1. As long as the provident fund is in the account, interest will always be generated;

2. The calculation formula of housing provident fund interest income is: interest = personal account funds multiplied by actual storage days multiplied by annual interest rate /360. June 30th every year is the interest settlement date of housing provident fund, and the interest settlement year is from July 1 day of last year to June 30th this year;

3 individuals and units to pay the housing provident fund, interest from the date of deposit in the individual housing provident fund account. The housing provident fund stored in that year bears interest according to the interest rate of current savings deposits, and the principal and interest of the housing provident fund carried forward from the previous year bear interest according to the three-month lump-sum withdrawal rate.

Provident fund withdrawal process:

1. First, apply to the unit where you work. After the unit conducts a preliminary examination of the purchase situation, it will issue the "Application Form for the Extraction of Individual Housing Provident Fund for Employees in Chengdu" with the seal of the unit.

2. Take the "Application Form for Housing Purchase Extraction", identity certificate and relevant proof materials for house purchase to the core office for extraction and review;

3. After the core audit, the unit will issue a transfer check to the provident fund payment bank for payment. To withdraw the housing provident fund to repay the housing loan, you should provide the Application Form for Employees in Chengdu to Withdraw Individual Housing Provident Fund for House Purchase and Building, the original housing loan contract, repayment passbook or repayment savings card, and the original marriage certificate or household registration book when the spouse withdraws.

To sum up, even if the housing provident fund is sealed, there will still be interest income. The housing provident fund shall bear interest at the interest rate stipulated by the state from the date of deposit in the housing provident fund account.

Legal basis:

Article 14 of the Regulations on the Management of Housing Provident Fund

The newly established unit shall, within 30 days from the date of establishment, go to the housing provident fund management center for registration of housing provident fund deposit, and within 20 days from the date of registration, go through the formalities for the establishment of housing provident fund accounts for its employees.

"In the event of merger, division, cancellation, dissolution or bankruptcy of a unit, the original unit or liquidation organization shall go through the formalities of change or cancellation of registration at the housing provident fund management center within 30 days from the date of the above-mentioned situation, and handle the formalities of transfer or sealing of housing provident fund accounts for employees of the unit within 20 days from the date of completing the change or cancellation of registration."