Ningbo provident fund how to withdraw

How to withdraw Ningbo provident fund:

(A) Offline processing

1, the applicant to the center outlets to apply and submit relevant materials;

2, the first person in charge of the window of the government service first question on the review of the application and processed;

3, the housing provident fund management center contractor for approval;

4, inform the applicant, and entrusted with the Bank to issue instructions to transfer the funds eligible for withdrawal to the employee's debit card in the bank.

(II) Online Processing

Declare online in the government service network or process online through the online office of Ningbo Housing Provident Fund Management Center.

The legal basis for the withdrawal of the Ningbo Municipal Provident Fund

Regulations on the Management of Housing Provident Funds

Article 24: The employee may withdraw the stored balance in the employee's housing provident fund account under one of the following circumstances:

(a) purchase, construction, renovation, major repair of self-occupied housing;

(b) retirement, retirement;

(iii) total loss of working capacity and termination of labor relations with the unit;

(iv) settlement outside the country;

(v) repayment of the principal and interest of the loan for the purchase of housing;

(vi) rent exceeding the prescribed percentage of the family's income from wages.

In accordance with the provisions of the preceding paragraph (b), (c), (d), the withdrawal of the employee's housing fund shall be canceled at the same time the employee's housing fund account. If the employee dies or is declared dead, the employee's heir or legatee may withdraw the balance of the employee's housing fund account; if there is no heir or legatee, the balance of the employee's housing fund account shall be included in the value-added income of the housing fund.

Ningbo provident fund withdrawal need to meet the following conditions: 1. participate in the Ningbo employee housing fund units and individuals; 2. work for five years or reach the statutory retirement age; 3. termination of the labor contract or expiration of the contract; 4. can not continue to contribute to the provident fund in Ningbo; 5. regular contribution to the provident fund. The withdrawal process is as follows: 1. fill in the Application Form for Withdrawal from Ningbo Housing Provident Fund; 2. provide relevant supporting documents, such as ID card, proof of termination of employment contract, etc.; 3. submit the application form and documents to the Housing Provident Fund Management Center of the organization where you are working; 4. wait for the examination and approval and receive the withdrawal amount. Note: The amount to be withdrawn depends on the individual's situation and CPF balance, and the withdrawal will affect the CPF account balance and loan amount. It is advisable to understand the relevant policies and regulations in advance to ensure that you are eligible and follow the withdrawal procedures as stipulated.

Legal basis:

Regulations on the Management of Housing Provident Funds:

Chapter 1 General Provisions Article 3 The housing provident fund contributed by the individual employee and the housing provident fund contributed by the employee's unit for the employee belongs to the individual employee.