Saturday, March 16, 2024

BENEFITS OF DSP ACCOUNT FOR PENSIONERS- MIGRATED TO SPARSH

 


Dear veteran brothers,

There is a doubt  being raised by  many  of us  regarding the Benefits under  DSP  (Defence Salary Package) accounts   after our pension a/c migration to SPARSH.

This DSP  account is presently in PNB and SBI.

We all know that, there are so many benefits  to DSP account holders. 

Pension  is being credited  in the DSP account holders in PNB and SBI.  The pension was processed and  disbursed through CPPC of PNB and SBI.  This  was OK.   But  now, most of our  accounts are migrated to SPARSH and CPPC  of banks have no role to play.

Here only the doubt arises.  As the pension is not credited by CPPC of Banks,  whether the benefits of DSP  is still available to us after migration to SPARSH .

There were many queries  from many ESM associations  and veterans.

It is now clarified  that, those who have DSP account  with the Banks and their  pension is credited  by whether  CPPC  or  SPARSH  ,are eligible for  the benefits of DSP accounts.

Punjab National Bank has issued a circular  in this regard  confirming the benefits.

PNB  Rakshak Plus Scheme  - in their circular  04/2024 dated 12-03-2024..

It is also confirmed from our  ARUPPUKOTTAI  ESM WELFARE ASSOCIATION-   They have informed that the benefit is availed for one  veteran who died in an accident recently..

This DSP scheme benefit  is also available to Para Military forces like BSF, CRPF, CISF, ITBP etc.

Our Veterans may please  share this information to all others.

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