DBT) program.
Also read: What is the Full Form of BBPS?
Benefits of the Aadhar Payments Bridge System
There are several benefits of the Aadhar Payments Bridge System; some of them are as follows:
- Eliminates Excessive Delays in payments
- Enables a swift transfer of funds and subsidies.
- Customers are not entitled to tell any government agency about changes in their bank account information and details.
- For customers to receive benefits and subsidies under various social welfare programs, they only need to open one account and fund it.
Also read: What is the Full Form of UPI?
APBCR Full Form In Medical Terms
The Asian Pacific Board for Clinical Research (APBCR), established in the late 1970s, has a long and distinguished history. Remarkably, it has grown to become the leading association in the Asia-Pacific region for clinical research, APBCR brings together 18 full members, 6 affiliates, and a significant 22 corporate members, all working collaboratively to advance clinical research efforts across the region.
Also read: What is the Full Form of ADS in Medical?
FAQs:
APBCR stands for Aadhar Payments Bridge System. It is a system in India that facilitates direct transfer of government subsidies and benefits into Aadhar-linked bank accounts.
APBCR stands for Asian Pacific Board for Clinical Research. It is a leading association in the Asia-Pacific region dedicated to advancing clinical research standards and practices.
Key benefits include swift transfer of funds, reduction in payment delays, centralized Aadhar authentication, and simplified processes for recipients of government subsidies and benefits.
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