Provisions of the People's Bank of China on Implementing the Regulations on Savings Management

Article 1 Savings deposits refer to personal RMB or foreign currency deposits deposited in savings institutions in China. No unit may convert public funds into personal savings deposits. The scope of public funds includes: any sum listed in the accounting subjects of state organs, enterprises and institutions; Insurance deposits absorbed by various insurance institutions, enterprises and institutions; Currency within the scope of fiscal deposits; State organs, enterprises and institutions in cash, etc. Article 2 Savings institutions refer to banks, urban credit cooperatives, rural credit cooperatives and postal enterprises that handle personal savings and deposits with the approval of the People's Bank of China and its branches. Article 3 The State Constitution protects the ownership of individual legal savings deposits from infringement. Savings institutions must follow the principle of "voluntary deposit, free withdrawal, interest-bearing deposit and confidentiality for depositors" when handling savings business. Article 4 The People's Bank of China is the competent authority of the savings industry in China, and is responsible for the national savings management. According to the needs of macro-economy, finance and protection of depositors' interests, with the approval of the State Council, the People's Bank of China can take some necessary measures to stabilize savings and finance. Article 5 Without the approval of the People's Bank of China, no department, unit or individual resident may handle personal savings business or similar savings business. Article 6 The establishment of a savings institution shall follow the principles of unified planning, rational distribution, convenience for the masses, effectiveness and safety. The competent business department of a savings institution shall report the plan for setting up a savings institution in the next year to the local people's bank, which shall review and summarize it and report it to the head office of the people's bank for approval before the end of the year. The local people's bank shall go through the examination and approval procedures for savings outlets one by one according to the approved plan, and issue a unified financial business license. Except as otherwise provided by national laws and administrative regulations. Article 7 The establishment of a savings institution must meet three conditions at the same time: first, the name, organization and business place of the institution; Second, there shall be no less than 4 staff members who are familiar with savings business, and 2 staff members shall be at the counter during business hours; Third, there are necessary safety precautions. Article 8 Savings outlets that directly handle savings deposit business are all banks, other financial institutions and grass-roots units of postal enterprises that specifically handle savings business, and do not have legal person status. Article 9 Savings institution outlets refer to institutions entrusted by banks to handle savings business for enterprises, institutions, schools, military units and other units. The establishment and management of agency business must be carried out in strict accordance with the relevant provisions of these Provisions. Article 10 The name change, relocation and merger of a savings institution shall be reported to the local people's bank in advance and approved according to the prescribed procedures before it can be officially announced to the public. Article 11 The competent business department of a savings institution bears direct leadership and management responsibility for the savings institution and its savings business; We should conscientiously implement the national savings policy and do a good job in the supervision and inspection of its subordinate savings institutions. Article 12 A savings institution shall operate within the prescribed time, and shall not suspend business or shorten its business hours without authorization. Thirteenth savings institutions must ensure the withdrawal of savings deposits, and may not refuse the withdrawal of savings deposits for any reason. Article 14 The purpose of a savings institution is to develop the savings business in China and provide quality services for depositors. The following practices belong to "using improper means to absorb deposits":

(1) Absorbing savings deposits on the condition of giving precious gifts;

(2) Paying storage fees in various names;

(3) Using inaccurate advertisements;

(4) Forcing depositors to deposit by remittance, loan or other business means;

(five) the use of various names to pay interest, bonuses or other expenses. Fifteenth the following types of savings, savings institutions can open all or part of the types of savings according to conditions:

(1) current savings deposit. One-yuan deposits are issued by savings institutions and can be accessed at any time after opening an account.

(2) lump-sum deposit and withdrawal. Generally, the deposit period in 50 yuan is divided into three months, six months, one year, two years, three years and five years. The principal is deposited in one lump sum, and the deposit certificate is issued by the savings institution. At maturity, the principal and interest shall be withdrawn by the certificate of deposit.

(3) lump-sum savings deposits. The monthly fixed deposit amount is generally five yuan, and the deposit period is divided into one year, three years and five years. The deposit amount is determined by the depositor and is deposited once a month. If there is a leak in the middle, it will be made up next month. If it is not paid back, the interest will be calculated according to the actual deposit amount and the actual deposit period when it is withdrawn at maturity.

(4) Time deposit with principal. The principal is deposited in one lump sum, generally starting from 5000 yuan. If the deposit term is one year, three years or five years, the savings institution will issue a certificate of deposit, and the principal will be withdrawn at maturity, and the interest will be withdrawn by installments with the certificate of deposit. The interest can be withdrawn once a month or once every few months, which will be determined by the depositor and the savings institution through consultation. If no interest is calculated on the interest calculation date, interest can be calculated at any time in the future. If the depositor needs to withdraw the principal in advance, the interest during the deposit period shall be calculated according to the provisions on early withdrawal of time deposits, and the overpaid interest shall be deducted.

(5) lump-sum deposit and withdrawal of fixed-term savings deposits. The principal is deposited in one lump sum, usually from 1000 yuan, and the deposit period is divided into one year, three years and five years. Deposit certificates are issued by savings institutions, and the principal is withdrawn by installments. The withdrawal period is divided into one month, three months and half a year, which is determined by the depositor and the savings institution through consultation, and will be withdrawn at the time of interest settlement.

(6) Regular and convenient savings deposits. Deposit certificates issued by savings institutions generally start from 50 yuan, and there are two kinds of deposit certificates: registered and bearer, which can report the loss, and bearer does not report the loss. After the implementation of the "Regulations", the deposit interest will be calculated according to the unified regulations, that is, the deposit term is not limited, and if the deposit term is less than three months, the current interest will be paid according to the number of days; If the deposit period is more than three months (including three months) but less than half a year, the whole deposit period will bear interest at 60% of the three-month deposit rate on the withdrawal date; If the deposit term is more than half a year (including half a year) but less than one year, the lump sum deposit and withdrawal shall bear interest at a rate of 60% higher than the half-year deposit rate on the withdrawal date; If the deposit period is more than one year (including one year), no matter how long the deposit period is, the whole deposit period will bear interest at a discount of 60% at the one-year deposit rate on the withdrawal date. The deposit deposited before the implementation of these regulations shall still be implemented according to the original provisions.

(seven) overseas Chinese (RMB) regular savings. Foreign currency and foreign exchange (including gold and silver) remitted or brought in by overseas Chinese and compatriots from Hong Kong, Macao and Taiwan from abroad or Hong Kong and Macao are sold to the People's Bank of China and converted into RMB in various specialized banks for deposit. Deposits are fixed-term lump-sum deposits and withdrawals. The deposit term is divided into one year, three years and five years. The deposit interest is calculated at the prescribed preferential interest rate. When opening an account, you should go through the warehousing formalities within the specified time with "foreign exchange certificate" or "remittance voucher", and the deposit certificate will be issued by the savings institution. When the deposit expires, it will be withdrawn with the certificate of deposit. If the depositor has agreed to seal the deposit, it must also seal the withdrawal. Withdrawals made in advance shall be handled in accordance with the provisions on lump-sum RMB time deposits. This kind of savings can only be withdrawn in RMB, not in foreign currency, and cannot be remitted to Hong Kong, Macao and Taiwan or abroad. After the deposit expires, the deposit can be transferred, and the interest paid can also be stored with the principal.