Is the deposit of Huai 'an Rural Commercial Bank safe?

Deposits in rural commercial banks are relatively safe. Rural commercial banks are formal commercial banks, which belong to collectively-owned enterprises and are under the jurisdiction of provincial SASAC. It can be regarded as a local state-owned enterprise. According to China's latest deposit insurance regulations, once a commercial bank applies for bankruptcy, if the personal deposit amount is less than 500,000 yuan, it can be paid in full.