The use of housing provident fund mainly includes the following aspects:
1, house purchase: the main purpose of the provident fund is to buy a house. When purchasing real estate, you can withdraw the original provident fund in accordance with relevant regulations, and you can deposit the subsequent provident fund to repay the mortgage. The specific amount and interest rate can refer to the local loan policy, or consult the local provident fund management department and the personnel department of the unit.
2. Renting: For many people, especially in hot cities such as Beijing, Guangzhou and Shenzhen, the pressure brought by rent is not small. Tenants can apply for withdrawal of provident fund to pay rent and reduce the pressure of life. Provident fund can not only pay the rent of public rental housing, but also pay the rent of market rental housing.
3. Decoration: You can also use the provident fund when decorating. In rural collective land construction, renovation, overhaul of their own housing, the use of housing loans, workers and their spouses can apply for the withdrawal of part of the provident fund, the total withdrawal shall not exceed the cost of housing.
4. Medical expenses: If you or your family members are seriously ill or need major surgery, you and your spouse can apply for withdrawing their own provident fund to pay for medical expenses, and the application time can be within one year from the date of hospitalization.
The steps for applying for withdrawal of provident fund are as follows:
1. Preparation materials: I will bring the original and photocopy of my ID card and provide corresponding certification materials according to the regulations of different regions.
2. Company seal: employees receive and fill in the application form in their company, and the company needs to sign and seal it.
3. Bring materials to the bank for formalities: employees bring corresponding materials to the bank where the payroll card is opened for relevant formalities.
4. Audit materials of management center: authenticity, legality and extraction conditions of audit materials of housing provident fund management center.
5. Provident fund withdrawal: go through the withdrawal procedures after confirmation. The money will be remitted to the personal savings account, and employees can withdraw it by themselves.
To sum up, Beijing began to pay the housing provident fund on April 1999.
Legal basis:
Regulations on the administration of housing provident fund
Article 37
If the unit does not handle the registration of housing provident fund deposit for its employees or the establishment of housing provident fund accounts, the housing provident fund management center shall order it to be handled within a time limit; Failing to handle it within the time limit, a fine of 6.5438+0 million yuan and 50,000 yuan shall be imposed.
Article 38
If the unit fails to pay or underpays the housing provident fund within the time limit, the housing provident fund management center shall order it to pay within a time limit; If the deposit is not made within the time limit, it may apply to the people's court for compulsory execution.