1. Generally speaking, the employer will prepare all the information of the employee's ID card and go through the deposit registration formalities at the local provident fund management center within 30 days. 2. Then examine and approve. Within 20 working days after registration, the provident fund center will inform the employees of the unit to bring all the audit materials to the entrusted bank to set up accounts for the employees. 3. After the procedure is successful, the employer and employees will come in a certain proportion. However, the deposit ratio should not be less than 8%, and some units have good economic benefits, so the quota standard can be appropriately raised. If the employer indicates that it will pay the housing provident fund when recruiting, it must pay it, otherwise it will violate relevant laws and regulations.
Legal basis: Regulations on the Management of Housing Provident Fund
Thirteenth housing provident fund management center shall set up a housing provident fund account in the entrusted bank. The unit shall register the housing provident fund deposit with the housing provident fund management center, and go through the formalities for the establishment of housing provident fund accounts for the employees of the unit. Each employee can only have one housing provident fund account. The housing provident fund management center shall establish a detailed account of employee housing provident fund to record the deposit and withdrawal of employee individual housing provident fund.
Fourteenth newly established units shall, within 30 days from the date of establishment, go to the housing provident fund management center for registration of housing provident fund deposit, and handle housing provident fund accounts for their employees within 20 days from the date of registration.
Establishment procedure. Unit merger, division, cancellation, dissolution or bankruptcy, it should be spontaneous to the housing provident fund management center for change of registration or cancellation of registration, and within 20 days from the date of completion of the change of registration or cancellation of registration, for the employees of the unit for housing provident fund account transfer or sealed procedures.