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How long does it take to withdraw Fesco provident fund

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How long does it take to withdraw Fesco provident fund


        

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  • 2024-06-14 13:02:34

    The withdrawal of provident fund is generally about 7 working days.
    According to the provisions of Article 24 of the Regulations on the Administration of Housing Provident Fund, if an employee has one of the following circumstances, he/she can withdraw the balance of the account of housing provident fund: 1. Purchase, construction, renovation, overhaul of self owned housing; 2. Retired or retired; 3. Completely lose the ability to work and terminate the labor relationship with the unit; 4. Those who leave the country to settle down; 5. Repayment of principal and interest of house purchase loan; 6. The rent exceeds the specified proportion of the family's wage income.
    Article 25 of the Regulations on the Administration of Housing Provident Fund stipulates that if an employee withdraws the deposit balance in the housing provident fund account, his unit shall verify it and issue a withdrawal certificate. Employees shall apply to the Housing Provident Fund Management Center for withdrawal of housing provident fund with the withdrawal certificate. The Housing Provident Fund Management Center shall, within 3 days from the date of accepting the application, make a decision on whether to allow or not to withdraw, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures, and then purchase the house, the accumulation fund can be withdrawn.
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    2024-06-14 13:02:34

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