2. Then apply to the provident fund management department for withdrawal with the original and photocopy of the certificate and the certificate of withdrawal of the provident fund issued by the unit. The provident fund management department will generally make a decision on whether to approve the withdrawal within 3 days from the date of accepting the application, and notify the applicant. If withdrawal is not allowed after approval, the provident fund management department will also inform the applicant of the reasons for not allowing withdrawal;
3. If it is approved for withdrawal, the employee can go through the withdrawal formalities at the undertaking bank with the ID card and the provident fund withdrawal certificate approved by the provident fund management department, and the bank will transfer the money into the designated account (generally within 3 days).
Legal basis: Article 24 of the Regulations on the Management of Housing Provident Fund: In any of the following circumstances, employees may withdraw the storage balance in their housing provident fund accounts:
(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.