understand the policy, open a provident fund account, set the deposit ratio and base, calculate and deposit the provident fund, record and check the deposit situation, and inquire and withdraw the provident fund from employees.

I. understanding the policies and regulations of provident fund

before starting to pay the provident fund, the company needs to know the policies and regulations of the provident fund in its region first. This includes specific requirements such as the deposit ratio, base and payment time of the provident fund. The company should ensure that it and its employees are aware of these regulations so as to correctly implement the payment process.

second, open a provident fund account

the company needs to go to the local housing provident fund management center or designated bank to open a provident fund account for its employees. After the account is opened, the company will get a unique provident fund account number for subsequent deposit and inquiry operations.

iii. setting the contribution ratio and base

according to the policy, the company needs to set the contribution ratio and base of employee provident fund. The deposit ratio is usually a certain proportion of the employee's salary, and the base is determined according to the employee's salary level. The company shall ensure that the set proportion and base meet the policy requirements, and notify the employees in time.

iv. calculate and deposit the provident fund

before the monthly salary is paid, the company needs to calculate the amount of provident fund that each employee should pay according to the set deposit ratio and base. Subsequently, the company will remit the employee and the company's provident fund deposit to the employee's provident fund account through bank transfer.

v. record and check the deposit

the company needs to record and check the deposit of the provident fund regularly to ensure that the deposit amount is accurate. If mistakes or omissions in deposit are found, the company shall make timely adjustments and pay the corresponding amount.

VI. Employee inquiry and withdrawal of provident fund

Employees can know their own provident fund deposit status at any time through the inquiry system of the housing provident fund management center or the designated bank. After meeting certain conditions, employees can also apply for withdrawing the provident fund for the purpose of buying houses and repaying mortgages.

To sum up:

The payment process of the company's provident fund includes the following steps: understanding the policy, opening a provident fund account, setting the deposit ratio and base, calculating and depositing the provident fund, recording and checking the deposit, and inquiring and withdrawing the provident fund by employees. The company should ensure that the payment process is implemented according to the policy requirements to protect the housing rights and interests of employees.

Legal basis:

Article 15 of the Regulations on Housing Provident Fund Management

stipulates:

If a unit hires employees, it shall go through the deposit registration with the housing provident fund management center within 3 days from the date of employment, and go through the formalities for the establishment or transfer of employee housing provident fund accounts.

Article 2 of the Regulations on the Management of Housing Provident Fund

stipulates:

The unit shall pay the housing provident fund in full and on time, and shall not pay it late or underpay.