Units that pay the provincial provident fund are usually provincial units. There are not a few provincial units, such as the provincial environmental protection department, the provincial education department and the provincial science and technology department. These units are all paid to the provincial provident fund. Provincial provident fund refers to the housing provident fund and other housing funds of all units, central units, subordinates, provincial colleges and their subordinate units.

What is the difference between the provincial provident fund and the municipal provident fund?

1, different available locations

The provincial provident fund can be used in the whole province, and the municipal provident fund can only be used in the whole city. In short, if you buy a provincial provident fund, you can apply for a housing loan or rent a house in the province, while the municipal provident fund can only be effective in this city and cannot be used outside the municipal provident fund.

2. The repayment methods are different.

If it is a portfolio loan, the provincial provident fund can repay part of the commercial loan first, and then part of the provident fund, while the municipal provident fund needs to be repaid at the same time according to the prescribed proportion, which may take a long time.

3. Different purchasing units

Provincial provident fund is generally purchased by railway units and state organs; City provident fund is generally purchased by enterprises. The provincial provident fund is paid directly by the provincial provident fund management center, and the municipal provident fund management unit is the municipal provident fund management center.

4. The loan amount and terms are different.

There will be some differences in the loan amount between the provincial provident fund and the municipal provident fund. Generally speaking, the provincial provident fund loan down payment can be 20%, while the municipal provident fund down payment needs 30%.

legal ground

"Regulations on the Management of Housing Provident Fund" Article 24 If an employee is under any of the following circumstances, he can withdraw the storage balance in the employee's 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.