What is the profile of Bank of China Shandong Rizhao Financial Social Security Card?

Bank of China Shandong Rizhao Financial Social Security Card:

The social security card used in Rizhao City is a composite card containing an IC chip and a bank's magnetic stripe issued to the society in cooperation between Rizhao Municipal Bureau of Human Resources and Social Security and the Bank of China in joint names. The chip account (also known as the medical insurance account) records the basic information of social insurance, payment and personal account information of medical insurance (including urban residents' medical insurance) of the insured, and can be used for consumption through the transaction system at designated hospitals and pharmacies designated by the social security department in the place where the card is issued, while the magnetic stripe account records the information of the bank account of the pension insurance and settles the bill in RMB, with various functions of transferring money, depositing and withdrawing cash, and investing and managing money. The magnetic stripe account records the pension insurance bank account information and is settled in RMB.

The above content is for your reference, please refer to the actual business regulations.

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