NAD (National Academic Depository) & ABC (Academic Bank of Credits)

NAD:

National Academic Depository (NAD) is a 24X7 online store house of all academic awards viz. certificates, diplomas, degrees, mark-sheets etc. duly digitized and lodged by academic institutions / boards / eligibility assessment bodies.

NAD services accessible at https://nad.digilocker.gov.in.

ABC:

It is a credit facility originally envisioned by the Government of India in the National Education Policy (NEP) 2020. The scheme has the provisions of creating a digital infrastructure that will store the academic credits earned by the students of various higher education institutes within the country.

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.
Academic Bank of Credits has been established on the lines of the National Academic Depository (NAD), in the sense, NAD is the backbone of ABC, where the students’ academic data are held and academic awards are stored (i.e. storehouse of academic awards).
From this academic year, it will be mandatory for all students to open an Academic Bank of Credit (ABC) account at abc.gov.in to get admission in universities across the country.

Overall, the Academic Bank of Credits (ABC) provides numerous benefits to students. It facilitates flexible study options, rewards students for taking additional courses and activities, and eliminates the need for students to apply for individual classes.