Second, the housing provident fund extraction process:
1. Employees shall apply to their units for withdrawal of housing provident fund. Upon verification, the unit to which it belongs shall issue a Notice of Withdrawal in duplicate. The employees of centralized sealed households apply to the sub-center or management department for extraction.
2. The employee shall apply to the sub-center or management department where the housing provident fund is deposited by the unit with the application materials such as the application for withdrawal, and the sub-center or management department shall issue the Notice of Withdrawal, which shall be signed by the employee to confirm the withdrawal amount.
3. On the same day, the employee shall go through the withdrawal formalities at China Construction Bank with two copies of the withdrawal application and three copies of the withdrawal notice verified by the sub-center or management department.
4. The employee will return a withdrawal notice to the unit after the construction bank confirms the payment, which will be used as the accounting voucher of the unit.
(1) universality, urban workers must pay the housing provident fund in accordance with the provisions of the Regulations, regardless of the nature of their work units, family income level and whether they have housing;
(2) Mandatory (policy). If the unit fails to register the deposit of housing provident fund or fails to set up a housing provident fund account for employees, the housing provident fund management center has the right to order it to handle it within a time limit. If no correction is made within the time limit, it may be punished according to the relevant provisions of the Regulations, and may apply to the people's court for compulsory execution;
(3) Welfare, in addition to the housing provident fund paid by employees, the unit has to pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans;
(4) Repayment: If the employee retires, resigns, or completely loses the ability to work and terminates the labor relationship with the unit, or the household registration moves out and settles abroad, the paid housing provident fund will be returned to the individual employee.
References:
Housing accumulation fund _ Baidu Encyclopedia