Provident fund account is an employee's personal savings account, which can be changed and used by applying to the housing provident fund management department for withdrawal. According to the regulations, each provident fund account can only be withdrawn once a year, and cannot be superimposed. In other words, if employees didn't withdraw the provident fund last year, they can't withdraw it this year, and they can't withdraw it until next year. It should be noted that the withdrawal conditions and amount of the provident fund are related to specific circumstances, such as whether to buy real estate, repay the mortgage, and educate children. Only when the relevant requirements are met can the provident fund be withdrawn. If employees need to withdraw provident fund for many times, they can apply separately and operate in different years. For example, it needs to be extracted twice this year, and part of it can be extracted this year and another part next year.
What are the restrictions on the withdrawal of provident fund? A: The withdrawal of the provident fund needs to meet certain conditions, such as buying a house, repaying the mortgage, and educating children. The specific situation and the limit of withdrawal amount need to be judged according to different situations. At the same time, the provident fund account can only be withdrawn once a year, and cannot be superimposed. If you need multiple withdrawals, you can apply separately and operate in different years.
Provident fund accounts can only be withdrawn once a year, and cannot be used in superposition. If you need multiple withdrawals, you can apply separately and operate in different years. At the same time, the withdrawal of provident fund needs to meet certain conditions, and the withdrawal amount is also limited, which needs to be judged according to the actual situation.
Legal basis:
"Regulations on the Management of Housing Provident Fund" Article 24 Employees may withdraw the balance of the housing provident fund account under any of the following circumstances: (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.