According to the provisions of Article 24 of the Regulations on the Management of Housing Provident Fund, employees can withdraw the storage balance in their housing provident fund accounts in any of the following circumstances:
1, purchase, build, renovate and overhaul owner-occupied housing;
2. Repay the principal and interest of the loan for the purchase and construction of owner-occupied housing;
3. Renting self-occupied housing, and the rent exceeds a certain proportion of family wage income;
4. Retired;
5. Go abroad to settle down;
6. The employee dies or is declared dead;
7. Enjoy the urban minimum living guarantee;
8, completely or partially lose the ability to work, and terminate the labor relationship with the unit;
9. Other circumstances stipulated by the CMC in accordance with relevant laws and regulations.
The following materials shall be provided for the withdrawal of housing provident fund:
1. If the balance stored in the housing provident fund account is withdrawn, it shall be verified by the unit to which it belongs and a certificate of withdrawal shall be issued.
2. The employee shall apply to the housing provident fund management center for the extraction of housing provident fund with the extraction certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant;
3. If withdrawal is allowed, go through the payment formalities at the entrusted bank.
Provident fund centers around the country have stipulated different conditions and procedures for the withdrawal of provident fund. Please consult your local provident fund center.