Upon verification, it is confirmed that the employee's basic old-age insurance or basic medical insurance has actually been transferred out, or the employee's basic old-age insurance, basic medical insurance and work-related injury insurance have stopped paying for three months since the date of accepting the application for closing the provident fund account, the housing provident fund management center will transfer the principal and interest balance of the employee's housing provident fund account to the account.
Before the transfer of funds, the applicant shall not cancel the joint provident fund card. If the co-branded card has been cancelled before the transfer, you must go to the counter to handle the business again.
Legal basis: Regulations on the Management of Housing Provident Fund
Article 5 The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may use it for other purposes.
Article 16 The monthly deposit amount of employee housing provident fund shall be the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund.
The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.
Twenty-fourth employees in any of the following circumstances, you can withdraw the balance of storage in the employee housing provident fund account:
(a) the purchase, construction, renovation and overhaul of owner-occupied housing;
(2) retirement;
(three) completely lose the ability to work, and terminate the labor relationship with the unit;
(4) Having left the country to settle down;
(5) Repaying the principal and interest of the house purchase loan;
(six) 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 legatees may 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 shall be included in the value-added income of the housing provident fund.