If you forget to deposit money into your provident fund and it is not deducted, your credit will not be affected.

If the personal provident fund loan bank fails to deduct the money in time, if it is due to bank reasons, it will not affect the borrower's creditworthiness. The specific situation is as follows: If the bank attempts to deduct money before depositing but fails, it will be recorded as a breach of contract; if the bank deducts money after depositing and succeeds, it will not be considered as a breach of contract; if the bank does not deduct money after depositing and a default is recorded, The borrower should contact the bank promptly to handle relevant matters. Therefore, as long as the borrower ensures that sufficient funds are deposited before the bank debits the money, even if the bank fails to deduct the money in time, it will not have a negative impact on the borrower's creditworthiness.

The functions of provident fund:

1. Housing loan discount: The deposits in the provident fund account can be used as the basis for applying for housing provident fund loans and enjoy lower loan interest rates;

2. Rental subsidy: In some cities, employees who pay provident fund can apply for rental subsidy to reduce the burden of renting;

3. Retirement benefits: Provident fund can be withdrawn in one go when employees retire to increase their post-retirement life. Guarantee;

4. Withdrawal for emergency purposes: When encountering emergencies such as major illness, children’s education, etc., you can apply for early withdrawal of provident fund;

5. Tax benefits: Provident fund payment part is in It can be deducted when calculating personal income tax, thereby reducing the tax burden.

To sum up, as long as the borrower deposits enough money before the bank deducts the money, even if the bank fails to deduct the money in time, it will not have a negative impact on the borrower's creditworthiness.

Legal basis:

"Housing Provident Fund Management Regulations"

Article 37

In violation of the provisions of these regulations, the unit shall not Anyone who registers the deposit of housing provident fund or fails to complete the procedures for setting up a housing provident fund account for the employees of the unit shall be ordered by the housing provident fund management center to complete the process within a time limit; if the application is not completed within the time limit, a fine of not less than 10,000 yuan but not more than 50,000 yuan will be imposed.

Article 38

If an unit violates the provisions of these regulations and fails to pay the housing provident fund overdue or underpays the housing provident fund, the housing provident fund management center shall order it to pay within a time limit; if the unit still fails to pay the housing provident fund within the time limit, If it is saved, you can apply to the People's Court for compulsory execution.