Yes, according to Article 24 of the Regulations on the Management of Housing Provident Fund, employees can withdraw the storage balance in their housing provident fund accounts under any of the following circumstances:
those who purchase, build, renovate or overhaul their own houses;
retired;
completely losing the ability to work and terminating the labor relationship with the unit;
leaving the country to settle down;
repaying the principal and interest of the house purchase loan;
the rent exceeds the prescribed proportion of family wage income.
conclusion: article 25 of the regulations stipulates that if an employee withdraws the storage balance in the housing provident fund account, the unit where he works shall verify it and issue a certificate of withdrawal. Employees shall apply to the housing provident fund management center for the withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or not to withdraw, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment formalities.