It is illegal to withdraw provident funds. You should report it to the relevant departments immediately, actively cooperate with the investigation and seek legal assistance to properly handle the problem. Extracting housing provident funds refers to the behavior of individuals obtaining or using housing provident funds through false means. In most countries, it is illegal to withdraw from provident funds and will be punished by law. If you discover that you or someone else has robbed your CPF funds, you should take immediate action to deal with the problem.

The conditions and procedures for withdrawing provident funds include a series of regulations and steps to ensure that eligible individuals can withdraw their provident funds smoothly. Generally speaking, certain conditions need to be met to withdraw provident funds, such as purchasing a house, repaying a mortgage, and receiving medical treatment for serious illness and other specific circumstances. In addition, the process for withdrawing provident funds generally includes steps such as submitting an application to the unit where you work, providing relevant supporting materials, and after being reviewed by the unit, the provident fund management department will handle it. Specific conditions and procedures may vary from region to region. It is recommended to consult the relevant departments or units for specific circumstances.

To sum up, withdrawing provident funds is a serious illegal act that needs to be dealt with promptly and legal procedures must be followed.

Legal basis:

"Regulations on the Administration of Housing Provident Fund of the People's Republic of China"

Chapter 4 Withdrawal and Use

Article 26

Employees who have paid housing provident funds may apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating or overhauling their own homes. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures. The risks of housing provident fund loans are borne by the housing provident fund management center.