Recently, the Nanning Housing Provident Fund Management Center issued the "Notice on Adjusting Partial Housing Provident Fund Withdrawal Policy" (hereinafter referred to as the “Notice”), pointing out that it had stopped the housing provident fund withdrawal for house decoration since June 30, 2018. According to the current situation in Nanning, since April 1, 2019, the maximum withdrawal amount of housing provident fund per month for the worker who does not have his/her own house and rents a commercial house has been adjusted to 720 yuan. The Notice is valid for five years.
It is reported that the Nanning Housing Provident Fund Management Center will adjust the maximum withdrawal amount of housing provident fund for the person who rents the commercial housing according to the rent standard of public rental housing in Nanning. It will be put into practice after the approval of the administrative committee. The maximum withdrawal amount was 480 yuan per person per month previously; it is now 720 yuan (with 240 yuan increase) after the adjustment, which better meets the needs of employees to withdraw the housing provident fund when renting the commercial housing.