The monthly withdrawal amount for families with two children and above can be increased by 30%! Guangzhou plans to revise the management measures for housing provident fund withdrawal

2023-10-13

According to the official website of Guangzhou Housing Provident Fund Management Center, on October 11th, Guangzhou Housing Provident Fund Management Center publicly solicited opinions on the "Guangzhou Housing Provident Fund Withdrawal Management Measures (Revised Draft)" (hereinafter referred to as the "Revised Draft") and fair competition review, aiming to strengthen the management of housing provident fund withdrawals, standardize the use of housing provident fund, and safeguard the legitimate rights and interests of housing provident fund depositors, To achieve the healthy development of the housing provident fund system. The revised draft for soliciting opinions proposes to further relax the scope of extraction, among which the scope of extraction with elevators will be further expanded to "within the administrative area of the city, elevators will be added to existing residential properties owned by depositors, spouses, or both parents". Different from the existing measures, the public reserve fund can be withdrawn if the owner occupied housing is purchased in the administrative region of Guangzhou, the province where the depositor and spouse's registered residence are located, or if there is no owner occupied housing in the administrative region of Guangzhou and the owner occupied housing is purchased in Guangdong Province. In terms of withdrawal limit, the revised draft for soliciting opinions proposes that families who have two or more children (at least one child is under age) can have a 30% increase in the monthly withdrawal limit for depositors. In addition, in terms of monthly loan repayment, the revised draft for soliciting opinions is intended to clarify that during the monthly loan repayment period, the withdrawing party can withdraw the account balance once, and the withdrawal amount does not exceed the actual down payment. (New News Agency)

Edit:Hu Sen Ming    Responsible editor:Li Yi

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