The Academic Bank will be accountable for opening, closing, and validating the academic accounts of students.

It will carry out tasks such as credit accumulation, credit verification, credit transfer/redemption of students.

The courses include online and distance mode courses offered by the government and institutes.

The validity of these academic credits earned by students will be up to seven years and students can redeem these credits.

The credits can be redeemed and students can seek admission directly in the second year at any university.

The validity will be up to seven years, hence, students will have to rejoin within seven years.