Academic Bank of Credit

Academic Bank of Credit Latest News

The Academic Bank of Credits (ABC) and the Automated Permanent Academic Account Registry (APAAR) are building a trusted digital ecosystem for academic records, making education more flexible, transparent, and accessible for every learner. 

About Academic Bank of Credit

• It is a revolutionary digital platform by the Ministry of Education, Government of India.
• It is regulated by the University Grants Commission (UGC).
• It is built to support every learner’s journey by providing a digital platform for storing, managing, transferring, and redeeming academic credits earned by students from recognised educational institutions.
• Objectives: The main objective of ABC is to create a flexible, learner-friendly education system in which learning achievements can be recognised, stored, and used throughout a person’s life.
• It supports the vision of the National Education Policy (NEP) 2020 and the National Credit Framework (NCrF).

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How Does Academic Bank of Credit Work?

• Students register on the ABC portal and receive a unique ABC ID or APAAR ID linked to their Aadhaar and DigiLocker account.
• Students belonging to eligible Higher Education Institutions (HEIs) can use the ABC facility.
• Academic institutions upload credit data directly to the ABC portal against each student’s account.
• Students can accumulate, transfer, and redeem credits across HEIs without losing academic progress.
• Credits are valid for a maximum of 7 years or the duration prescribed by the relevant academic discipline. Once redeemed, credits cannot be reused.
• Credit redemption and certificate issuance are handled by academic institutions via the National Academic Depository (NAD) platform.
• The NAD serves as the backbone of ABC, securely storing all academic awards and records.

Key Features of Academic Bank of Credit

• Academic Mobility: Students can study across multiple HEIs and transfer their credits seamlessly between programmes and institutions.
• ABC provides students with a seamless, consent-based document exchange system that streamlines verification and significantly reduces processing time.
• Multiple Entry and Exit (MEE): ABC enables the MEE framework under NEP 2020.
• SWAYAM Integration: Students may avail up to 40% of credits from the SWAYAM online platform.
• National Credit Framework (NCrF): ABC is aligned with the NCrF, covering academic, vocational, and experiential learning.

Source: PIB