The personal provident fund account number is the only account number set up by the housing provident fund management center for each employee who deposits, and is used to record the deposit and withdrawal of employee housing provident fund and other related information. The account number reflects the detailed data such as the total amount of housing provident fund paid by employees and their units for employees, the monthly deposit amount of individuals and units, and the account balance. Through this account, employees can inquire about their own provident fund deposit, including deposit amount, balance and withdrawal records. At the same time, employees can also apply for provident fund withdrawal and loans through this account. The establishment of provident fund account aims to ensure the safety, transparency and easy management of employee housing provident fund.
The role of housing provident fund:
1, preferential housing loans: employees can apply for low-interest housing loans through the housing provident fund account;
2, rental consumption support: some areas allow the use of housing provident fund to pay rental costs;
3. Supplement of old-age security: Housing accumulation fund can be used as a supplementary source of old-age security;
4. Emergency withdrawal: in case of serious illness, unemployment and other emergencies, you can apply for withdrawal of housing provident fund;
5. Preferential tax policy: you can enjoy certain tax relief if you deposit the housing provident fund.
To sum up, the personal provident fund account number is the only account set up by the housing provident fund management center for each employee, which is used to record and reflect the total amount of housing provident fund deposit, monthly deposit and account balance of employees and their units in detail, and provide services such as inquiry, withdrawal and loan to ensure the safety, transparency and convenience of employee housing provident fund management, with a total of 100- 120 words.
Legal basis:
Regulations on the administration of housing provident fund
Article 13
The housing provident fund management center shall set up a housing provident fund account in the entrusted bank. The unit shall go to the housing provident fund management center for the registration of housing provident fund deposit, and after being audited by the housing provident fund management center, set up a housing provident fund account for its employees at the entrusted bank.