The minimum standard for provident fund in Shanghai is 2,480 yuan.

The minimum monthly insurance fee for five insurances and one fund is 1,934.7 yuan. The employer and the individual must each bear a minimum of 5%. The minimum monthly provident fund fee is 248 yuan.

In fact, even if you are insured according to Shanghai’s minimum standards of five insurances and one fund, you can still enjoy the benefits of five insurances and one fund.

Legal basis: Article 16 of the "Regulations on the Administration of Housing Provident Fund": The monthly payment and deposit amount of employees' housing provident fund is the employee's average monthly salary in the previous year multiplied by the employee housing provident fund payment and deposit ratio.

The monthly payment and deposit amount of the housing provident fund paid by the unit for its employees is the employee's average monthly salary in the previous year multiplied by the unit's housing provident fund payment and deposit ratio.

How to withdraw the provident fund: 1. Meet the specified conditions for withdrawing the provident fund; 2. Go to the unit where you work and apply for a withdrawal certificate; 3. Bring the withdrawal certificate issued by the unit and other materials to the Housing Provident Fund Management Center to apply for withdrawal.

If an employee withdraws the balance in the housing provident fund account, the employer shall verify it and issue a withdrawal certificate.

Employees should apply to the Housing Provident Fund Management Center to withdraw housing provident funds with the withdrawal certificate.

The Housing Provident Fund Management Center shall make a decision on whether to approve the withdrawal or not within 3 days from the date of accepting the application, and notify the applicant; if the withdrawal is approved, the entrusted bank shall handle the payment procedures.