1. If the employee withdraws the balance stored in the housing provident fund account, the employer shall verify and issue the withdrawal certificate;
2 workers with proof of extraction to the housing provident fund management center to apply for extraction of housing provident fund;
3, the housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant;
4. If the withdrawal is approved, the entrusted bank shall go through the payment procedures.
Under what circumstances can I withdraw the provident fund?
In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:
1, purchase, build, renovate and overhaul owner-occupied housing;
2. Retired;
3, completely lose the ability to work, and terminate the labor relationship with the unit;
4. Go abroad to settle down;
5. Repay the principal and interest of the house purchase loan;
6, the rent exceeds the prescribed proportion of family wage income.
How long can the provident fund be taken out?
Due to different personal circumstances, the withdrawal time of provident fund will be different, as follows:
1. In principle, the personal provident fund account will be credited within three working days after the parties go through the procedures for withdrawing the provident fund, and it will generally arrive the next day;
2. Generally, it will be transferred to personal settlement account within 3 working days. However, due to the differences in work efficiency in different places, banks will directly remit money to personal accounts after approval by relevant departments.
Legal basis: Article 13 of the Regulations on the Administration of Housing Provident Fund.
The hidden management center of housing provident fund shall set up a housing provident fund account in the entrusted bank.
Units shall apply to the housing provident fund management center for housing registration or housing provident fund deposit, and handle the procedures for the establishment of housing provident fund accounts for their employees. Each employee can only have one housing provident fund account.
The housing provident fund management center shall establish a detailed account of employee housing provident fund to record the deposit and withdrawal of employee individual housing provident fund.
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