What happened to the housing provident fund sealing?

When we check the provident fund when we have stopped paying the provident fund, we will find that the provident fund is sealed. So what does the housing provident fund sealing mean? The sealing of the housing provident fund means that the unit and the employee interrupt the salary relationship and temporarily interrupt the housing. The state in which provident fund deposits and accounts cannot be transferred and do not meet the conditions for account cancellation. When the sealed employees re-employ and resume labor relations, the new unit shall pay the housing provident fund according to regulations, and the housing provident fund management center shall restore the sealed housing provident fund account.

Under what circumstances will the housing provident fund be sealed? The reason why the housing provident fund will be sealed is mostly because the employees' provident fund contributions are interrupted due to various reasons, and their housing provident fund accounts cannot be transferred and are not eligible for account cancellation and withdrawal. Housing provident fund conditions. The following situations can easily lead to the interruption of provident fund contributions: 1. The employee resigns or is dismissed or fired by the unit and does not find employment in other units. 2. The employee contract will not be extended upon expiration or will be dismissed during the contract period and has not yet been employed in another unit. 3. The employee is suspended without pay or the employee and the unit agree to retain the social security relationship. 4. If the unit changes or terminates (such as merger, division, cancellation, dissolution, bankruptcy), the employee housing provident fund account transfer procedures cannot be handled. 5. Employees were sentenced to forced labor. 6. The employee enters the re-employment center and the original unit has closed or stopped production. 7. Employees whose salary income is interrupted due to other circumstances must apply personally.

Warm reminders when the provident fund is sealed: 1. You cannot apply for a housing provident fund loan, because the provident fund loan requires that the account status is normal and the deposits have been made continuously for 12 months. 2. You can withdraw the housing provident fund. After the labor relationship with the original employer is terminated, you can apply for sealing the housing provident fund for more than 6 months or suspending payment for more than 24 months. You can withdraw the entire provident fund balance and cancel the provident fund account.