1, no longer enjoy provident fund loans: after the cancellation of the provident fund account, no longer enjoy preferential policies related to provident fund loans, including interest rate concessions and quota concessions;
2. Affect the deposit record of the provident fund: the cancellation of the provident fund account will lead to the interruption of the deposit record of the provident fund, which may have a certain impact on the credit record;
3. Can't enjoy housing provident fund-related benefits: After the cancellation of the provident fund, you will not be able to enjoy housing provident fund-related benefits such as housing provident fund loans and housing provident fund withdrawal;
4. Account freezing: after the provident fund account is closed, the funds in the account will be frozen and cannot be accessed;
5. Unable to deposit again: after the provident fund account is closed, employees cannot deposit the provident fund into the account again and need to open a new provident fund account;
6. Withdrawal restriction: After the provident fund account is closed, employees can only withdraw funds from the account by withdrawing the provident fund, and can no longer enjoy other services such as provident fund loans.
The cancellation of provident fund accounts generally has the following specific provisions:
1. handle in advance: cancellation of provident fund account needs to be handled in time after the employee terminates the employee relationship with the unit or transfers the household registration. The specific time limit shall be stipulated by the local provident fund management institution;
2. Withdrawal in advance: Before the provident fund account is closed, employees can apply to the provident fund management institution for withdrawal of the provident fund and withdraw the funds in the account according to regulations. The specific withdrawal method, withdrawal amount and procedures shall be stipulated by the local provident fund management institution;
3. Pay off the loan: If the employee has outstanding provident fund loans before closing the account, it is necessary to pay off all the loan principal and interest before closing the account;
4. Provide relevant materials: employees need to provide relevant certification materials to the provident fund management institution when closing the provident fund account, such as ID card, household registration book, labor contract, etc.
To sum up, the regulations of different regions and provident fund management institutions may be different, depending on local policies and relevant regulations. When handling the cancellation of provident fund accounts, employees should know the relevant regulations and requirements in time, and provide materials and go through the formalities in accordance with the regulations. Before closing the account, employees should ensure that there are no outstanding provident fund loans and other unprocessed matters in their provident fund accounts, so as not to affect the cancellation and withdrawal of the provident fund accounts.
Legal basis:
Article 24 of the Regulations on the Management of Housing Provident Fund
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.