Is the interest settlement of provident fund deducted?

Will the bank card deduct the interest payment when sending messages?

The bank card sends information, and the interest settlement fee is not a deduction, but a regular interest earned by the deposit in the bank.

The current interest generated by the deposit is calculated quarterly by the bank and included in its personal account. As long as the bank card account has a current balance, users will receive the corresponding interest settlement interest regularly, and the management fee will be deducted for users without current deposits.

According to the Regulations on the Management of Housing Provident Fund, the housing provident fund will bear interest at the interest rate stipulated by the state from the date it is deposited in the employee housing provident fund account. From June 29th to June 30th, Chengdu Provident Fund Center conducted the annual interest settlement of housing provident fund in 2020. From June 29th to July 9th at 9: 00, 1 All channels are suspended for housing provident fund deposit and withdrawal.

Extended data:

Bank interest settlement transactions are introduced as follows:

On June 30th, the acceptance and approval of individual housing loan business was suspended. After the interest settlement of Chengdu Provident Fund Center is completed, the new interest will be paid on July 1 day. According to the Regulations on Provident Fund Management revised on March 24th, 20th19th, the housing provident fund will bear interest at the stipulated interest rate from the date it is deposited into the provident fund account.

The interest-bearing period is from July 1 day of last year to June 30th of that year, and June 30th of each year is the interest-bearing date, and then it is included in the employee provident fund account. The specific interest settlement rate is based on the one-year fixed deposit rate listed by the People's Bank of China on the interest settlement date (currently 1.5%).

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Is the annual interest of the provident fund deducted? What is the method of interest calculation?

Is the annual interest of the provident fund deducted?

No, the annual interest settlement of provident fund refers to the annual interest settlement of the balance in the employee provident fund account. After the interest settlement is completed, employees can receive interest income from the balance of their own provident fund.

The annual interest settlement time of the provident fund is June 30th each year, and the specific interest settlement is divided into two parts:

1 Interest settlement of the part carried forward from the previous year's provident fund.

The interest calculation method of this part is calculated according to the three-month lump-sum time deposit interest rate of the People's Bank of China. The interest period is from July 1 day of the current year to June 30th of the following year. After interest settlement, the interest of provident fund is included in the principal of employee housing provident fund.

2. Pay the interest of the provident fund funds deposited this year.

This part of the interest is calculated according to the deposit rate of the bank.

Workers have paid the housing provident fund, and if they don't need to withdraw it, the funds in the account will also generate certain interest income like deposits in the bank. The longer the time, the more principal and interest accumulated in the employee's personal provident fund account. The deposit interest rate of employee housing provident fund account is uniformly implemented according to the benchmark interest rate of one-year time deposit, which is currently 1.5%. After the interest settlement work is completed, the interest will be automatically transferred, and employees do not need to go through other procedures related to interest settlement. The interest income is exempt from personal income tax and belongs to employees.

Under normal circumstances, after the annual interest settlement of the provident fund is completed, the depositor will receive an interest settlement message sent by the housing provident fund. After receiving the text message, he can check the specific amount of the annual interest settlement of the provident fund through online provident fund center platforms such as Alipay and WeChat.

To sum up, the annual interest of the provident fund is not to deduct money, but to settle the balance in the provident fund account. For employees, they can enjoy the interest income generated by the balance of the provident fund.

Is the annual interest of the provident fund deducted?

The interest settlement of provident fund is not to deduct money, but to increase it.

The so-called interest settlement of provident fund is a form of calculating interest on the balance of users' provident fund accounts, which enjoy the same interest as bank deposits.

The interest of the provident fund is calculated according to the one-year fixed deposit rate. If the deposit time is less than one year, the interest shall be calculated according to the 1 year fixed deposit rate. June 30th every year is the interest settlement date of the provident fund, and the interest generated from the interest settlement is deposited into the balance of the personal provident fund account and belongs to the individual.

Is the annual interest of the provident fund paid or deducted?

The annual interest of the provident fund is the interest generated by the money in the account.

The annual interest settlement of provident fund refers to the interest generated by the balance in the user's provident fund account in the past year, and the interest generated is included in the balance of the user's provident fund account. The interest period of the provident fund is 1 year from July to June 30th of the following year.

No balance will be generated in the provident fund account before the user pays the provident fund. If the user does not use the funds in the provident fund account, the balance of the provident fund account will always exist, and some interest will be generated every year, which will be counted into the balance of the provident fund account. The interest calculation of provident fund account has certain regularity, which is different from ordinary bank deposits.