According to the provisions of Article 24 of the Regulations on the Management of Housing Provident Fund, employees can withdraw the storage balance in their housing provident fund accounts in any of the following circumstances:

Purchase, construction, renovation and overhaul of owner-occupied housing;

Retired;

Completely lose the ability to work and terminate the labor relationship with the unit;

Settle abroad;

Repay the principal and interest of the house purchase loan;

The rent exceeds the prescribed proportion of family wage income.

Summary: Article 25 of the Regulations stipulates that if an employee withdraws the storage balance in the housing provident fund account, the unit where he works shall verify and issue a certificate of withdrawal. Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or not to withdraw, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.