ID Account Mapper

What is it?

Enables mapping of beneficiary IDs with bank account information for use cases such as payment of government to person benefits

A short explainer on ID Account mapper

Why ID Account Mapper?

Capabilities

Maintains a mapping of an ID and Financial Address
User login via any trusted digital ID
Self service portal for update of account information
Standard APIs to query and update financial address
One ID mapped to 1 Financial Address
Multiple IDs may be added for the same user*
Bulk upload by Admin or Financial Service Providers (FSPs) like bank, or Govt Department after authentication

Benefits

For the system/ business user:

Each benefits delivery system need not collect and store sensitive financial information
Minimise leakages due to incorrect information and middlemen
Drives new use cases such as salaries, pensions, & scholarships using same G2P infrastructure
Avoids creating new accounts or fresh KYC processes, and uses beneficiary’s existing account
Eliminates the need for any bilateral tie up with selected bank(s)
Reduces the TAT for benefits disbursement - time between decision making and implementation is minimised
Access to updated, accurate financial information
Reduced failure rates in sending the benefits

For the citizen:

Empowered to receive benefits in account of their choice
Does not need to create new financial accounts for each social benefits program
Timely receipt of benefits of eligible schemes
Directly receive (benefits) money without any middleman (and hence no bribery)
Easier sign up process for social protection programs - no need to re-enter financial information
Ability to self update source account

Value created

Citizens can lead better lives with support from the govt - higher quality of life
Restores agency to citizens

What use cases can be powered?

Agriculture

Direct benefit transfer to farmers for fertiliser subsidies

Healthcare

Ministry of health sending childbirth allowance for pregnant women

Education

Merit based tuition fee reimbursement for children from low income groups

Climate

Energy subsidies for houses with rooftop solar

Social welfare

Direct benefit transfer for vulnerable sections after a natural disaster

For DaaS Cohort 1, OpenG2P SPAR is the ID-Account Mapper product made available.

Additional resources:

Experience centre:

Coming soon!