Sealing up the provident fund refers to the need to seal up the suspended provident fund account when the enterprise interrupts the wage relationship with its employees, but still retains the labor relationship, and the deposit of the provident fund is interrupted, and its provident fund account cannot be transferred and does not meet the standard for withdrawing the provident fund from the account. The above is the significance of individual provident fund sequestration.

What are the effects of provident fund storage?

1. After the employee provident fund account is sealed, you can't apply for provident fund loans, but you can get the balance in the account because you buy personal housing. Simply put, when the provident fund is sealed, it is not allowed to handle the provident fund loan business. Provident fund loans need to meet several standards and are still in the state of deposit. The provident fund account has been opened for more than one year, and it has been continuously deposited for 12 months. There are no outstanding provident fund loans or policy discount loans;

2. The storage of the provident fund can be divided into internal storage and centralized storage, and the state of the provident fund account determines whether it can be withdrawn. When applying for provident fund withdrawal, if the employee provident fund is normally deposited or sealed under the enterprise account, it shall be handled by the original unit. If it is sealed centrally, you can handle it yourself or ask someone else to handle the extraction.

What should I do after the provident fund is sealed?

1. Withdraw provident fund. If the reason for sealing the provident fund is resignation or breaking off diplomatic relations, users can apply for withdrawing the provident fund, but the withdrawal of the provident fund must meet the conditions, and only meet the conditions for withdrawing the provident fund. For example, the depositor of the provident fund is about to buy, build or own a house, terminate the labor contract with the company or emigrate overseas. , you can apply for the withdrawal of personal provident fund;

2. If the user does not meet the criteria for drawing provident fund, he cannot draw provident fund. After the provident fund is sealed, the company will transfer it to the provident fund management office for management until the user meets the extraction criteria, or it can be dissolved until the user has a new company that meets the transfer criteria.

Can I still get a loan if I resume paying the provident fund after it is sealed?

After the provident fund is sealed and deposited for a certain period of time, you can apply for a loan. The actual number of months depends on local requirements, usually half a year or one year. You can't apply for a loan if you don't meet the corresponding standards. This paper mainly writes about the significance and related knowledge points of individual provident fund storage, and the content is for reference only.