Provident funds can only be used locally. Some of them may be used in neighboring cities, but they are still relatively limited. Some cities may have a policy of mutual recognition of provident funds, so that they can be used normally in specific cities. In addition, you can also handle the business of provident fund in different places, but it is much more troublesome than local use or intercommunication with cities.

Definition of housing provident fund:

1. Housing provident fund is only established in cities and towns, and the housing provident fund system is not established in rural areas;

2. Only on-the-job employees can establish the housing accumulation fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system;

3. The housing accumulation fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit;

4. The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must be paid in accordance with the regulations continuously during their employment, and it shall not be suspended or interrupted except for the retirement of employees or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund. It embodies the stability, unity, standardization and compulsion of housing provident fund;

5. The housing accumulation fund is a personal housing savings fund specially used for housing consumption expenses stored by employees according to regulations, which has two characteristics:

(1) Accumulation, that is, the housing accumulation fund is not a part of employees' wages, and it is not distributed in cash, and it must be deposited in the special account opened by the housing accumulation fund management center in the entrusted bank, and special account management is implemented;

(2) Specificity: the housing accumulation fund shall be earmarked, and it can only be used for purchasing, building, overhauling self-occupied housing or paying rent during the storage period. Only when employees leave their jobs, retire, die, completely lose their ability to work, terminate their labor relations with the unit or move out of their original city, can they withdraw their housing provident fund from their accounts.

Legal basis:

Article 24 of the Regulations on the Administration of Housing Provident Fund

Employees may withdraw the balance of their housing provident fund accounts under any of the following circumstances:

(1) purchasing, constructing, renovating or overhauling their own houses;

(2) retired;

(3) completely losing the ability to work and terminating the labor relationship with the unit;

(4) leaving the country to settle down;

(5) repaying the principal and interest of the house purchase loan;

(6) the rent exceeds the prescribed proportion of family wage income.

in accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.

if an employee dies or is declared dead, the employee's heirs and legatee can withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account will be included in the value-added income of the housing provident fund.