How does the company handle provident fund for employees?

Legal analysis: 1. First of all, you need to open an account with the local provident fund management department. Information required for opening an account: official seal of the company, financial seal, corporate seal, approval document for the establishment of the company, business license, organization code certificate, ID card of manager (administrator), corporate ID card, salary payment form, employee deposit list and employee roster. 2. Individual account opening: handle individual account opening according to employee roster (inventory). 3. Deposit and distribution of provident fund: summarize the total amount of provident fund that the company needs to pay to employees and pay it at the bank notified by the provident fund center. 4. Handle the transfer formalities of provident fund for new employees.

Legal basis: Regulations on the Management of Housing Provident Fund

Article 5 The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may use it for other purposes.

Article 16 The monthly deposit amount of employee housing provident fund shall be the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund.

The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.

Twenty-fourth employees in any of the following circumstances, you can withdraw the balance of storage in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.

If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.