the provident fund is between 8% and 12% a month.

according to the regulations on provident fund management, the contribution ratio of enterprises and individuals is between 8% and 12%. If the contribution base of 2, yuan is determined, 8% will be paid, so enterprises and individuals will each pay 16 yuan, which adds up to the monthly provident fund.

The purposes of the provident fund are as follows:

1. If you apply for a provident fund loan to buy a house, you can withdraw the provident fund to repay the principal and interest;

2. If you apply for a commercial loan to buy a house, you can withdraw the provident fund as the down payment of the house, or you can withdraw the provident fund to repay the principal and interest;

3. If you don't need a loan in the process of buying a house, you can also withdraw the provident fund at one time;

4. If you apply for a provident fund housing loan to buy your own house, you can withdraw your parents' provident fund to repay the principal and interest;

5. If you apply for a commercial loan to buy your own house, you can withdraw your parents' provident fund as the down payment;

6. If family members (not limited to employees themselves) encounter serious diseases, employees themselves and their spouses can apply for withdrawal of provident fund.

to sum up, the new employees take the salary of the second month of their employment as the deposit base, multiplied by the deposit ratio of housing provident fund; From the date when the newly transferred employees pay wages from the transferred units, the employees' monthly wages will be multiplied by the housing provident fund deposit ratio. The monthly deposit of housing provident fund is determined according to the total amount of individual monthly deposit and unit monthly deposit.

Legal basis:

Article 16 of the Regulations on the Administration of Housing Provident Fund

The monthly contribution of employees' housing provident fund is the average monthly salary of employees in the previous year multiplied by the contribution ratio of employees' housing provident fund.

the monthly deposit amount of the housing provident fund paid by the unit for employees is the average monthly salary of the employees in the previous year multiplied by the proportion of the housing provident fund paid by the unit.

article 17

new employees begin to pay housing provident fund from the second month of their work, and the monthly payment amount is the employee's own salary multiplied by the employee's housing provident fund payment ratio.

the newly transferred employees in the unit shall pay the housing provident fund from the date when the transferred employees pay their wages, and the monthly payment amount shall be the employee's own monthly salary multiplied by the employee's housing provident fund payment ratio.