Ministry of Defence signs MoU with Bank of Baroda and HDFC Bank to expand the reach of SPARSH initiative

New Delhi, 22nd Sept 2022:

The Defence Accounts Department signed a Memorandum of Understanding (MoU) today with Bank of Baroda and HDFC Bank, to onboard them as Service Centres under the System for Pension Administration (Raksha) (SPARSH) initiative, across more than 14,000 branches throughout India. The MoU was signed in the presence of Defence Secretary Dr. Ajay Kumar, Financial Adviser (Defence Services) Smt. Rasika Chaube and Controller General of Defence Accounts (CGDA), Shri Avinash Dikshit, by Shri Sham Dev, Controller of Defence Accounts (CDA) Pensions, PCDA (Pensions) Prayagraj and senior executives of Bank of Baroda and HDFC bank.

Defence Secretary Dr Ajay Kumar said that the objective is to bring 17 Lakh pensioners out of the total 32 lakh defence pensioners on SPARSH by the end of September, 2022 and the remaining pensioners will be brought to SPARSH at the earliest. He said that the average time in pension settlement has come down significantly to about 16 days.

The MoU will onboard more than 7900 branches of Bank of Baroda and 6300 branches of HDFC Bank as Service Centres to provide last mile connectivity to pensioners, especially those who live in remote areas of the country and those who do not have the means or technical wherewithal to logon to SPARSH. For these pensioners, the Service Centers will become an interface for SPARSH and provide an effective medium for pensioners to perform profile update requests, register grievances and seek redressal, digital annual identification, pensioner data verification or also simply fetch detailed information regarding their monthly pension.

These centres would further augment the existing network of more than 161 DAD offices and nearly 800 Service Centres provided by State Bank of India and Punjab National Bank branches, and 14 branches of the Kotak Mahindra Bank. More than 4.5 lakh Village Level Entrepreneurs (VLEs) will also assist Defence Pensioners, as part of the Common Service Centres (CSC) network. The access to these service centers would be provided free of cost to the pensioners, with nominal service charges being borne by the Department.

Providing impetus to Digital India initiative, SPARSH has grown exponentially with more than Rs 11,600 Crores disbursed in the Financial Year 2021-22, from just about Rs 57 crores in FY 2020-21. The total number of pensioners onboard SPARSH has crossed over one million mark with 11 lakh beneficiaries, which is about 33% of the total defence pensioners in India.

SPARSH is a web-based system for processing the pension claims and crediting the pension directly into the bank accounts of defence pensioners without any external intermediary. It has been designed to give Defence Pensioners a transparent view of their pension account, through an online portal (https://sparsh.defencepension.gov.in/) which captures and maintains a complete history of events and entitlements of the pensioner – right from the date of commencement of pension to the date of cessation of pension due to the last eligible beneficiary.

This system is administered by the Defence Accounts Department through the Principal Controller of Defence Accounts (Pensions), Prayagraj and caters to all the three Services and allied organization. The system on roll-out is initially catering to the new retirees and subsequently is being extended to cover the existing defence pensioners.

PIB

FOREWORD

Dear Reader’s,

 

The current edition of Aviation World has covered many areas of Aerospace & Defence based on the latest development in the sector. The front cover highlights three different images, first for the Union Civil Aviation Minister ….. who is leading from the front to steer Indian Civil Aviation sector to witness one of the most interesting phases. He is also facing most tumultuous timing due to the ongoing financial stress in the Aviation sector due to ATF rising cost and long airspace restrictions resulting in mounting losses for Indian carriers. Despite of all the ground level challenges,the minister is addressing new things on regular basis which keeps the sector motivated. We have featured many such developmental works in this edition done under his guidance which will be interesting to read.

Our lead story on “ The West War” is another important feature which covers the ground level reality of the challenges faced by the Aviation sector. Its though time ahead and we believe it will pass soon .

There are features on Regional connectivity and MoCA revised rules on the UDAN 2.0 and how its going to transform the flying experience within India.

In this edition, we have covered topics on MRO,Various Policy changes,Sea Plane Operations by SkyHop Aviation, TATA-Airbus joint project on C295 military aircraft under Make In India which is expected to roll out soon and many other interesting contents which will be good to read.

We are covering Farnborough International Airshow 2026 from 20-24July 2026 in London and our next edition will be based on the same event.For features, you may contact our team on priority basis.

 

Happy Reading!

NEWSLETTER

Aviation World Magazine is India’s premier aviation magazine and has been actively supporting the development of the Indian and global civil aviation sector. We started our journey in year 2015 and its been 12 years now and the response and acceptance is really encouraging. Thanks to all our associates and writers who remained with us in our progressive journey.

We have started 2026 on a very positive note and we look forward to increase our footprints to more locations and induct many more new companies in our campaign.. Do write to us at : editor@aviationworld.in

Disclaimer

The contents published in this website are news covering Aviation, Aerospace and Defence sector. The objective is to provide news in informative form to keep our readers updated of the latest development. We also publish content featured in our print publication Aviation World.We try our best to avoid any factual errors or image displayed here but we ensure immediate corrections to any such thing brought to our notice that might have been published inadvertently. All images and contents are sourced from the relevant organisations media team.

Copyright ©2014 – 2026. AVIATION WORLD. All rights reserved.

Scroll to Top