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The Defence Pension is a pension fund for the three wings of the armed forces and the civilian employees working in Defence establishments, where the Government of India contributes on behalf of the employee with an aim of retirement planning of the Defence personnel.
ICICI Bank has received formal authorization/ permission from the Ministry of Defence whereby the individual pensioners could receive their monthly pensions through their ICICI Bank accounts
PCDA, Allahabad and PCDA Pune issue the Pension Payment Orders (PPO) The PPOs are sent through linked ICICI Bank branches to the Pension Paying Branches mentioning the Pension Account number which the pensioner has already furnished.
Pension is periodically paid through the Central Pension Processing Cell, Mumbai
