The unit Provident Fund is a social security system used to solve the housing problems of employees. In order to make better use of the system, units need to open accounts. The process of opening the unit Provident Fund is described below from several angles。

Unit Provident Fund opening process

1. Understanding policies and regulations

Before opening an account, the unit needs to know the policies and regulations of the area in question. Some local policies and regulations may differ from others, and there is a need for a comprehensive understanding of the systems, regulations and policies of the Provident Fund in their own circumstances. Advice can be provided through the official network, telephone, counters, etc. of the various pension centres。

2. Preparatory materials

The unit is required to provide relevant material prior to the opening of the account. These documents include the Company's Business Licence, the Company's Bank Opening Licence, the legal or authorized representative of the unit, the employee's identity card, the employee's list, the payroll, etc。

Submission of applications

The submission of applications is an important step in the opening of accounts. Units are required to submit prepared materials to the local Provident Fund centres, fill out the corresponding forms and submit applications. The Centre reviews the applications submitted and, upon their approval, advises the unit to proceed。

4. Conclusion of agreements

Once the audit has been completed, the unit is required to enter into a management agreement for the Provident Fund to determine the associated responsibilities and obligations. At the same time, there is a need for the first collection deposit of the unit and the application for the Provident Fund account。

5. Commencement of deposit

Once the agreement has been signed and the application for the Provident Fund account has been made, the unit may begin to contribute to the Provident Fund account。

The above is the process of opening a unit pool account. Of course, there may also be different situations in the course of operations that need to be addressed on a case-by-case basis。