The lowest grade of housing provident fund is 5% of the average monthly salary of employees in the previous year. Provident fund is a very good employee welfare policy. Now many units pay five insurances and one gold for their employees. The "one gold" here actually refers to the housing provident fund. Housing accumulation fund is mandatory for enterprises. Every enterprise needs to pay the provident fund for its employees in accordance with state regulations. The deposit of the provident fund shall be jointly borne by the unit and the employees themselves. Usually, employees have to pay as much as the company pays.

What is the lowest grade of housing accumulation fund?

The purpose of housing accumulation fund is to reduce the housing pressure of employees and improve their social welfare. The money will be accumulated into your provident fund account, and you can use the provident fund loan to repay the mortgage in the future. It is worth noting that the provident fund can actually be regarded as a financial management method, because the loan interest rate of the provident fund is relatively low. Even if you haven't thought about buying a house in recent years, it is good to deposit the housing provident fund into your account. This is because having a good provident fund record can help you complete the provident fund loan. When I want to buy a house in the future, it's really a pity if I can't apply for a loan because I haven't paid the provident fund.