The UGC had given a deadline of July 28, 2021, to inform all higher education institutions about the setting up of credit banks.
The Academic Bank of Credits (ABC) platform has been developed and launched by the National e-Governance Division (NeGD) under the DigiLocker framework.
Academic Bank of Credits(ABC) is an online virtual store that contains credits earned by individual students throughout their academic program. This helps award degrees/diplomas/certificates considering credits earned by students.
Academic Bank of Credits (ABC) will ensure the opening, closure, and validation of the Academic Bank of Accounts, verification, accumulation, and transfer or redemption for students. ABC allows students to choose their own learning path in their area of interest to attain a degree/diploma/certificate working on the principle of multiple entry-multiple exits of a course according to NEP 2020. For the immediate Implementation of Academic Bank of Credits (ABC) programme the UGC has issued an urgent notice to higher education institutions.
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