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Can provident fund be withdrawn once a year?

The provident fund can be withdrawn once a year.

The provident fund is a statutory welfare system stipulated by the state and is designed to provide housing financial support for employees. Withdrawing the provident fund once a year means that employees can apply for the right to withdraw the provident fund once a year if they meet the conditions. Such regulations will help protect employees' housing rights and interests, and will also facilitate the reasonable management and use of provident funds.

If you want to withdraw your provident fund once a year, you can follow the steps below:

1. Understand the local provident fund withdrawal policies and conditions and ensure that you meet the withdrawal requirements.

2. Prepare relevant materials, such as ID card, provident fund joint card, withdrawal application form, etc.

3. Submit a withdrawal application to your employer or provident fund management center within the specified time.

4. Wait for the review results. If the review is passed, the provident fund will be credited to the designated bank account.

To sum up, the specific withdrawal frequency and conditions may be affected by regions and policies. Therefore, in actual operation, it is best to check the local provident fund management regulations or consult the relevant departments to obtain accurate information.

Legal basis:

"Housing Provident Fund Management Regulations"

Article 24

If an employee has any of the following circumstances, The balance in the employee housing provident fund account can be withdrawn:

(1) Those who purchase, build, renovate or overhaul their own houses;

(2) Those who retire or retire;

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(3) Completely lose the ability to work and terminate the labor relationship with the employer;

(4) Leave the country to settle down;

(5) Repay the principal and interest of the house purchase loan ;

(6) The rent exceeds the prescribed proportion of family wage income.