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With reference to the SPARSH, consider the following statements:
1. It 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.
2. This system is administered by the Defence Accounts Department through the Principal Controller of Defence Accounts (Pensions), Prayagraj.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the SPARSH, consider the following statements:1. It ...
The Defence Accounts Department signed a MoU 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.
  • 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 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.
Hence both statements are correct.
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With reference to the SPARSH, consider the following statements:1. It 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.2. This system is administered by the Defence Accounts Department through the Principal Controller of Defence Accounts (Pensions), Prayagraj.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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