What does social security card bank mean?

Legal Analysis: What does Social Security Card Bank mean? Social security card bank refers to the specific bank outlets of financial accounts corresponding to social security cards. An account bank refers to a business outlet that handles account opening procedures. Refers to the bank that opens a bank account.

Legal basis: 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. All social insurance funds shall be accounted for according to the types of social insurance, and a unified national accounting system shall be implemented.

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.