Can I withdraw the balance in my social security card?

Can the balance in the social security card be withdrawn as follows:

The money in the social security card is earmarked and cannot be taken out directly. It can only be used for a specific purpose. For example, the medical insurance money in our social security card can only be used when we see a doctor in a hospital or buy medicine with a medical insurance card. The main contents of social insurance are as follows:

1, endowment insurance

A social insurance system in which workers receive certain economic compensation, material help and services from the government and society after reaching the statutory retirement age;

2. Medical insurance

Establish a social insurance system according to the affordability of finance, enterprises and individuals to ensure the basic medical needs of employees. All employers, including enterprises (state-owned enterprises, collective enterprises, foreign-invested enterprises and private enterprises, etc. ), organs, institutions, social organizations, private non-enterprise units and their employees must participate in the basic medical insurance;

3. Work injury insurance

After a worker suffers from accidental injuries due to work or occupational diseases due to exposure to occupational hazards such as dust, radiation and toxic substances, the state and society shall provide necessary material assistance to the disabled and relatives of the deceased;

4. Unemployment insurance

A system of providing material assistance to workers whose livelihood is temporarily interrupted by unemployment. All kinds of enterprises and their employees, institutions and their employees, social organizations and their employees, private non-enterprise units and their employees, and employees with whom state organs have established labor contracts shall apply for unemployment insurance.

To sum up, the money in the social security card is generally not available. Social security cards are divided into bank accounts and social security accounts. The bank account can be used to deposit money and withdraw money in the bank just like an ordinary bank debit card. Social security accounts need to be implemented in accordance with the rules for the use of social security cards, and social security money cannot be withdrawn.

Legal basis:

Article 14 of the Social Insurance Law of People's Republic of China (PRC)

Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Article 15

The basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.