How to cancel account and withdraw funds from Foshan Provident Fund?

The methods for canceling and withdrawing Foshan Provident Fund accounts are as follows:

1. Before employees handle cancellation and withdrawal, please confirm whether the personal account has been paid to the due month and seal it.

2. Inform the heirs or beneficiaries of the reason and amount for applying for account cancellation and withdrawal through SMS, fax, email, etc.

3. The heir or beneficiary should go to the handling outlet with relevant materials within 5 working days to apply for account cancellation and withdrawal.

4. After the central business outlet accepts the application and passes internal review and approval, the relevant funds will be transferred to the employee's personal bank settlement account.

The process for withdrawing provident funds is generally as follows:

1. Prepare materials: Hold your ID card, provident fund card, fill in the withdrawal application form, and provide corresponding supporting materials (such as house purchase contract, medical Certificate, etc.);

2. Choose the withdrawal method: According to your own needs, choose the corresponding withdrawal method (such as house purchase withdrawal, personal housing loan withdrawal, serious illness medical withdrawal, etc.);

3. Submit an application to the provident fund management department: Submit the prepared materials and application form to the provident fund management department of your unit or the local housing provident fund management center. If you apply for withdrawal of a house purchase or a personal housing loan, you must also provide relevant materials such as a house purchase contract and a bank loan contract;

4. Review and approval: The provident fund management department will review the applicant's materials and pass the review. After approval, the withdrawal amount is determined and the funds are transferred;

5. Receive the withdrawal amount: According to the bank card number provided by the applicant, the withdrawn provident fund amount will be transferred to the bank account designated by the applicant.

To sum up, the entire extraction process takes a certain amount of time, generally ranging from 5 to 15 working days. The specific time depends on local regulations and actual conditions.

Legal basis:

Article 16 of the "Housing Provident Fund Management Regulations"

The monthly payment amount of the employee's housing provident fund shall be the employee's monthly average in the previous year The salary is multiplied by the employee housing provident fund contribution ratio. The monthly payment and deposit amount of the housing provident fund paid by the unit for its employees is the employee's average monthly salary in the previous year multiplied by the unit's housing provident fund payment and deposit ratio.