How to Withdraw Suzhou Park Provident Fund 2023

How to Withdraw Suzhou Park Provident Fund 2023

The withdrawal process of Suzhou Park Provident Fund may be different due to different regions and policies, but in general, it can be carried out according to the following steps:

Prepare relevant certification materials: including ID card, provident fund card, work certificate, etc.

Fill in the withdrawal application form at the provident fund management center or the bank counter.

Submit the application form and relevant supporting materials.

It usually takes several working days to wait for the audit.

If approved, the provident fund will be directly transferred to the provided bank card account.

It should be noted that there are certain conditions and restrictions on the withdrawal of provident fund, such as the need to meet certain deposit time and withdrawal amount restrictions. Therefore, it is necessary to know the relevant policies and regulations before extraction.

To sum up, the withdrawal process of the provident fund in Suzhou Park may be different due to different regions and policies, but generally speaking, it is necessary to prepare relevant supporting materials, fill out the withdrawal application form at the provident fund management center or bank counter, submit the application form and relevant supporting materials and wait for approval before withdrawal.

Legal basis:

According to the "Regulations on the Administration of Housing Provident Fund in People's Republic of China (PRC)", under any of the following circumstances, employees can withdraw the storage balance in their housing provident fund accounts:

Purchase, construction, renovation and overhaul of owner-occupied housing;

Retired;

Completely lose the ability to work and terminate the labor relationship with the unit;

Settle abroad;

Repay the principal and interest of the house purchase loan;

Rent exceeds the prescribed proportion of family wage income.

If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.