Can Dongguan Housing Provident Fund be withdrawn?

If the provident fund can be withdrawn, the provident fund can be withdrawn if the following conditions are met.

Dongguan provident fund withdrawal situation:

1. Repay the commercial loan for house purchase. 2. Decoration. 3. Property management fees. 4. Purchase, build, renovate and overhaul your own home. 5. Retirement. 6. Completely lose the ability to work and terminate the labor relationship with the unit. 7. Settling abroad. 8. Repay Dongguan City provident fund loan. 9. Rent. 10. Die or be declared dead. 11. Non-Dongguan household registration terminates the labor contract with the employer. 12. The Dongguan household registration and the unit terminate the labor contract. 13. Minimum living security. 14. The employee or a family member is suffering from a serious illness.

Dongguan provident fund withdrawal limit regulations:

1. Repayment of commercial loan for house purchase: The loan is settled with the account balance of the month, but the cumulative withdrawal amount of the couple cannot exceed the total principal and interest repayment of the loan;

2. Decoration: 65% of the employee's current account balance can be withdrawn in one go, with the upper limit not exceeding 100,000 yuan. Both husband and wife can apply separately;

3. Property management fee: no Higher than 30% of the employee’s monthly deposit (including unit + individual) and not exceeding 1,500 yuan;

4. Purchase: not exceeding the total purchase price;

5. Construction , Renovation and overhaul: The balance of the applicant's provident fund account in the month of construction/overhaul/renovation of the house shall not exceed the expenditure stated in the invoice, and shall not exceed the calculated unit price of 2,000 yuan/square meter, and the construction area shall not exceed 144 square meters. Calculate the amount;

6. Retirement: the storage balance in the employee’s housing provident fund account;

7. Complete loss of working ability and termination of the labor relationship with the unit: all balances in the employee’s personal account shall be cancelled. Account;

8. Settling abroad: all balances in my account and cancel the account;

9. Rent: no more than 65% of the employee’s monthly deposit amount (unit + individual) % and no more than 1,500 yuan;

10. Death or being declared dead: withdraw all balances from the employee’s personal account and cancel the account;

11. Non-Dongguan household registration and termination of employment by the unit Contract: the balance of the employee's personal account;

12. Termination of the labor contract between Dongguan household registration and the unit: the balance of the employee's personal account;

13. Minimum subsistence allowance: withdraw the entire balance of the account;

14. If an employee or a family member suffers from a major illness: the maximum amount that can be withdrawn cannot exceed the actual treatment expenses paid.

Extended information:

Provident fund:

1. Provident fund usually refers to housing provident fund, sometimes also refers to company provident fund. The housing provident fund refers to the long-term housing savings deposited by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social groups and their employees.

2. Since July 1, 2017, all housing provident fund off-site transfer and continuation services can be handled through the "National Housing Provident Fund Off-site Transfer and Continuation Platform." Gradually realize "accounts follow people and money follows accounts". At the same time, we vigorously promote off-site loan services to meet the capital needs of deposited employees to purchase housing across regions.

3. On February 18, 2016, according to the "Notice on Improving the Formation Mechanism of Deposit Interest Rates in Employees' Housing Provident Fund Accounts" by the Central Bank, the Ministry of Housing and Urban-Rural Development, and the Ministry of Finance, starting from February 21, deposits in employee housing provident fund accounts The interest rate will be adjusted from the current benchmark interest rate for demand deposits and three-month deposits based on the collection time to a unified benchmark interest rate for one-year time deposits.

Reference materials:

Baidu Encyclopedia - Provident Fund