The interest rate on provident fund balances is stipulated by the state and is currently 2.75%. The interest is settled once a year. The interest settlement date is subject to the notice issued by the local provident fund management center.

The provident fund balance interest rate refers to the interest rate stipulated by the state for calculating the provident fund balance income, which is currently 2.75%.

The interest rate is determined based on factors such as the country's macroeconomic situation, money market conditions, and provident fund operation conditions, and is implemented after approval by the State Council.

Interest on the provident fund balance is calculated on an annual basis, and the interest is settled once a year. The interest settlement date is subject to the notice issued by the local provident fund management center.

The specific interest settlement date and payment method may vary in different regions. It is generally distributed at the end of the year or in January of the following year.

Employees can consult their local provident fund management center for specific information.

It should be noted that the interest on the provident fund balance has nothing to do with the length of time for depositing into the personal account. Even if the depositing time is only a few months, the balance in the account can still earn corresponding interest income.

Will the interest rate on the provident fund balance change?

Answer: Yes, the interest rate on the provident fund balance is not fixed and will be adjusted based on factors such as the country's macroeconomic situation, money market conditions, and the operation of the provident fund fund.

For example, starting from 2019, the interest rate on provident fund balances will be reduced from the previous 3.25% to 2.75%.

Employees need to pay attention to the notices from the local provident fund management center, understand the latest provident fund balance interest rate situation, and plan their financial plans reasonably.

The interest rate on provident fund balances is stipulated by the state and is currently 2.75%. The interest is settled once a year. The specific interest settlement date and payment method are subject to the notice issued by the local provident fund management center.

Employees can consult relevant agencies at any time for the latest interest rates and reasonably plan their provident fund accounts.

Legal basis: Article 21 of the "Regulations of the People's Republic of China on the Administration of Housing Provident Funds" The housing provident fund shall accrue interest at the interest rate prescribed by the state from the date it is deposited into the employee's housing provident fund account.