First, understand the reasons for provident fund storage
The storage of provident fund generally occurs after employees leave their jobs and the new unit has not paid the provident fund. At this point, the original unit will stop paying the provident fund for the employee and seal up his provident fund account. During the storage period, the funds in the provident fund account stop bearing interest, but it does not affect the future withdrawal or use of employees.
Second, the processing steps of provident fund storage
Confirm the sealed state of provident fund.
After employees leave their jobs, they can check the status of their provident fund accounts through the provident fund official website, mobile APP or go to the provident fund management center to confirm whether they have been sealed.
Go through the transfer formalities of provident fund.
The new unit has been identified and has the conditions for the deposit of the provident fund, and the employees should go through the formalities for the transfer of the provident fund as soon as possible. The specific process includes: providing the original provident fund account number, identity information and other materials to the new unit, and the new unit will handle the transfer procedures on its behalf; At the same time, employees need to bring relevant documents to the original unit or provident fund management center for transfer procedures.
Withdraw provident fund (if necessary)
If the employee in the new unit has not yet determined or temporarily does not have the conditions for the deposit of provident fund, and meets the conditions for the withdrawal of provident fund (such as buying a house, renting a house, repaying a loan, etc.). ), he can apply to the provident fund management center for withdrawal. Relevant certification materials should be provided when extracting, and the procedures should be followed.
Third, matters needing attention
1. When handling the transfer or withdrawal of provident fund, you must ensure that the personal information and materials provided are true and accurate, so as not to affect the processing progress or cause unnecessary trouble.
2. During the storage period of provident fund, employees shall properly keep relevant certificates and materials for future use when handling the transfer or withdrawal procedures.
3. Provident fund policies may vary from region to region, and employees should understand and abide by local specific regulations and requirements when handling relevant procedures.
To sum up:
After employees change companies, they should first understand the reasons and effects of sealing, and then go through the transfer or withdrawal procedures in accordance with relevant processes and regulations. In the process of handling, you should pay attention to providing true and accurate personal information and materials and abide by local specific regulations and requirements.
Legal basis:
Regulations on the administration of housing provident fund
Article 15 stipulates:
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 through the formalities for the establishment or transfer of employee housing provident fund accounts.
Regulations on the administration of housing provident fund
Article 24 provides that:
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;
(five) to repay the principal and interest of the owner-occupied housing loan;
(six) the rent exceeds the prescribed proportion of family wage income.