Which bank is best for Defence pension account?
Axis Bank is authorised by RBI and Central Pension Accounting Office (CPAO) to carry out Pension Disbursement Services for Central Civil Pension through its 218 authorised branches across the country.
How much pension do Indian soldiers get?
Service element is similar to retiring pension i.e. 50% of last reckonable emoluments.It consists of pension for service actually rendered i.e. 50% of last pay drawn subject to a minimum of Rs. 3500/- pm.
What is the status of orop revision?
No point revising One Rank, One Pension scheme, Centre tells Supreme Court: Govt says move will be burden on exchequer. The Government of India on Friday told the Supreme Court that there will be no revisions as of now to the One Rank, One Pension (OROP) scheme.
Can DSP be joint account?
The beneficiary on death of Primary Salary Account holder will be the nominee registered with bank. In case of the joint account holder, beneficiary will be the surviving joint account holder.
Which bank is best for DSP account?
The HDFC Bank Defence Salary Account is a zero balance savings account that comes with the benefit of a free Personal Accidental Death cover upto Rs….HDFC Bank Defence Salary Account Fees and Charges.
| Particulars | Charges |
|---|---|
| NEFT Charges – Inward | Free |
| Mobilebanking | Free |
| Minimum Balance (Average Monthly Balance) | Zero |
What is PCDA sparsh?
SPARSH – Comprehensive Pension Package (CPP), an end to end Online System facilitating and easing every aspect of Defence Pensions from Initiation to Disbursement and more is being launched shortly in phased-wise manner.
What is PPO number for pension?
The new 12 Digit PPO number is unique for each pensioner/family pensioner and it works as reference number for any communication made to CPAO. Pensioners can check status of their pension and lodge grievances through 12 Digit PPO number only because CPAO database recognize only 12 Digit PPO numbers.
How much is the pension of Lt Col?
Calculating the pension is easy. It is 50% of your total Monthly pay plus DA (Example : An Officer retired from the post of Col on the attaining of age (Full service) and his basic pay if Rs. 60000.00 Grade Pay 8000, Military Service Pay 6000/.
Is DSP account for ex servicemen?
They have preferred only Exserviceman category personnel for their current job opening of various posts which are reserved for Exservicemen only. Total Salary including all … DSP account is offered for defence combatabnt personnel of all wings of Indian armed forced.
Is Subedar a gazetted officer?
The Subedar Major’s and other Junior Commissioned Officers of the Indian Army is equivalent to Group-B Gazetted Officers in India.