The NEP, 2020 reiterates the holistic and multidisciplinary education. Even engineering institutions, such as IITs, will move towards more holistic and multidisciplinary education with more arts and humanities. The Academic Bank of Credits (ABCs) shall be a national-level facility to promote flexibility of curriculum framework and interdisciplinary academic mobility of students across HEIs with appropriate credit transfer mechanism. It will enable the integration of multiple disciplines of

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... r learning, leading to the desired outcomes including enhanced creativity, innovation, higher order thinking and critical analysis. Academic Bank of Credits is essentially a credit-based, and highly flexible, student-centric facility. Students are eligible for Credit transfer, Credit accrual and Credit redemption through ABCs. The present article enlighten the readers with regard to Objectives of ABCs ; Functions of ABCs ; Organizational Structures of ABCs ; Implementation Plan for ABCs ; and Eligibility Criteria for HEIs to register with ABCs. The Regulations presented in this article are called as the University Grants Commission (Establishment and Operation of Academic Bank of Credits in Higher Education) Regulations, 2021 which will be implemented from the academic year 2021-22.