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Bandhan Bank signs MoU with Ministry of Defense for Defense Pension

Published on December 21, 2022
Current Context: Bandhan Bank signs Memorandum of Understanding with Ministry of Defense for Defence Pensioners under SPARSH.
Bandhan Bank signs MoU with Ministry of Defense for Defense Pension
  • 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.


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
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