Do I need to deposit money in my social security card?

There is no money in the social security card. The Social Security Card of the People's Republic of China is an integrated circuit (ic) card, which is uniformly planned by Ministry of Human Resources and Social Security and issued to the public by local human resources and social security departments, and used in various business fields of human resources and social security. Social security (individual) cards are issued to urban employees, unemployed people and retirees, and social security (employer) cards are issued to employers. Ministry of Human Resources and Social Security said that it will take about five years to make social security cards generally have financial functions. Social security cards have a wide range of functions. Cardholders can not only take the card for medical treatment for real-time settlement of medical insurance personal accounts, but also handle endowment insurance affairs. Apply for job registration and unemployment registration, apply for unemployment insurance and apply for employment training. Apply for labor ability appraisal and enjoy work-related injury insurance benefits. Handling labor and social security affairs online. 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. The "basic old-age insurance for urban workers" in social security needs to pay 15 years to enjoy the normal old-age insurance benefits for employees. If the payment is less than 15 years, it can be paid back, or transferred to urban residents' social endowment insurance or new rural social endowment insurance to enjoy its social insurance benefits.

Legal objectivity:

Article 14 of the Social Insurance Law of People's Republic of China (PRC), individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted.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. "Social Insurance Law of People's Republic of China (PRC)" Article 16 Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council. "People's Republic of China (PRC) Social Insurance Law" Article 29 The part of the medical expenses of the insured that should be paid by the basic medical insurance fund shall be directly settled by social insurance agencies, medical institutions and pharmaceutical business units.