Legal basis: "Housing Provident Fund Regulations" Article 24 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 repairs of their own housing;
(b) leave the retirement, retirement;
(c) total loss of ability to work, and termination of the labor relationship with the unit;
(c) the total loss of ability to work, and termination of the labor relationship with the unit
(d) to settle abroad;
(e) to repay the principal and interest of the loan for the purchase of housing;
(f) to pay rent in excess of 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.
When an employee dies or is declared dead, the employee's heirs and legatees may withdraw the balance of the employee's housing fund account; if there are no heirs or legatees, the balance of the employee's housing fund account shall be included in the value-added income of the housing fund. Article 25 If an employee withdraws the stored balance in his housing fund account, his unit shall verify it and issue a certificate of withdrawal.
The employee shall apply to the Housing Provident Fund Management Center to withdraw 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.