"This was achieved by doing the first successful cashless disbursement to various beneficiaries in the rural segment across the country," the bank said in a release.
The bank said it is a drive towards cashless loan disbursements, which otherwise is dominated by physical cash.
The APBS system can now enable MFIs to disburse loan amounts directly in Aadhaar-enabled bank accounts through RBL Bank.
"This unique idea of using an existing government platform for disbursing micro loans is a very big step in the direction of moving towards a cashless society in the rural segment," said Rajeev Ahuja, Head - Strategy, RBL Bank.
The APBS also assumes significance at a time when cash availability in the market is actually crippled due to government's recent decision to abolish Rs 500/1000 banknotes from circulation to check black money and widen the tax base.