Academic Bank of Credits definition

Academic Bank of Credits means an academic service mechanism as a digital/virtual/online entity established by University Grants Commission to facilitate students to become its academic accounts holder, thereby paving the way for seamless students’ mobility between or within degree granting HEIs through a formal systems of credit recognition, credit accumulation, credit transfer and credit redemption to promote distributed and flexible teaching learning.
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Academic Bank of Credits means an academic service mechanism as a digital or virtual or online entity established by UGC with the approval of the Central Government, to facilitate students to become its academic account holders, thereby paving the way for seamless student mobility between or within degree-granting Higher Educational Institutions through a formal system of credit recognition, credit accumulation, credit transfers and credit redemption to promote distributed and flexible teaching-learning.
Sample 1
Academic Bank of Credits means an academic service mechanism as a digital/virtual/online entity established by University Grants Commission to facilitate students to become its academic accounts holder, thereby paving the way for seamless students’ mobility between or within degree-granting HEIs through a formal system of credit recognition, credit accumulation, credit transfer, and credit redemption to promote distributed and flexible teaching learning. ABC is a bank for academic purposes on the patterned of commercial banks for financial purposes with students as academic account holders to whom ABC shall provide a variety of services including credit verification, credit accumulation, credit transfer or redemption, and authentication of academic awards.
Sample 1

Examples of Academic Bank of Credits in a sentence

  • A motion was made by Board Member Smith to establish a subcommittee to review priority projects, new projects, and new or expanded areas of the Tax Increment Reinvestment Zones, and to appoint Vice Chair Manassian, and Board Members Smith and Fischer to the subcommittee.

  • Those have been developed keeping the vision areas of Digital India at the core- providing digital infrastructure as a core utility to every citizen, governance and services on demand and in particular, digital empowerment of the citizens of our country; some of these initiatives include DigiLocker, UMANG, Poshan Tracker, OpenForge Platform, API Setu, National Academic Depository, Academic Bank of Credits, Learning Management System.

  • NeGD has developed and is managing several National Public Digital Platforms such as DigiLocker, UMANG, Rapid Assessment System, OpenForge, API Setu, Poshan Tracker, Academic Bank of Credits, National Academic Depositories, National AI Portal, MyScheme, India Stack Global, Meri Pehchaan, etc.

  • Highly Secured services like maintaining Academic Bank of Credits over blockchain, On demand transcript generation via mobile using metadata, Digilocker interface etc.

  • The affiliating University did not register under Academic Bank of Credits (ABC) scheme till date.

  • Academic Bank of Credits to be established to facilitate Transfer of Credits.

  • The students/ learners/ workforce personnel should be able to store their credits in the Academic Bank of Credits (ABC) to be operated through their APAAR registration.4.7.2.Certificate Formats‌The certification of the student/ learner/ workforce personnel for such skilling and training course/ qualification shall be as per NCVET approved certificate formats as applicable to MNC/ Leading Indian Enterprises.

  • The procedure for accumulation of credits earned, shelf life, redemption of credits, would be as per the UGC (Establishment and Operation of Academic Bank of Credits in Higher Education) Regulations, 2021 and their subsequent amendments.

  • All students are requested to register with Academic Bank of Credits (ABC), so that the exam data and credits acquired will be uploaded in the portal which will help the students for future verification.

  • A Plan to establish a uniform Academic Bank of Credits across all State Universities is urgent.

Related to Academic Bank of Credits

  • Bank of America means Bank of America, N.A. and its successors.

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated in Dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

  • Credit Account is modified to read “Grant Account”.

  • JPMorgan Chase Bank means JPMorgan Chase Bank, N.A. and its successors.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.