Process and matters needing attention of provident fund withdrawal

Process of drawing provident fund

1. Submit application:

Before preparing to withdraw the provident fund, you need to go to your company to verify and stamp the official seal on the withdrawal application. Then, submit an application to the local housing provident fund management center and review it.

2. View the application:

The housing provident fund management center will review the application, and after the approval, remit the funds to the personal account. The whole process takes 3 to 7 working days.

3. Money received:

After the approval, the money will be directly remitted to the personal account. If the personal account information is wrong or the account has been cancelled, it needs to be changed or re-opened in the local housing provident fund management center.

Matters needing attention

1. Please fill in carefully when submitting the application:

When submitting the application for withdrawal of provident fund, you need to fill in relevant information carefully, such as personal information, withdrawal reason, withdrawal amount, etc. In case the application is rejected.

2. Provide authentic materials:

When submitting an application, you need to provide real materials, such as purchase contract and decoration invoice. If you provide false materials, it will be regarded as fraud and will have an impact on your personal credit record.

3. When the balance of the provident fund is insufficient, you cannot withdraw:

If the balance of the provident fund account is insufficient, it is impossible to withdraw the provident fund. Therefore, it is necessary to verify the balance of the provident fund account before withdrawal.

Matters needing attention in drawing provident fund

1. The loan account and repayment account need to be consistent:

If you want to use the provident fund to repay the house purchase, you need to ensure that the loan account and the repayment account are consistent, otherwise you will not be able to withdraw the provident fund.

2. Plan ahead:

The withdrawal of provident fund needs to be planned in advance to avoid excessive financial pressure caused by improper withdrawal. At the same time, we also need to know the tax policy of withdrawing provident fund.

3. Different provinces and cities have different extraction regulations:

Different provinces and cities have different regulations on drawing provident fund, so it is necessary to know the local policies and regulations before drawing provident fund.