Page 558 - Compendium of UGC Regulations 1957-2023

Regulations pertaining to Credits, Academic Programmes and Award of Degrees:

4.7. To facilitate lifelong learning amongst all, i.e., formal and informal students from both
full-time and part-time modes.
4.8. To satisfy the students’ quest for knowledge, freedom to choose and change their
academic directions, connect different domains of knowledge and help them acquire
the right foundations and building blocks to pursue their life goals.
5. Organisational Structure of Academic Bank of Credits:
5.1. ABC shall be a digital/virtual/online store-house entity of academic credit data base of
HEIs with students as its stakeholder.

5.2. ABC shall be established, on the lines of the “National Academic Depository” shall
have a dynamic website providing all details of ABC and its operational mechanism for
the use of all stakeholder of higher education.

5.3. ABC shall be a bank for academic purposes, on the pattern of commercial banks for
financial purposes, with students as academic account holders to whom, the ABC shall
provide a variety of services including credit verification, credit accumulation, credit
transfer/redemption and authentication of academic awards.
5.4. Authentication of credits or academic awards by ABC shall not, in any way, be
construed as encroachment on the statutory powers of HEIs registered with ABC to
award degrees and other academic qualifications.
5.5 ABC shall act as the body empowered by the central government or UGC, as the case may
be, to provide authenticated records of credits earned by students from Registered HEIs.

5.6 The requirement of credits as well as essential components of study for award of any
UG/PG degree or diploma or certificate, or the Course work requirements for the Ph.D.
programmes shall be as prescribed by Registered HEIs.

5.7. ABC shall provide to every student the facility to open unique/individual Academic
Bank Account in digital form; and the account holder shall be provided with a unique
ID and access to the Standard Operating Procedure (SOP).
6. Functions of Academic Bank of Credits:

6.1. ABC shall deposit Credits awarded by Registered HEIs, for Courses pursued therein,
in the Academic Bank Account of the student; and the validity of such credits shall be
as per norms and guidelines issued by the Commission from time to time.

Provided that, ABC shall not accept any document pertaining to course credits directly
from students and shall entertain such documents as valid only when the same are
transmitted by the respective, Registered HEI awarding the credits.

6.2. ABC shall register HEIs under these regulations, ensure the opening, closure and
validation of Academic Bank Accounts; and shall also ensure credit verification, credit
accumulation, and credit transfer/redemption for students; apart from promoting its
role among stakeholder.

6.3. Courses undergone by the students through the online modes through National
Schemes like SWAYAM, NPTEL, V-Lab etc. or of any specified university, shall also
be considered for credit transfer and credit accumulation.

6.4. The functions of ABC are not limited to distance or a non-contact mode; and shall
extend to amalgamation of various existing and futuristic teaching-learning models;
and it may also consider credits obtained by students in assessments for ‘theory’ or
‘practicals’, if the same are offered as separate credit courses.

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University Grants Commission