Legal basis:
Regulations on the administration of housing provident fund
Twenty-fourth in any of the following circumstances, employees can withdraw the storage balance in the housing provident fund account:
(a) the purchase, construction, renovation and overhaul of owner-occupied housing; ?
(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. ?
Twenty-fifth workers from the housing provident fund account balance, the unit shall verify, and issue a certificate of extraction. ?
Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.