MoD Signs MoUs to Expand SPARSH Service Centers

The Ministry of Defence (MoD) has taken a significant step towards enhancing pensioner services by forging partnerships with four prominent banks. These Memorandums of Understanding (MoUs) aim to establish SPARSH service centers, leveraging the System for Pension Administration (RAKSHA), across 1,128 branches nationwide. SPARSH, a web-based system, facilitates streamlined pension processing and direct crediting to defense pensioners’ bank accounts.

Enhancing Pensioner Access

The MoUs with Bank of India, Canara Bank, Central Bank of India, and Utkarsh Small Finance Bank mark a strategic move to extend last-mile connectivity to pensioners, particularly those in remote areas lacking technical infrastructure. These SPARSH service centers will serve as pivotal points for pensioners, offering assistance in profile updates, grievance registration, digital annual identification, data verification, and access to detailed pension information.

Cost-Free Accessibility

Pensioners can access these service centers free of charge, with nominal service fees covered by the Defence Accounts Department (DAD). This initiative aims to ensure seamless and affordable access to SPARSH services, fostering efficiency and transparency in managing defense pensions.

Widespread Reach

With these partnerships, SPARSH services will now be accessible through over 26,000 branches across 15 banks nationwide. This extensive network complements the existing infrastructure, which includes 199 dedicated DAD srvice centers and over 3.75 lakh common service centers, reinforcing the Ministry of Defence’s commitment to comprehensive pensioner support.

Piyush Shukla

Recent Posts

Today Top 10 Current Affairs 18 October 2024 Questions and Answers

The Daily Current Affairs Quiz which keeps you updated with the current events happening all…

59 mins ago

List of Companies Owned By Tata Group, Check the List

The Tata Group is one of India's biggest and oldest business groups, known for its…

14 hours ago

Nikita Porwal Crowned Femina Miss India 2024

Nikita Porwal from Madhya Pradesh has emerged as the winner of the Femina Miss India…

15 hours ago

NITI Aayog to Host International Methanol Seminar

NITI Aayog is gearing up to host the Second International Methanol Seminar and Expo 2024…

16 hours ago

Akhil Sheoran Secures Bronze at ISSF World Cup Final in New Delhi

India’s Akhil Sheoran clinched the bronze medal in the 50m Rifle 3 Positions event at…

16 hours ago

Which Indian City is Known as the Jewel of Kathiawar?

India is a land of diverse cities, each with its unique charm and identity. Many…

17 hours ago