What is the function of social security financial ic card?

Social security card has two major business functions.

First, it has the function of labor security business. Using CPU chip medium, writing personal basic information and using it online with the labor security information system is the electronic identity certificate of the labor security information system, the payment voucher of personal account when medical insurance is sought, and the medium of the national labor security business liaison office.

Second, it has the function of bank debit card. Using magnetic stripe media is equivalent to a bank debit card. Can deposit and withdraw money, with UnionPay card interbank settlement function.

The bank account on the social security card is bound to the personal agency and withholding business of the labor security information system. Through the agency and withholding of banks, individuals can receive various social insurance benefits and pay social insurance premiums, such as pension payment and personal payment withholding.