How long does it take for the Shenzhen Provident Fund to cancel the account and withdraw to the account?

Shenzhen provident fund withdraws from the account within three cases:

1, within three working days:

Shenzhen social security has been successfully transferred or has been settled at the time of applying for the cancellation of the account.

2. Within three months of the arrival time:

If the employee meets any of the following conditions, the Shenzhen Housing Provident Fund Management Center will accept the application for withdrawal, and the balance of the principal and interest will arrive automatically.

After applying for cancellation of the account, the social security has been successfully transferred or has been settled, you can through the Shenzhen Housing Provident Fund Management Center website online processing portal, take the initiative to initiate the cancellation of the account to withdraw the settlement of the application; can also wait until the 22nd of each month to the end of the month by the Shenzhen Housing Provident Fund Management Center unified cancellation of the account to withdraw the settlement of the settlement of the settlement of the settlement of the balance of interest and principal in line with the settlement of the requirements, the principal and interest balances will be automatically to the account.

Since the month of application for withdrawal in the city social security to stop paying contributions for three months.

3, to account for six months:

Employees in Shenzhen did not pay social security, in accordance with the Ministry of Housing and Construction on the governance of irregularities in the withdrawal of the relevant provisions of the provident fund account since the month of application for withdrawal of the closed six months, the balance of the principal and interest will be automatically accounted for.

Housing provident fund refers to the state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their active employees, peer-to-peer contributions to long-term housing savings.

Legal basis:

Article 24 of the Regulations on the Administration of Housing Provident Funds

Employees with one of the following circumstances, you can withdraw the stored balance in the account of the employee's housing provident fund:

(a) purchase, construction, renovation, major repair of self-occupied housing;

(b) retirement, retirement;

(c) total loss of working ability and termination of labor relations with the unit;

(d) settlement outside the country;

(e) repayment of the principal and interest of the loan for the purchase of housing;

(f) rent exceeding the prescribed percentage of the family's wage income.

In accordance with the provisions of the preceding paragraph (b), (c), (d), the withdrawal of the employee's housing fund shall be canceled at the same time the employee's housing fund account.

If the employee dies or is declared dead, the heir or legatee of the employee may withdraw the balance of the employee's housing fund account; if there is no heir or legatee, the balance of the employee's housing fund account shall be included in the value-added income of the housing fund.

Article 25 of the Regulations on the Management of Housing Provident Funds

When an employee withdraws the stored balance of his/her housing fund account, the unit in which he/she works shall verify the withdrawal and issue a certificate of withdrawal.

The employee shall apply to the Housing Provident Fund Management Center for the withdrawal of the housing fund with the withdrawal certificate. The housing fund management center shall accept the application within three days from the date of the decision to allow or disallow the withdrawal, and notify the applicant; allowed to withdraw, by the commissioned bank for payment procedures.