Legal analysis: Yes, the business process of housing provident fund withdrawal is as follows: 1. Workers apply to their units for withdrawal of housing provident fund. After verification, their units issue an application for 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 the Construction Bank with two copies of the withdrawal application and three copies of the withdrawal notice verified by the sub-center or the 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.

Legal basis: Regulations on the Management of Housing Provident Fund

Thirteenth housing provident fund management center shall set up a housing provident fund account in the entrusted bank. The unit shall register the housing provident fund deposit with the housing provident fund management center, and go through the formalities for the establishment of housing provident fund accounts for the employees of the unit. Each employee can only have one housing provident fund account. The housing provident fund management center shall establish a detailed account of employee housing provident fund to record the deposit and withdrawal of employee individual housing provident fund.

Twentieth units shall pay the housing provident fund in full and on time, and shall not pay it overdue or underpaid. Units with real difficulties in depositing housing provident fund can reduce the proportion of deposit or defer payment after discussion and adoption by the workers' congress or trade union of the unit, and after examination by the housing provident fund management center and approval by the housing provident fund management committee; After the economic benefits of the unit improve, the deposit ratio will be increased or the overdue payment will be postponed.

Article 24 Under any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account: (1) purchasing, building, renovating or overhauling their own houses; (2) retirement; (three) completely lose the ability to work, and terminate the labor relationship with the unit; (4) Having left the country to settle down; (5) Repaying the principal and interest of the house purchase loan; (six) the rent exceeds the prescribed proportion of family wage income. In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.