Why are there two new social security cards?

The new social security card is divided into two parts: financial account and social security account, and the two accounts are completely independent. Among them, financial account is equivalent to debit card, which can receive various social security benefits, cash deposit and withdrawal, transfer, consumption, investment and wealth management, online payment and so on.

For the insured who have not received or activated the new social security card, they can still use the old social security card. The specific deactivation time of the old card will be announced to the public through the media six months in advance, leaving enough time for the insured to activate the new card.

The new social security card is being renewed in batches, and the Social Security Bureau is conducting a pilot pension payment for some people who have activated the new social security card. After the completion of the pilot work, it will be gradually extended to all eligible insured persons.

Social security cards loaded with financial functions are being replaced and issued in batches. At the initial stage of issuing a new card, in order to ensure the smooth transition and smooth connection between the old and new cards, some functions of the new card have not been fully activated. Next, the Social Security Bureau plans to use about 2 years to realize the basic function application of 102 social security card.

Extended data:

According to the types of cardholders, social security cards can be divided into two categories, namely, social security (personal) cards issued to urban employees, unemployed people and retirees and social security (employer) cards issued to employers.

The card planning and standardization of China's Ministry of Labor and Social Security focuses on social security (personal) cards, and the actual distribution in various regions is also concentrated on personal cards, so the social security cards we refer to refer to social security (personal) cards.

People's Republic of China (PRC) * * and Ministry of Human Resources and Social Security, China are implementing the social security one-card system and deploying the work of expanding the application field of social security cards. To this end, the Ministry of Industry and Information Technology issued the Notice on Loading Financial Functions into Social Security Cards.

The social security card loaded with financial functions not only has the functions of information recording, information inquiry and business handling, but also can be used as a bank card with financial functions such as cash deposit, withdrawal, transfer and consumption. In order to promote financial services to people's livelihood and facilitate people to enjoy social security benefits and financial services.

The financial application of social security card with financial function is RMB debit application, and the credit function is not supported at present. The card medium of this card is generally a contact chip card, but there are also social security cards with contact+non-contact dual-interface cards issued by banks. The social security card temporarily transits in the form of a chip and a hidden magnetic stripe composite card. The chip should include human resources, social security applications and financial applications at the same time.

The social security card adopts the national unified standard, and the social security number adopts the citizenship number in accordance with the relevant provisions of the Social Insurance Law. From then on, the social security card will join the financial function and be unified throughout the country.

Baidu Encyclopedia-Social Security Card of the People's Republic of China