What does the entrusted issuing bank of social security mean?

Legal analysis: the social security agency entrusts the issuance of bank cards, which means that the social security agency hands over the card issuance work to the bank and the bank obtains the financial account. Social security payment and reimbursement of social security funds also need to go through bank accounts, so that some customers, deposits and products can be obtained, and customers can get convenient services. The company's account should be filled with the company's bank and account number, so that the bank can automatically withhold it every month. Individuals who pay social security can only pay pension and medical insurance.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.