SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
India

UPI Now Enables PF Withdrawals, But Experts Urge Caution Over Pension Risk

0
·1 views

The Unified Payments Interface (UPI) has been integrated with the Employees' Provident Fund system, making it easier for members to withdraw their provident fund savings. While the move simplifies access to retirement funds, financial experts are cautioning against hasty withdrawals. A key concern is that premature withdrawal can disqualify members from lifelong pension benefits under the Employees' Pension Scheme. These pension benefits are designed to provide a steady monthly income after retirement, making them a critical component of long-term financial security. Experts advise members to carefully weigh short-term liquidity needs against the long-term value of retaining their pension eligibility.

Read the full story at NDTV

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
IndiaTimes of India ·

Six Key Financial Rule Changes Taking Effect in India from July 1, 2026

Several financial and regulatory changes will come into effect across India starting July 1, 2026. Income tax return filing deadlines will be enforced, while Aadhaar email updates will temporarily be available free of charge. Credit card benefits will also shift, with SBI Card revising its rewards structure and HDFC Bank updating lounge access eligibility criteria. Passport fees are set to increase, adding to the cost of travel documentation. Additionally, new RBI guidelines will offer stronger protections to bank customers who are mis-sold financial products, including provisions for refunds and compensation.

0 comments Read more at Times of India
0
IndiaTimes of India ·

Cape Verde captain Ryan Mendes under NZ police probe over rape allegation

Cape Verde football captain Ryan Mendes is under investigation by New Zealand Police following an alleged rape during the FIFA Series in March 2026. A Brazilian interpreter accused Mendes of entering her hotel room without consent and sexually assaulting her. Authorities are actively reviewing CCTV footage and forensic evidence as part of the investigation. FIFA has acknowledged the seriousness of the allegation and confirmed it is cooperating fully with law enforcement.

0 comments Read more at Times of India
UPI Now Enables PF Withdrawals, But Experts Urge Caution Over Pension Risk · ShortSingh