The pension record system in India will soon be digitised. India's largest financial depository firm National Securities Depository (NSDL) will soon have a new record keeping system developed by Tata Consultancy Services (TCS).
TCS CEO and Managing Director S Ramadorai said, “In partnership with NSDL, we have built a pension record system in just six months that is capable of scaling up to meet the needs of this fast-growing economy.”
TCS will be providing an end-to-end systems integration right from – conceptualisation of the solution, development, implementation, deployment and administration of hardware and system software. TCS will support and maintain the central record keeping system as well as provide enhancements and ensure scalability as the number of records increases.
The system developed by TCS would ensure high availability with disaster recovery thus enabling a secured system.
Referring to the new system, NSDL CEO Gagan Rai said that the new central records system for pensions was technologically advanced and will be able to meet the needs of users optimally.