What about the money left in the social security card after cancellation?

After the cancellation of the social security card, the remaining funds will be treated as follows:

1, the social security fund paid by individuals can be withdrawn; 2. The part paid by the unit or enterprise cannot be extracted; 3. Re-open an account after the social security card is cancelled. The accumulated payment period will not be retained, and the new social security card will be calculated from scratch; 4. Before canceling the social security card, check the balance in the card. The balance can be used to buy drugs or other items, or transferred to a financial account.

Fund management of social security cards;

1. Personal account balance inquiry: social security card holders can inquire personal account balance through social security bureau official website, self-service inquiry machine or social security service center;

2. Balance withdrawal process: when the social security card is cancelled, the cardholder can withdraw the balance in the account according to the process specified by the local social security bureau;

3. Fund transfer method: in some cases, the funds in the social security card can be transferred to a new social security account or a designated bank account;

4. Disposal of legacy funds: If the social security card holder dies, the legacy funds in the card shall be disposed of by the heir or legal beneficiary according to law;

5. Ownership of unclaimed funds: The balance of social security cards that have not been collected for a long time can be transferred to social security funds or treated as ownerless funds according to relevant policies and regulations.

To sum up, after the cancellation of the social security card, the funds paid by individuals can be withdrawn, but the unit part cannot be withdrawn; Cancellation will lead to the loss of payment period, and the new card needs to be re-accumulated; Therefore, the balance in the card should be inquired and processed before cancellation to avoid losses, and the balance can be used for drug purchase or transfer.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 57

The employing unit shall, within 30 days from the date of its establishment, apply to the local social insurance agency for social insurance registration with its business license, registration certificate or unit seal. The social insurance agency shall, within fifteen days from the date of receiving the application, examine and issue the social insurance registration certificate. Where the social insurance registration items of the employing unit are changed or the employing unit is terminated according to law, it shall, within 30 days from the date of change or termination, go to the social insurance agency to handle the change or cancellation of social insurance registration. The market supervision and management department, the civil affairs department and the organization management organ shall promptly inform the social insurance agency of the establishment and termination of the employing unit, and the public security organ shall promptly inform the social insurance agency of the birth, death, household registration, migration and cancellation of the individual.