Service Description

The corporate time deposit is a banking deposit whose deposit term and interest rate are negotiated and determined by the depositor and the bank in advance.

The threshold amount of corporate RMB time deposit is 10,000 yuan. And three types are offered, 3-month, 6-month and 1-year.

Features

•  Corporate clients with a large lump of idle funds can achieve higher interest by converting part of their current deposit into time deposit.

•  Interest is accrued at the listed rate of the deposit day quoted from the PBOC, with no split of the deposit period upon any rate adjustment.

Handling Guide

•  To handle time deposit, the client shall fill in the Corporate Account Opening Application Form, specifying the type, term, amount of your deposit and source of your funds, submitting together with the business license or its duplicate copy issued and ratified by the industrial and commercial office , the signature card and other documents required by the bank.

•  Upon success, the bank will issue the Certification of Corporate Time Deposit.

•  Only time CDs can be used to obtain deposit-pledged loans.