The reasons for accumulation fund storage are:
1. Employee's resignation: if an employee leaves his job and has paid the provident fund for less than five years continuously, or has paid the provident fund for less than five years after leaving his job and has not been re-employed, his personal provident fund account needs to be sealed.
2. Violation of provident fund laws and regulations: employees violate provident fund laws and regulations in the management of provident fund accounts, such as false declaration, malicious overdraft, misappropriation of provident fund, etc. It may also lead to the closure of the provident fund account.
3. Legal provisions: According to the Regulations of People's Republic of China (PRC) on Housing Provident Fund, in order to protect the security and stability of the provident fund, the provident fund account can be sealed.
4. Personal application: In some cases, employees can take the initiative to apply for sealing the provident fund account, such as buying a house, repaying a loan, retiring, etc.
5. Other reasons: For example, if the provident fund account is frozen or lost, the provident fund account may be sealed up.
The materials required for handling provident fund loans are:
1. Original and photocopy of ID card, household registration book and marriage certificate of the applicant and spouse.
2. Purchase contract or agreement.
3. Buy the down payment voucher.
4. Proof of income of the borrower and spouse.
5. Proof of the total value of family housing.
6. Guarantee certification materials.
7 other information required by the housing provident fund management center.
The process of handling provident fund loans is:
1. Submit an application, submit an application for provident fund loan to the local provident fund management center, fill in the application form, and provide relevant information, such as ID card, work certificate, proof of provident fund payment, etc.
2. Qualification examination: the provident fund management center examines the qualifications of the applicant, including whether it meets the loan conditions and loan amount.
3. After the provident fund management center issues the loan and passes the examination, it will issue the loan to the account designated by the applicant.
4. To repay the loan, the applicant shall repay the loan on time according to the repayment method and repayment period agreed in the loan contract.
To sum up, storing housing provident fund means suspending individuals and units from paying housing provident fund. Therefore, during the storage period of housing provident fund, individuals can no longer pay housing provident fund, nor can they make housing provident fund loans.
Legal basis:
"Regulations of People's Republic of China (PRC) Municipality on the Administration of Housing Provident Fund" thirteenth.
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. 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.