Bandhan Bank signs Memorandum of Understanding with Ministry of Defense for Defence Pensioners under SPARSH.SPARSH is known as the System for Pension Administration Raksha, a platform to deal with all defense pensioners’ activities. The MoU was signed by the Controller General of Defence Accounts (CGDA), Ministry of Defence. SPARSH is a unified system to bring pension services to the doorstep of veterans. This was implemented by the Ministry of Defense on July 2021.