By Admin 
NPS News: Till now we have been using UPI only for money transactions, but from now on you can also withdraw PF through it. Not only this, but now you will also be able to transfer money to PF account through UPI. It is such that NPCI’s BHIM app and PFRDA are working together on this. So that people can easily open NPS account through this app.
What is the full news?
Actually, according to the report of Financial Express, now users will be able to open their account in NPS (National Pension Scheme) through BHIM app. For this, no customer will need to get KYC done again and again. This account will be opened on the basis of KYC information already available with the bank. This entire process will be digital and very easy, which any consumer will be able to easily avail.
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Why is BHIM doing this?
In conversation with Financial Express, experts have said that BHIM app no longer wants to remain only as UPI, but it wants to work like Google Pay, Phone Pay and Paytm by adding pension, investment and other financial services on its platform.
Experts said, ‘PFRDA is working closely with BHIM so that NPS account can be opened through this platform. Its purpose is to facilitate easy onboarding by using the KYC already available with the bank linked to the BHIM account.
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Let us tell you that at present this facility has not been launched officially, but NPCI is preparing to launch it on a large scale soon.
What is NPS?
Let us tell you that NPS is a government pension scheme, in which you can invest money regularly. You get its benefit after retirement, when it helps you to give this amount in the form of lump sum or pension.