What does the payment agreement of individual social security mean?

The payer shall sign the payment agreement with his bank account number.

When signing a payment agreement with a bank account, the payer shall provide his valid ID card, passbook or bank card for handling. The payer under the age of 16 can sign a payment agreement with his guardian's bank account, and the payer and guardian should provide their valid identity documents, the guardian's passbook or bank card and valid relationship certificate for handling.

Tax-bank pairing agreement (social insurance fee), namely individual entrustment withholding agreement (referred to as pairing agreement), refers to the pairing agreement mode of social insurance fee withholding formed by the entrustment agreement signed by tax authorities, banks, banks and payers respectively. The tax-bank agreement is applicable to the payment of two insurances for urban and rural residents.