Deposit

RMB Term Deposit
 
RMB Term Deposit

RMB Term Deposit

  • Definition: RMB Entity Term Deposit is one of deposit business in which entity customer and the Bank reach agreement on the deposit term in placing RMB deposit, in the method that the principal is deposited in lump sum and shall be withdrawn upon deposit maturity, while the Bank shall calculate and pay interest in accordance with the interest rate set forth on the deposit date.
  • Deposit Currency: RMB
  • Term: Six classes of 3, 6, 12, 24, 36, 60 months
  • Interest Rate: Interest is calculated at interest rate of same class deposit announced by the Bank on the deposit date.
  • Minimum Initial Deposit: RMB 10,000
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