Functions of Academic Bank of Credit (ABC)
1. Academic Transactions: The Academic Bank will be responsible for opening, shutting down, and certifying student academic accounts. It will perform activities such as credit collection, credit verification, and student credit transfer/redemption.
2. All courses Under Purview: The courses include government and institute-provided online and distance learning options.
3. Redeemable Credits: These academic credits acquired by students will be valid for up to seven years and can be redeemed by students. Credits earned can be redeemed, and students can apply for second-year admission at any university. The validity period can extend a maximum of seven years, therefore students must return within that time frame.
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