The new rules for withdrawing housing provident funds in 2024 are as follows: 1. Remove the restriction on the proportion of rent expenditure in household income. There is no need to provide tax payment certificates and rental contract filings. The Ministry of Housing and Urban-Rural Development and other departments jointly issued new regulations to relax the conditions for employees to withdraw housing provident funds to pay rent.

2. The Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the Central Bank issued a notice that if an employee has paid in full housing provident fund for three consecutive months, and if he and his spouse do not own a house in the city where the deposit is made and rent a house, both spouses can withdraw the housing provident fund to pay rent.

3. If you rent commercial housing, you must provide proof that you and your spouse do not have real estate in your name. The local housing provident fund management committee will determine the rental withdrawal amount based on the local market rent level and the area of ??the rented housing.

If you rent a public house, you must provide a house rental contract and proof of rent payment, and withdraw the full amount according to the actual rent expenditure.

In order to improve the efficiency of withdrawal review, the new regulations require that deposited employees’ withdrawal application materials must be complete and should be processed immediately after the review is correct.

If further verification of the application materials is required, the process should be completed within 3 working days from the date of acceptance of the withdrawal application.

Housing provident fund refers to the long-term housing savings deposited by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social groups and their employees.

To sum up, once the provident fund is successfully withdrawn, it is necessary to manage and use the funds reasonably.

You can consider using it to buy a house, repay a loan, start a business or invest, etc. to obtain better returns and benefits.

Legal basis: Article 24 of the "Housing Provident Fund Management Regulations of the People's Republic of China" provides that as long as employees meet the housing provident fund withdrawal conditions, they can personally bring the materials to the housing provident fund management center to handle the withdrawal procedures.