EPFO warns withdrawing PF before 10 years may forfeit pension
Business
The EPFO just dropped a reminder: if you pull out your Provident Fund (PF) money before finishing 10 years of service, you might lose out on a monthly pension after retirement.
They explained that "making withdrawals in between may affect your period of service," so keeping those contributions going is key for future financial security.
EPFO advises weighing cash against pension
EPFO's advice?
Know the rules and weigh your quick cash needs against bigger pension benefits down the line.
If you're close to hitting that 10-year mark, it's worth holding off on withdrawals to keep your retirement plans on track.