System for Pension Administration Raksha (SPARSH) | 08 Jun 2024

Source: PIB

• Recently, the Defence Accounts Department (DAD) of the Ministry of Defence has signed MoUs with several banks to onboard them as SPARSH Service Centres.
• This will provide last-mile connectivity to pensioners, especially in remote areas.
• Through these centres, defence pensioners can update their profile, register grievances, digital annual identification, data verification, and access detailed information regarding their monthly pension.
• System for Pension Administration Raksha (SPARSH):
  • It is an integrated web-based system for the automation of sanctions and disbursement of defence pensions.
  • This web-based system processes pension claims and credits pensions directly into the bank accounts of defence pensioners without relying on any external intermediary.
  • It focuses on efficiency, responsiveness, and transparency.

Read More...