Defense Ministry signs an MoU with BoB and HDFC: In order to reach seventeen lakh defence pensioners nationwide, the Defence Ministry has inked an MoU with Bank of Baroda (BoB) and HDFC Bank as part of the SPARSH-System for Pension Administration program. Dr. Ajay Kumar, the secretary of defence, stated that by the end of this month, seventeen lakh of the thirty-two lakh defence pensioners will be added to SPARSH.
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