According to the Regulations on the Management of Housing Provident Fund, after the provident fund account has been continuously deposited for one year, the provident fund can be withdrawn. However, too many withdrawals will affect the balance of the provident fund account and reduce the available balance of the provident fund account. In addition, there is a certain correlation between the number of provident fund withdrawals and the amount of provident fund loans. When issuing housing provident fund loans to employees, banks often refer to the balance of employees' provident fund accounts and deposit records to determine the loan amount of employees. If the employee provident fund account is withdrawn too much, the account balance and loan amount will be affected. It should be noted that the number of withdrawals from the provident fund is not as small as possible, but needs to be determined according to the actual situation and needs of individuals. When there is an urgent need to buy a house, it is ok to appropriately withdraw the provident fund, but it needs reasonable planning. At the same time, when the balance of the provident fund account is high, employees can also consider transferring part of the provident fund to other investment channels to obtain higher returns.
Does the number of withdrawals from provident fund affect the purchase of houses? A: The number of withdrawals from the provident fund will have a certain impact on the purchase of houses. When the bank examines the employee housing provident fund loans, it will refer to the employee's provident fund account balance and deposit records to determine the employee's loan amount. If the employee provident fund account is frequently withdrawn, the account balance and loan amount will be reduced, which will affect the loan amount when employees buy a house.
Excessive withdrawal of the provident fund will have an impact on the balance of the provident fund account and the loan amount. Therefore, it is suggested that you should consider your actual needs and financial situation when withdrawing the provident fund, and make reasonable plans to minimize unnecessary withdrawal. At the same time, when the balance of the provident fund account is high, employees can also consider transferring part of the provident fund to other investment channels to obtain higher returns.
Legal basis:
"Regulations on the Management of Housing Provident Fund" Article 24 If an employee is under any of the following circumstances, he can withdraw the storage balance in the employee's housing provident fund account:
(a) the purchase, construction, renovation and overhaul of owner-occupied housing;
(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.