1. Bank withholding: The bank will automatically deduct a certain percentage of the provident fund from the monthly salary, which is the most common way.
2. Online banking or mobile banking transfer: You can log in to the bank website or the mobile banking APP to pay the provident fund.
3. Cash payment: In some cases, you can pay the provident fund in cash at the bank counter or self-service machine.
How do individuals pay housing provident fund?
1. If a company employs employees, it shall go to the housing provident fund management center for deposit registration within 30 days from the date of employment, and go to the entrusted bank for the establishment or transfer of employee housing provident fund accounts with the audit documents of the housing provident fund management center.
2. Where a unit terminates the labor relationship with its employees, it shall, within 30 days from the date of termination of the labor relationship, go through the formalities for changing the registration at the housing provident fund management center by the unit, and go through the formalities for transferring or sealing the employee's housing provident fund account at the entrusted bank by the audit documents of the housing provident fund management center.
To sum up, the payment methods of bank provident fund include bank withholding, online banking or mobile banking transfer and cash payment.
Legal basis:
Regulations on the administration of housing provident fund
Article 24
In any of the following circumstances, employees may withdraw the storage balance in the employee 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.