When buying a house, the provident fund can be withdrawn and used, but it cannot be taken out at one time.

Text:

First, the extraction conditions of provident fund

According to the Regulations on Housing Provident Fund, employees can withdraw the storage balance in the housing provident fund account when purchasing, building, renovating or overhauling their own houses. However, it should be noted that the withdrawal amount cannot exceed the actual house payment.

Second, the extraction process

Submit an application: employees need to submit an application for housing provident fund withdrawal to their unit or housing provident fund management center, and provide relevant supporting materials.

Audit: The unit or housing provident fund management center will audit the employee's application to verify the authenticity of relevant information.

Withdrawal: After approval, employees can withdraw the housing accumulation fund from the designated bank within the specified time.

Third, matters needing attention

Withdrawal amount: the amount of housing accumulation fund withdrawn by employees cannot exceed the actual housing payment, and cannot be withdrawn at one time.

Number of withdrawals: employees can only withdraw the housing provident fund once when purchasing the same set of housing. If employees need to extract again, they must meet certain conditions.

Violation: Employees who withdraw housing provident fund in violation of regulations will be dealt with by relevant departments and may affect their future use of provident fund.

To sum up, when employees buy self-occupied housing, they can withdraw the storage balance in the housing provident fund account, but the withdrawal amount cannot exceed the actual purchase price and cannot be withdrawn at one time. At the same time, employees need to pay attention to the extraction conditions and extraction process to avoid illegal operations.

Legal basis:

Article 24 of the Regulations on Housing Provident Fund stipulates that under any of the following circumstances, employees may withdraw the storage balance in the housing provident fund account: (1) purchasing, building, renovating or overhauling their own houses; (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. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.