The provident fund is a benefit provided by the company to employees. Employees can apply for loans to buy houses through the provident fund. Generally, the provident fund is paid on time every month, but some companies pay it one month late. So why is the provident fund paid one month late? Where is the moon?

Why is provident fund paid one month late?

The provident fund payment is one month late because the original company failed to transfer the user's provident fund account to the new company or new provident fund institution in time. In this case, the payment can be made up, but it is still considered as a suspension of payment, which may affect the user's loan limit and the recalculation of the date of personal provident fund payment. If the personal provident fund payment is one month short, the user can bring the original ID card and provident fund card to the personal provident fund management office to make up for the one month short payment.

Notes on withdrawing provident funds:

1. Withdrawal application time: After approval, you can apply for withdrawal once within 12 months, and no more withdrawals can be made this year. The withdrawal amount cannot exceed the specific expenditure, and does not exceed the balance of the employee's and the spouse's personal provident fund for the current month at the time of application. The scope of extractors is the homeowner and the other half. It is a one-time withdrawal and cannot be withdrawn this year;

2. The provident fund center needs to make a decision to approve or disallow the withdrawal within 3 working days from the date of receipt of the employee's application. If the withdrawal is not allowed after approval, the reason needs to be informed.

This article mainly writes about the knowledge points about why provident fund payment is one month late. The content is for reference only.