Bank card on social security card

The social security card can be used as a bank card, provided that the financial function of the social security card is enabled and there are enough funds in the financial account. Ministry of Human Resources and Social Security, the People's Republic of China, issued a notice on loading financial functions into social security cards. The social security card loaded with financial functions not only has the functions of information recording, information inquiry and business handling, but also can be used as a bank card with financial functions such as cash deposit, withdrawal, transfer and consumption.

Legal objectivity:

Article 64 of People's Republic of China (PRC) Social Insurance Law includes basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.