Legal analysis: Tel. 12329. The provident fund is a kind of housing security benefit, and it is also an employee benefit or can be understood as a "time deposit". Of course, not everyone has a provident fund. This is a benefit provided by the company to its employees. It can be used to apply for a loan when purchasing real estate, and the loan interest rate is much lower than that of commercial loans. It can also be used to withdraw cash. Generally, the provident fund account has an opportunity to withdraw cash once a year, which is equivalent to a personal "small treasury". The payment of provident fund is divided into two parts, one is paid by the unit and the other is paid by individuals. The funds jointly paid by both parties are allocated to the individual's name at the same time and belong to the personal account. With the provident fund, the most common way to use it is to choose a provident fund loan when applying for a housing loan. There are two types of housing loans, commercial loans and provident fund loans. The interest rate of commercial loans is much higher than that of provident fund loans, so when consumers apply for housing loans, if they have the choice, they will give priority to provident fund loans. In addition to housing loans, provident funds can also be used for other purposes, such as paying rent, treating serious illnesses, etc. In such situations, when individuals generally need money, they can bring relevant documents to the provident fund management center to withdraw money. Generally, if it is used to pay the rent, you need to provide the rental contract and payment voucher, while if you are treating serious illness, you need to provide the case and hospital payment details.
Legal basis: "Regulations on the Administration of Housing Provident Funds"
Article 2: These regulations apply to the deposit, withdrawal, use, management and management of housing provident funds within the territory of the People's Republic of China and the People's Republic of China. supervision.
The term “housing provident fund” as mentioned in these Regulations refers to state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, and social groups (hereinafter (collectively referred to as the unit) and the long-term housing savings deposited by its employees.
Article 3 The housing provident fund paid by individual employees and the housing provident fund paid by the employee's unit for the employee shall belong to the individual employee.
Article 4 The management of housing provident funds shall be based on the principles of decision-making by the housing provident fund management committee, operation of the housing provident fund management center, storage in special bank accounts, and financial supervision.
Article 5 The housing provident fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may misappropriate it for other purposes.
Article 6 The deposit and loan interest rates for housing provident funds shall be proposed by the People's Bank of China and shall be submitted to the State Council for approval after soliciting the opinions of the construction administrative department of the State Council.
Article 7 The construction administrative department of the State Council shall, together with the financial department of the State Council and the People’s Bank of China, formulate housing provident fund policies and supervise their implementation.
The construction administrative departments of the people's governments of provinces and autonomous regions, together with the financial departments at the same level and branches of the People's Bank of China, are responsible for the supervision of the implementation of housing provident fund management regulations and policies within their respective administrative regions.