During the May Day period, users apply online in accordance with the norms of provident fund withdrawal. If they pass the examination and approval, the withdrawal of provident fund will be received within 7 days. After the application form for individual housing provident fund withdrawal is submitted and approved by relevant departments, the bank will remit money directly to the individual account. Mainly depends on the audit time, the work efficiency in different regions is different, and the approval will arrive soon. The above is the relevant content of how long it will take to withdraw the May Day Provident Fund.

When will the provident fund withdrawal arrive?

Under normal circumstances, it will be credited to the personal provident fund account within three working days after the application is completed, and it will generally arrive the next day. Generally, it will be transferred to the personal settlement account within three working days. You can go to the bank counter or ATM on the fourth working day to check whether the extracted residential provident fund account has arrived. If it hasn't arrived yet, you can call the hotline for consultation.

Conditions for withdrawal of provident fund

1, buy, repair and build self-occupied houses;

2. Repay the principal and interest of residential loans;

3. The rent paid by houseless households exceeds the prescribed proportion of annual household income;

4. Living abroad;

5. Party B is injured on business and terminates the labor contract with the enterprise;

6. Migrant workers leave the local area;

7. Move the household registration into the local area;

8. Retirement and resignation;

9, enjoy the minimum living security policy or because of major safety accidents, serious illness caused by poverty at home to subsidize family use;

10, dead or declared dead.

In the extraction step, employees can prepare personal identity documents and relevant documents to prove the purpose of provident fund extraction, and go to the branch counter of the local housing provident fund management office to find someone to explicitly apply for extraction. After filling out the application form, submit the report and materials together. The housing provident fund management office will examine and approve the materials and make sure that the employees meet the extraction criteria before allocating the accounts, which will generally arrive within three working days.

Can the provident fund be taken out and used at will?

Provident funds cannot be taken out and used casually. Users need reasonable reasons to withdraw provident fund, and the scope of use of provident fund is limited. General users can apply for withdrawal of provident fund when renovating, renting or retiring existing houses. In the case of applying for withdrawal, they need to provide professional materials and go through many formalities, so the provident fund cannot be taken down and used at will. However, users need to pay attention to the fact that the frequency of provident fund withdrawal in some areas is limited every year. Therefore, if the user is going to withdraw the provident fund, it is best to withdraw it at one time, not multiple times. The specific withdrawal policy can be consulted with the provident fund management center. In addition, if the user is going to use the provident fund loan to buy a house later, then try not to use the funds in the provident fund account casually, because the credit line of the provident fund loan is linked to the balance of the provident fund. The more the balance, the more provident fund loans the lender can apply for, but it cannot exceed the local maximum. This article is mainly about how long it takes to get the May Day Provident Fund, and the content is for reference only.