The personal pension fund account is bound to the personal pension account under the personal pension system, and the user's participation in the personal pension system for pension payment needs to be completed through the personal pension fund account. After opening a personal pension fund account, people can pay into the fund account, and the funds in the account can be used to buy personal pension products, including savings deposits, wealth management products, commercial pension insurance and Public Offering of Fund. In addition, the money deposited in the personal pension fund account can be inherited.

It is worth mentioning that users who participate in the personal pension system can receive money from the personal pension fund account when they reach the age of receiving basic pension, or completely lose their ability to work, go abroad (settle down) and meet other conditions stipulated by the state. You can collect it monthly, in installments or at one time.

There is also a limit to the payment of funds in the individual pension fund account, and the maximum annual payment limit is 12000 yuan. Users who want to participate in the personal pension system can open personal pension fund accounts through the short-listed commercial banks.

Banks supporting the opening of personal pension fund accounts include ICBC, Agricultural Bank, China Bank, China Construction Bank, Bank of Communications, Postal Savings Bank, China CITIC Bank, China Everbright Bank, Huaxia Bank, Minsheng Bank, China Merchants Bank, Shanghai Pudong Development Bank, Zheshang Bank, China Bohai Bank, Industrial Bank, Ping An Bank, China Guangfa Bank, hengfeng bank, Shanghai Bank, Jiangsu Bank, Bank of Beijing, Bank of Ningbo and Bank of Nanjing.