Provident fund payment base: 60%-300% (40%-300% in some places) of the average monthly salary of employees in the province in the previous year in the province where the insured is located is the payment base, and payment is made on a monthly basis.
Ministry of Housing and Urban-Rural Development: The housing provident fund payment ratio shall not exceed 12%.
Provident fund payment ratio: The basic housing provident fund payment ratio is: 12% for units and 9% for individuals.
Payment method 1. Direct deposit of transfer check or cash (the "Cash Delivery Book" must be filled in) method 2. Via bank transfer 3. Entrusted bank collection method 4. Housing fund withdrawal method According to the Housing Provident Fund Management Regulations in 2019
On March 24, the "Decision of the State Council on the Abolition and Amendment of Some Administrative Regulations" and the "Housing Provident Fund Management Regulations" were revised.
Specifically: Paragraph 2 of Article 13 is revised to read: "The unit shall register the payment and deposit of housing provident fund with the housing provident fund management center, and handle the procedures for setting up housing provident fund accounts for the employees of the unit. Each employee can only have one housing provident fund account.
"Article 14 is modified to read: "Newly established units shall register housing provident fund deposits with the Housing Provident Fund Management Center within 30 days from the date of establishment, and handle housing provident fund deposits for the employees of the unit within 20 days from the date of registration.
Account establishment procedures: “If an entity merges, splits, cancels, dissolves, or goes bankrupt, the original entity or liquidation organization shall handle the change registration or deregistration with the Housing Provident Fund Management Center within 30 days from the date of occurrence of the above circumstances, and complete the change on its own.
Within 20 days from the date of registration or deregistration, the housing provident fund account transfer or sealing procedures should be handled for the employees of the unit.
"Article 15 is modified to read: "When an unit recruits employees, it shall register with the Housing Provident Fund Management Center within 30 days from the date of recruitment, and handle the establishment or transfer procedures for employee housing provident fund accounts.
“If a unit terminates the labor relationship with an employee, the unit shall register the change with the Housing Provident Fund Management Center within 30 days from the date of termination of the labor relationship, and handle the transfer or sealing procedures for the employee housing provident fund account.