Legal basis:
Article 18 of the Regulations on the Management of Housing Provident Fund: The deposit ratio of housing provident fund for employees and units shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels.
Notice on standardizing and appropriately reducing the deposit ratio of housing provident fund in stages I. Adjusting the deposit ratio If the deposit ratio of housing provident fund is higher than 12%, it shall be standardized and adjusted, and the maximum shall not exceed 12%.