Thousands of Yuan in Housing Provident Fund Interest to be Released on July 1st
As of July 1st, many individuals can expect an additional influx of funds, the annual housing provident fund interest, which will be directly deposited into their housing provident fund accounts, with some individuals potentially receiving thousands of yuan. The housing provident fund interest is calculated based on the national regulations' prescribed interest rate, with the interest period spanning from July 1st of the previous year to June 30th of the current year. The interest is typically credited to the account on July 1st, although the exact timing may vary depending on local housing provident fund management centers' announcements.
30 June 2025
The interest calculation formula is as follows: Housing Provident Fund account balance × actual deposit days × annual interest rate ÷ 360. Currently, the People's Bank of China's benchmark interest rate for a one-year time deposit is 1.5%, with the daily interest rate calculated over 360 days. The housing provident fund adopts the compound interest method, with the current year's contributions and the previous year's carry-over calculated separately, and all interest is converted into principal after settlement.
To calculate the interest, three main factors are considered: the housing provident fund account balance, the actual deposit days, and the annual interest rate. The interest is calculated based on the balance in an individual's housing provident fund account from the previous year, spanning from July 1st to June 30th of the current year. The specific amount that can be received through interest payments varies depending on the total amount in the account and the applicable interest rate, with some individuals receiving over 6,000 yuan.
This annual interest distribution is a welcome boost to individuals' finances, providing a relatively stable return on their housing provident fund deposits. The interest can be used for housing-related expenses such as purchasing an apartment, paying mortgages, or covering home renovations. Individuals can check their housing provident fund interest through various methods, including online and offline channels. Online methods include logging into the local housing provident fund management center's website or official WeChat account, while offline methods involve visiting the housing provident fund management center's self-service terminal.
Alternatively, individuals can use mobile payment platforms such as Alipay or WeChat, accessing the "city services" page, clicking on the provident fund column, and logging in to query their interest. Another method is through the local government services APP, where they can find the provident fund column and proceed with the query. For those who prefer a more traditional approach, calling the 12329 provident fund service hotline is also an option. By using these methods, individuals can easily check how much interest they have earned, which will be directly deposited into their provident fund account, serving as an extra source of income.
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