It means that the bank releases social security fund funds on its behalf.

When the People's Bank of China's online banking is credited to the social security account, it means that the bank is disbursing social security fund funds on its behalf.

Pension insurance funds are not directly distributed to individuals by the Social Security Bureau. Pension insurance funds are managed by banks.

The deposit of social security funds into the bank card means that the basic social pension of the bank card holder has been received into the account.

The basic social pension for retired employees is issued to the social pension insurance card of retired employees through the bank every month. This card is a type of bank card.

Retired employees can receive a certain amount of pension from this card every month.