- SPARSH is known as the System for Pension Administration Raksha, a platform to deal with all defense pensioners' activities.
- The MoU was signed by the Controller General of Defence Accounts (CGDA), Ministry of Defence.
- SPARSH is a unified system to bring pension services to the doorstep of veterans.
- This was implemented by the Ministry of Defense on July 2021.
- Already SPARSH has tied up with the State Bank of India, Punjab National Bank, and Kotak Mahindra Bank.
- The service will help the defense pensioners in linking their Aadhaar with their pension account, annual life certification, and various services and grievance redressal.
Question:
Q.1 Ministry of Defense has recently signed MoU with which Bank for Defense Pension?a. Kotak Mahindra Bank
b. Bandhan Bank
c. Indian Bank
d. State Bank of India
