Provident funds can be withdrawn.

Because the monthly housing provident fund payment is composed of two parts: the housing provident fund paid by the individual employee and the housing provident fund paid by the unit for the individual employee. It belongs to the individual employee, so the employee can withdraw it according to his or her personal situation.

Although provident funds are owned by employees individually and can be withdrawn by themselves, there are certain restrictions on the amount of withdrawals.

Restrictions include: the withdrawal amount shall not exceed the amount of house rental paid by the employee when applying for withdrawal; for purchasing commercial housing, the withdrawal amount shall not exceed the balance of the housing provident fund account of the employee and his spouse in the previous month when the housing purchase contract was filed; for purchasing and re-trading housing, the withdrawal amount shall not exceed the transfer amount

The balance of the housing provident fund account of the individual employee and his/her spouse in the month after the issuance of the house ownership certificate; when purchasing a unit-renovated house or an economically affordable house with financing, the withdrawal amount shall not exceed the balance of the housing provident fund account of the individual employee and his or her spouse in the month after the signing of the house purchase contract; purchase and demolition

For resettlement houses, the amount withdrawn shall not exceed the balance of the employee's and spouse's housing provident fund accounts last month when the house purchase invoice or receipt was issued; the amount withdrawn from the housing provident fund to repay the principal and interest of the home purchase loan shall not exceed the principal and interest of the loan repaid within 12 months.

Legal basis: Article 24 of the "Housing Provident Fund Management Regulations" If an employee has any of the following circumstances, he or she may withdraw the balance in the employee's housing provident fund account: (1) Purchasing, constructing, renovating, or overhauling a self-occupied house; (2)

) Retirement or retirement; (3) Completely losing the ability to work and terminating the labor relationship with the employer; (4) Leaving the country to settle; (5) Repaying the principal and interest of a house purchase loan; (6) The rent exceeding the prescribed proportion of family wage income

.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, when the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.

If an employee dies or is declared dead, the employee's heirs or legatees can withdraw the balance in the employee's housing provident fund account; if there is no heir or legatee, the balance in the employee's housing provident fund account will be included in the appreciation income of the housing provident fund.