It refers to the act of withdrawing all or part of the funds from the provident fund account and canceling the provident fund account.

1. Conditions for withdrawal of provident fund from account cancellation. Withdrawal from account cancellation of provident fund cannot be carried out at any time, and certain conditions usually need to be met.

For example, when an individual reaches the legal retirement age and goes through the retirement procedures, or completely loses the ability to work and terminates the labor relationship with the employer, or moves abroad to settle, etc., he or she can apply to cancel the account and withdraw the provident fund.

In addition, if an individual dies or is declared dead, his heirs or legatees can also apply to close the account and withdraw provident funds.

2. The process of provident fund account cancellation and withdrawal. To apply for provident fund account cancellation and withdrawal, you usually need to follow the following steps: First, the applicant needs to prepare relevant certification materials, such as identity certificate, provident fund payment certificate, retirement certificate or certificate of loss of working ability, etc.;

Then, submit these materials to the Provident Fund Management Center for review; after passing the review, the Provident Fund Management Center will handle the account cancellation procedures and transfer the withdrawn provident fund to the account designated by the applicant.

3. Precautions for withdrawal of provident fund account cancellation When applying for account cancellation and withdrawal of provident fund, you need to pay attention to the following points: First, ensure that the submitted materials are true and complete, otherwise the application may be rejected; secondly, understand the specific regulations of the local provident fund management center

and operating procedures to avoid unnecessary trouble; finally, pay attention to the safety and rational use of funds in the provident fund account to avoid unnecessary losses.

To sum up: Provident fund cancellation and withdrawal is the act of withdrawing the funds from the provident fund account and canceling the account under certain conditions.

Applicants need to meet certain conditions and apply according to the prescribed process.

During the application process, you need to pay attention to relevant matters to ensure the smooth progress of the application and the reasonable use of funds.

Legal basis: Article 24 of the "Regulations on the Administration of Housing Provident Fund" stipulates that if an employee has one of the following circumstances, he or she may withdraw the balance in the employee's housing provident fund account: (1) Purchasing, constructing, renovating, or overhauling a self-occupied house;

(2) Retirement or retirement; (3) Completely losing the ability to work and terminating the labor relationship with the employer; (4) Leaving the country to settle down; (5) Repaying the principal and interest of a house purchase loan; (6) The rent exceeds the family wage income regulations

proportional.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, when the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.