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What is the impact of sealing the provident fund account?

Sealing the provident fund account means that under certain circumstances, the provident fund management center temporarily seals the provident fund account, and the funds in the account are not allowed to be withdrawn or transferred. The sealing of the provident fund account will have a certain impact on the account holders. Let's introduce in detail the impact of the sealing of the provident fund account.

1. The provident fund cannot be withdrawn during the sealing period

During the sealing period of the provident fund account, the account holder cannot withdraw the provident fund or transfer it to other accounts. Therefore, the account holder cannot make use of the provident fund funds for investment or consumption during the sealing period.

2. Cannot enjoy the provident fund benefits during the sealing period

During the sealing period of the provident fund account, the account holder cannot enjoy the provident fund benefits, including housing provident fund loans and housing subsidies. Therefore, the account holder cannot use the provident fund funds to purchase housing or enjoy housing subsidies and other benefits during the storage period.

3. Unable to participate in the provident fund investment during the sealing period

During the sealing period of the provident fund account, the account holder cannot participate in the provident fund investment, including the housing provident fund investment fund, housing provident fund investment and financial management, etc. Therefore, the account holder can't make use of the provident fund funds to participate in the provident fund investment during the sealing period, so as to obtain investment income.

4. Unable to participate in provident fund insurance during the sealing period

During the sealing period of the provident fund account, the account holder cannot participate in provident fund insurance, including housing provident fund term life insurance and housing provident fund accident insurance. Therefore, the account holder cannot use the provident fund funds to participate in the provident fund insurance during the sealed period, thus obtaining insurance protection.

5. Unable to participate in the provident fund pension during the sealing period

During the sealing period of the provident fund account, the account holder cannot participate in the provident fund pension, including housing provident fund pension and housing provident fund pension insurance. Therefore, the account holder cannot use the provident fund funds to participate in the provident fund pension during the sealed period, so as to obtain the old-age security.

6. Unable to participate in provident fund education during the sealing period

During the sealing period of the provident fund account, the account holder cannot participate in provident fund education, including housing provident fund education fund and housing provident fund education insurance. Therefore, account holders cannot use provident fund funds to participate in provident fund education during the sealed period, so as to obtain education security.

The above is an introduction about the impact of the sealing of provident fund accounts. During the sealing of provident fund accounts, account holders cannot withdraw provident fund, enjoy provident fund benefits, participate in provident fund investment, participate in provident fund insurance, participate in provident fund pension and participate in provident fund education, etc. Therefore, account holders cannot use provident fund funds for investment or consumption, nor can they obtain investment income, insurance protection and pension protection. Therefore, account holders should try to avoid sealing during the sealing period, so as not to affect their own interests.