Job Recruitment Website - Social security inquiry - Are provident fund accounts the same as social security accounts?
Are provident fund accounts the same as social security accounts?
No, provident fund refers to housing provident fund, which is a housing security system and a form of monetization of housing distribution. The housing provident fund paid by individual employees and the housing provident fund paid by the unit shall be stored in special accounts and owned by individual employees. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Therefore, the provident fund account and the social security account are two different accounts, which are managed by the personnel department and the financial department respectively.
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