Extraction conditions of Ningbo provident fund

Ningbo provident fund withdrawal conditions include retirement, house purchase, car purchase and social security payment.

Ningbo provident fund withdrawal conditions are relatively loose, and employees can withdraw it under certain circumstances. First of all, employees who reach the statutory retirement age or need to leave their jobs for physical reasons can apply for withdrawal of provident fund; Secondly, buying a house is one of the main conditions for the withdrawal of Ningbo provident fund, which can be used for many types such as first suite, second suite and ordinary housing; Thirdly, buying a car is also a condition for withdrawing the provident fund, but certain conditions need to be met; Finally, paying social security is also one of the conditions for withdrawing the provident fund.

Is there a maximum amount limit for withdrawing provident fund? Ningbo stipulates that the maximum amount of each withdrawal of provident fund shall not exceed 80% of the balance of the depositor's provident fund account.

In addition to the above conditions, the withdrawal of Ningbo provident fund also includes the withdrawal due to special circumstances such as diseases and major events. The specific withdrawal methods and conditions need to be determined according to the specific conditions of employees.

Legal basis:

Article 17 of the Regulations on the Management of Housing Provident Fund in Ningbo City, if an employee reaches the normal retirement age stipulated by the state, or terminates the labor relationship with the unit after the termination of the labor contract due to his work relationship, or leaves his job on his own, he can withdraw the personal account deposit at one time after applying to the housing provident fund management center.