What is the agreement deposit

Agreement deposit is in accordance with the people's bank of China and China banking supervision and management committee of the relevant provisions of the bank and other institutions legal person or legal person authorized institutions, through the signing of the agreement agreed to deposit interest rate for a certain period of time, a certain amount of deposit business above.

The agreement deposit is the commercial bank according to the people's bank of China or China banking supervision and management commission, for some special nature of the Chinese capital funds such as insurance funds, social security funds, pension insurance funds, etc. to open the deposit period is longer, the starting amount is larger, the interest rate, the period, the settlement of the interest payment method, the standard of penalty for breach of contract and so on the two sides agreed on the variety of renminbi deposits.

Applicable objects

Chinese and foreign-funded insurance companies, social security funds, postal savings banks and other legal entities approved by the People's Bank of China that can handle this business.

I. Deposits of insurance companies

(1) For the handling of deposits of insurance companies, the head office of the insurance company and the head office of the bank shall sign the Contract of Deposit Agreement, agreeing on the level of interest rate, the deposit period, the method of interest settlement and payment, the standard of penalty for breach of contract, and the conditions for early withdrawal, and other matters.

(2) The minimum starting deposit amount of the insurance company's agreement deposit is RMB30 million (inclusive), which shall be deposited and withdrawn in one lump sum.

(3) The term of the insurance company's agreement deposit is five years (inclusive) or more.

(d) After the funds of the agreement deposit are deposited, the bank will issue the "Confirmation of Account Opening for Unit Time Deposit".

II. Agreement Deposit of Social Security Fund

(1) For the agreement deposit of social security fund, the local Human Resources and Social Security Office, the National Council of Social Security Fund and other organizations shall sign the Agreement Deposit Contract with the head office of the bank, agreeing on the level of interest rate, the term of the deposit, the way of interest settlement and payment, the standard of penalty for breach of contract, and the conditions for early withdrawal

and other matters.

(2) The minimum starting deposit amount of the agreement deposit of the social security fund is RMB 500 million (inclusive), which shall be deposited and withdrawn in one lump sum.

(3) The term of the agreement deposit of the social security fund is five years (inclusive) or more.

(d) After the funds of the agreement deposit are deposited, the bank issues the Confirmation of Account Opening for Unit Time Deposit.

Operating method:

1, the deposit is directly deposited into the project party in the bank (in addition to the local commercial banks and credit unions in addition to all banks can be, preferably at the branch level) to open the account;

2, the amount of money into the XX company signed a deposit agreement (in accordance with the People's Bank of China issued to the various commercial banks of the version of the "agreement on deposits" to implement the agreement provided by the bank), the agreement After signing the agreement, the funding party in accordance with the terms of the agreement will be deposited into the account of the project.

3. At the end of the five-year period, the bank will honor the payment;

4. XX Company will sign an investment cooperation agreement with XX Company.

5, the remaining 11% in the deposit to the account after 10 bank working days to pay off;

6, the deposit together with the principal of a one-time withdrawal, can be paid on a yearly basis to pay the interest on a yearly basis;

7, the agreement signed by the funds to the account in 5 bank working days;

8, the whole operation process takes 20 days;

9, the user must be The funding party must bear the cost of travel to and from the place of operation, accommodation and food.