Provident fund withdrawal means that the depositor follows the requirements of provident fund withdrawal and goes to the provident fund withdrawal processing department for provident fund withdrawal to transfer the amount from the provident fund account to his personal account. CPF withdrawal can be divided into four steps.
First of all, the applicant needs to go to the local housing provident fund management center to know the conditions for withdrawing the provident fund, and the relevant information required for withdrawing the provident fund. If the conditions are met, the applicant should prepare the supporting materials and apply to the employer.
After submitting the application, the unit will conduct a preliminary examination on the withdrawal conditions of the applicant and the information provided by the applicant, and issue an application for the withdrawal of provident fund after passing the preliminary examination.
The applicant holds the application form for drawing the Provident Fund issued by the unit, and draws the relevant information needed, then goes to the local Provident Fund Management Center to apply for drawing, and is examined and approved by the Provident Fund Management Center.
After approval, the CPF Management Center will transfer the payment.
Usually, the housing provident fund can be withdrawn in the following situations:
1, provident fund depositors have the need to buy a house, build a house, renovation, overhaul of their own housing, can apply for withdrawal of personal housing provident fund;
2. If the depositor of the provident fund and his family are hospitalized and need to pay high medical expenses, he can apply for the withdrawal of the housing provident fund to pay part of the medical expenses other than the medical insurance reimbursement;
3, Provident Fund depositors are poor people, then you can apply to withdraw Provident Fund for living needs;
4. If the depositor of provident fund retires, retires, dies, or completely loses the ability to work, and terminates the labor relationship with his/her employer, or goes abroad to settle down, he/sh