What does the traditional contribution to the provident fund mean?

The traditional way to pay the provident fund is to transfer money to the bank counter. According to the relevant information of the provident fund, there are traditional transfer and withdrawal payment methods and new electronic settlement payment methods. The traditional payment method of transfer and withdrawal requires employees to go to the bank counter to transfer money, while the electronic settlement method does not require employees to go to the bank counter to transfer money. Through the settlement platform, the housing provident fund withdrawn by employees is directly transferred to the accounts provided by employees, which greatly shortens the business settlement time, improves work efficiency and facilitates customers.