Regarding the provident fund, I believe many people know that when we often discuss the benefits of the work unit, we will mention the "five insurances and one fund". One of these funds refers to the housing provident fund. The editor only heard about it before going to work, but
After going to work and actually using it, I realized that it was not that simple. So how to use this provident fund?
The editor has queried some information and is here to share it with you today. I hope it will be helpful to everyone.
? Provident Fund What is Housing Provident Fund?
The housing provident fund refers to the long-term housing provident fund paid 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 the housing provident fund management center.
savings.
When paying and depositing housing provident funds, you need to pay attention to the following points: (1) Housing provident funds are only established in cities and towns, and there is no housing provident fund system in rural areas.
(2) The housing provident fund system is established only for current employees.
In other words, the housing provident fund system will not be established for unemployed people in rural areas, unemployed residents in urban areas, and retired employees.
(3) The housing provident fund consists of two parts, one part will be deposited by the employee's unit, and the other part will be deposited by the employee personally.
Generally speaking, the portion contributed by employees will be deducted from their wages and then deposited into the individual housing provident fund account by the unit together with the portion contributed by the unit.
(4) It is clearly stipulated in the relevant laws on housing provident fund that once the housing provident fund system is established, employees must make uninterrupted contributions in accordance with the regulations during their employment, unless the employee retires or other circumstances stipulated in the "Housing Provident Fund Management Regulations" occur
Except under certain circumstances, no suspension or interruption is allowed.
?Housing Provident Fund Housing Provident Fund withdrawal process?
(1) If the employee wants to withdraw the housing provident fund, the employee must first apply to the unit. The unit will review the relevant certificates submitted by the individual. If the withdrawal conditions are met, the unit will fill in the housing provident fund individual withdrawal approval form and stamp it with a reservation.
Seal.
(2) The unit’s handling personnel or individual employees shall bring the provident fund individual withdrawal approval form, originals and copies of relevant certification materials to the provident fund center that establishes a housing provident fund account for the unit (hereinafter referred to as the provident fund center where the account is opened) for review and approval
.
The provident fund center will conduct the approval and entry. After all is completed, a special provident fund approval seal will be stamped on the individual provident fund withdrawal approval form filled out by the unit.
(3) The unit manager or individual employee can go to the provident fund center where the account is opened to handle the transfer business with the provident fund individual withdrawal approval form that has been approved by the provident fund center and the "Housing Provident Fund Management Center Transfer Voucher" filled out and signed by the unit.
The center transfers the housing provident fund applied for withdrawal by employees to the basic settlement account of their unit, and the unit withdraws it and pays it to the employee.
Flowchart Everyone generally thinks that the housing provident fund can only be used when repaying the mortgage. In fact, this is not the case. The housing provident fund can also be withdrawn to personal accounts by employees, but the conditions for withdrawing the housing provident fund need to be met. As long as the conditions are met
Conditions and according to the above withdrawal process, the provident fund can be withdrawn to the personal account.
(About the conditions and materials required to withdraw the housing provident fund, the link is at the bottom in the editor’s previous article)? What is a provident fund co-branded card?
When withdrawing the provident fund, after meeting the conditions for withdrawing the housing provident fund, the housing provident fund will be withdrawn through the joint card and then directly transferred to the joint card.
A co-branded card is a bank card, but this bank card is bound to your provident fund account.
In addition, provident fund co-branded cards are free of annual fees and small account management fees.
If an individual applies for a gold co-branded card for the first time, the application fee will be waived.
However, if an employee loses or damages a co-branded card, he or she must pay a handling fee in accordance with the relevant bank regulations when reporting the loss, replacing the card, or replacing the card.
?How to apply for provident fund co-branded card?
Employees can directly apply for a housing provident fund joint card at the counter of a bank that has cooperation with the Provident Fund Management Center with their original ID card.
There are currently eight banks that support co-branded cards: Bank of Communications, China Construction Bank, Bank of China, Industrial and Commercial Bank of China, Bank of Beijing, China Merchants Bank, Agricultural Bank of China, and CITIC Bank.