There is no provident fund, only provident fund or fund. Provident fund generally refers to housing provident fund, specifically refers to a kind of housing savings paid by urban workers and their enterprises.

Brief introduction of provident fund

The English name of the housing provident fund is house Provident Fund, and the departments that pay the housing provident fund include state organs, social organizations and foreign-funded enterprises. No matter what enterprises, only urban workers can pay housing provident fund, and employees can't pay housing provident fund when they retire. The payment of housing provident fund is long-term and stable. Employees cannot stop paying housing provident fund unless they are unemployed or stop paying wages under certain circumstances. In addition, the housing provident fund also has specificity and accumulation, in which accumulation means that the housing provident fund is different from wages, and employees must pay the provident fund on a monthly basis, and the paid housing provident fund is managed by banks and provident fund management centers.