What will happen if you don't apply for a provident fund call?

Legal analysis: The court will enforce the demand for provident fund. Housing provident fund is a long-term housing deposit paid by employees and their units in accordance with the Regulations on the Management of Housing Provident Fund, which belongs to the nature of employees' wages and is a basic system of housing security. The establishment of housing provident fund system reflects the concern of the unit for supernumerary employees, safeguards the interests of employees and is conducive to attracting talents and retaining employees. With the housing provident fund, employees have a sense of belonging to the unit. The housing accumulation fund for supernumerary contract workers can be paid according to the minimum amount.

Legal basis: Regulations on the Management of Housing Provident Fund

Article 16 The monthly deposit amount of employee housing provident fund shall be the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.

Eighteenth employees and units housing provident fund deposit ratio shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels.