Defence Accounts Department has signed MoUs with four banks
- Defence Accounts Department has signed MoUs with four banks.
- These four banks are Bank of India, Canara Bank, Central Bank of India and Utkarsh Small Finance Bank.
- Defence Accounts Department, Ministry of Defence will onboard them as System for Pension Administration Raksha (SPARSH) Service Centres.
- The MoUs will provide last-mile connectivity to pensioners.
- The MoUs will provide connectivity especially in remote areas where they do not have technical wherewithal to log on to SPARSH.
- These Service Centres will become an interface for pensioners for SPARSH.
- SPARSH is an initiative of the Ministry of Defence. It aims to provide comprehensive solution to the defence pensioners.
