Why can’t I withdraw my provident fund?

If the provident fund cannot be withdrawn, it may be because the withdrawal conditions are not met. The provident fund withdrawal must meet the corresponding conditions. There are three situations in which the provident fund cannot be withdrawn: first, there is a housing loan that has not been repaid; second, the provident fund has been withdrawn due to multiple changes in the marriage relationship; third, if the provident fund is withdrawn in violation of regulations, generally no application for withdrawal is allowed within 3 years.

Please click to enter the picture description (maximum 18 words) provident fund withdrawal conditions

1. Withdrawal for house purchase:

The provident fund is not only used to apply for bank loans to purchase houses. The provident fund can also be withdrawn to subsidize the purchase of a house. This may not be clear to some home buyers. Although the interest rate of a provident fund loan is much lower than that of a general commercial home purchase loan, if the home buyer does not meet the conditions for a provident fund loan, it can be considered. Withdraw provident funds. Home buyers can consider withdrawing the provident fund in the name of buying a house, using the amount in the provident fund loan account as a down payment for the purchase of a house, or withdrawing the provident fund to repay the principal and interest.

2. Pay rent:

Even friends who do not buy a house can withdraw their provident funds. For example, friends who are still renting a house can withdraw their provident funds. If you want to rent a house with a better environment, the rent is not cheap, and now you have to pay the rent every quarter or half a year. , having to pay so much money at one time is quite stressful. If the tenant happens to not have that much money at that time, he can consider withdrawing the provident fund for turnover.

3. Withdrawal from renovated houses:

Some friends don’t like city life and prefer the place where they grew up. At this time, home buyers can consider withdrawing their provident funds. Although the cost of renovating and building a house is less than buying a house in the city, it still requires a lot of money. In fact, the housing provident fund can also be withdrawn and used when the house is built. Friends who are not sure can also contact the local Please consult the provident fund management center. Most cities support it.

4. Extraction of major diseases:

The medical expenses of major diseases can be quite high. If someone in the family suffers from a major disease, then when the pressure on medical expenses is relatively high, it is better to buy a house. Investors may consider withdrawing provident funds to pay. Everyone knows that treating a serious illness can cost a family everything, which shows how much the cost is. Now in most cities across the country, if an employee or family member who pays housing provident funds is hospitalized for major illness or major surgery, according to relevant regulations, the provident fund can be withdrawn to pay for medical expenses.

5. Account cancellation and withdrawal:

If the personal provident fund account is no longer used, you can cancel the personal provident fund account, and the provident fund balance inside can be withdrawn. . There are many situations where personal provident fund accounts are closed, such as resignation, retirement, immigration, etc. If the home buyer meets the conditions, he or she can apply to cancel the account and withdraw the provident fund.