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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.

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
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