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Bank of Baroda to set up pension payment system

Bank of Baroda is planning to implement a web-based pension payment system that will support processing and disbursement of pensions on behalf of central & state government entities, semigovernment agencies, departments & directorates, public sector entities and the bank itself. The bank wants the proposed system to be able to handle multi-organization unit’s pensioners having variety of pension rules and schemes The proposed system is to be implemented at the 4500+ branches of the bank. The bank wants the system to be supporting processing and payment of pension at different locations and there will be pension modules for central – Civil, Defence, Railways, Telecom, Postal, State Governments/ autonomous bodies/quasi government/municipalities etc. It wants these modules to be readily available in the system.

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