1. The deduction time of provident fund is within 5 days from the date of monthly salary payment. Housing provident fund is paid monthly. The monthly deposit amount of employee housing provident fund is the average monthly salary of employees in the previous year multiplied by the deposit ratio of employee housing provident fund, and the monthly deposit amount of housing provident fund paid by units for employees is the average monthly salary of employees in the previous year multiplied by the deposit ratio of unit housing provident fund.

2. Legal basis: Article 15 of the Regulations on the Management of Housing Provident Fund.

Units employing employees shall, within 30 days from the date of employment, go to the housing provident fund management center for deposit registration, and go to the entrusted bank for the establishment or transfer of employee housing provident fund accounts with the audit documents of the housing provident fund management center.

Where the unit terminates the labor relationship with the employee, the unit shall, within 30 days from the date of termination of the labor relationship, go to the housing provident fund management center to register the change, and go to the entrusted bank to handle the transfer or sealing procedures of the employee housing provident fund account with the audit documents of the housing provident fund management center.

Article 36

Workers and units have the right to inquire about the deposit and withdrawal of their own housing provident fund, and the housing provident fund management center and the entrusted bank shall not refuse.

Workers and units have objections to the storage balance in the housing provident fund account, and may apply to the entrusted bank for review; If there is any objection to the review results, you can apply to the housing provident fund management center for re-review. The entrusted bank and housing provident fund management center shall give a written reply within 5 days from the date of receiving the application.

Workers have the right to report, expose and accuse the misappropriation of housing provident fund.

Second, what are the benefits of provident fund?

The benefits of the Provident Fund are as follows:

1, increase employee income;

2. Enjoy preferential loan interest;

3. Provident fund can help employees solve housing difficulties;

4. solve the problem of renting a house;

5. Providing endowment insurance;

6. Reduce the tax burden of employees.