What does the monthly deposit amount of housing provident fund mean?

The amount that employees need to pay into the provident fund management center every month is called the monthly amount of provident fund, including the amount paid by employees themselves and the amount paid by their units. According to the relevant national laws and regulations, the proportion of employees and their enterprises to pay provident fund must be between 5%- 12%, not less than 5% and not more than 12%.

How to pay the unit housing provident fund?

1. The employee's unit needs to prepare employee information in advance and go through the relevant registration formalities at the housing provident fund management center within 30 days of the employee's formal employment;

2, housing provident fund management center staff to review the submitted information. Within 20 working days after approval, notify the person in charge of the unit to bring relevant materials to the cooperative bank to handle the account opening procedures for the staff;

3, after the success of the formalities, employees and their units pay a certain proportion of housing provident fund every month, the proportion shall not be less than 5%. The specific amount is calculated according to the wages of enterprise employees.