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:
Purchase, construction, renovation and overhaul of owner-occupied housing; ?
Repay the loan principal and interest for the purchase and construction of self-occupied housing; ?
Rental of self-occupied housing, the rent exceeds a certain proportion of family wage income; ?
Retired; ?
Settle abroad; ?
The employee is dead or declared dead; ?
Enjoy the urban minimum living guarantee; ?
Completely or partially lost the ability to work, and terminated the labor relationship with the unit; ?
Other circumstances stipulated by the CMC in accordance with relevant laws and regulations.
Summary: Article 25 of the Regulations stipulates that if an employee withdraws the storage balance in the housing provident fund account, the unit where he works shall verify and issue a certificate of withdrawal. Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal 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 not to withdraw, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.