How to withdraw Rizhao Provident Fund

The process for withdrawing the housing provident fund in Rizhao City is as follows:

1. Submit an application: Before applying to withdraw the housing provident fund, you need to go to the Rizhao City Housing Provident Fund Management Center or the personnel department of your unit to collect the "Housing Provident Fund" Provident Fund Withdrawal Application Form" and fill it out completely. At the same time, you also need to provide relevant supporting materials, such as ID card, household registration book, work certificate, house purchase contract, etc.;

2. Review application: After submitting the application, the Rizhao Housing Provident Fund Management Center or the personnel of the unit where you work will The department will review the application and issue the "Housing Provident Fund Withdrawal Approval Form" after passing the review;

3. Bank processing: After getting the "Housing Provident Fund Withdrawal Approval Form", you need to go to the bank to go through the withdrawal procedures. When withdrawing, you need to provide your ID card, bank card and other relevant supporting materials. The bank will verify the applicant's identity and withdrawal amount, and transfer the withdrawal amount to the applicant's bank account.

The methods for receiving provident funds are as follows:

1. House purchase and withdrawal: When employees purchase a self-occupied house or repay a housing loan, they can submit an application for house purchase and withdrawal to the Provident Fund Management Center. The upper limit of the withdrawal amount depends on factors such as housing prices in the area and the balance of the employee's personal provident fund account;

2. Rent withdrawal: Employees who rent a house locally due to work needs can submit a rental withdrawal application to the Provident Fund Management Center . The withdrawal amount is generally 50% of the balance of the individual provident fund account;

3. Withdrawal for housing improvement: Employees can submit an application for withdrawal for housing improvement to the provident fund management center if they comply with the policy regulations. Such as purchasing second-hand housing, renovating self-occupied housing, etc.;

4. Withdrawal of personal account balance: Employees can apply to the Provident Fund Management Center for withdrawal of personal account balance if they comply with policy regulations. The withdrawal amount is the entire balance of the personal provident fund account;

5. Retirement withdrawal: When employees reach the legal retirement age or meet other conditions stipulated in the policy, they can submit a retirement withdrawal application to the Provident Fund Management Center. The withdrawal amount is the entire balance of the personal provident fund account.

In summary, the provident fund withdrawal regulations may be different in different regions and units, and specific requirements need to be determined according to relevant local regulations and policies. When employees withdraw provident funds, they should apply and review in accordance with prescribed procedures and requirements to ensure that the funds withdrawn are legal and compliant.

Legal basis:

Article 25 of the "Regulations of the People's Republic of China on the Administration of Housing Provident Funds"

Employees withdraw funds from their housing provident fund accounts If there is a balance, the employer shall verify it and issue a withdrawal certificate.

Employees should apply to the Housing Provident Fund Management Center to withdraw housing provident funds with the withdrawal certificate. The Housing Provident Fund Management Center shall make a decision on whether to approve the withdrawal or not to allow the withdrawal within 3 days from the date of accepting the application, and notify the applicant; if the withdrawal is approved, the entrusted bank shall handle the payment procedures.