The bank where the provident fund is deposited is the bank where the provident fund is withdrawn and deposited. The provident fund management center itself is not a bank, but the bank is responsible for the income and expenditure of the provident fund.

Housing provident fund management centers and state-owned commercial banks are entrusted and entrusted.

The housing provident fund management center is mainly responsible for the collection, accounting, extraction and planning of housing provident fund management, and cannot directly engage in financial business. All related financial business must be entrusted to relevant state-owned commercial banks.

Extended data:

The housing provident fund co-branded card is an effective voucher for employees to pay housing provident fund, and it is a bank card jointly issued by the housing provident fund management center and the bank, with the function of housing provident fund deposit voucher.

Measures for the deposit and payment of unit housing provident fund:

1, old unit: the old unit needs to go through the deposit registration with the housing provident fund management department, and after being approved by the management department, it will go through the formalities for the establishment of the housing provident fund for its employees at the designated bank. Each employee can only handle one provident fund account, and the provident fund management department will establish a detailed provident fund account to record the deposit and withdrawal of personal provident fund.

2. New unit: the new unit needs to go through the relevant deposit registration with the provident fund pipeline department within 30 days from the date of establishment, and it needs to go through the formalities of setting up the provident fund account with the audit documents of the provident fund management department within 20 days from the date of registration.

3, merger, division, cancellation or bankruptcy of the unit, need within 30 days after the occurrence of these situations, by the original unit or liquidation unit to the provident fund management department for the relevant change registration or cancellation of registration. After the relevant registration is completed, you need to bring the relevant audit documents of the housing provident fund management department to the bank that paid the provident fund to handle the relevant change or cancellation of registration within 20 days.

Reference source Baidu Encyclopedia-Provident Fund