What is zero deposit and lump sum withdrawal?

Installment withdrawal refers to a kind of savings method of monthly fixed deposit with agreed term and one-time withdrawal of principal and interest at maturity. Generally speaking, the deposit starts at five yuan per month. The deposit term is divided into one year, three years and five years. The procedure of opening an account is the same as that of current savings, but it needs to be renewed every month according to the amount at the time of opening an account.

The procedures for depositors to withdraw in advance shall be handled with reference to the relevant procedures for lump-sum withdrawal of time savings deposits. Generally, the deposit starts at five yuan and is made once a month. If there is something missing, it should be made up next month. Interest is calculated according to the actual deposit amount and the actual deposit period. Please refer to the interest rate table for specific interest rate standards.

Extended data:

Features of lump-sum deposit and withdrawal:

1. Every little makes a mickle. You can "force" your own deposits and cultivate financial habits, which is suitable for those deposits with fixed income but little savings.

2. It can be withdrawn in advance.

The minimum deposit is 5 yuan. The second deposit amount can only be the fixed deposit amount at the time of opening an account, which cannot be changed or omitted. If there is any omission, it shall be filled in the next month, but the cumulative number of omissions shall not exceed 2 times. If the account is omitted for more than 2 times (inclusive), the subsequent deposit amount shall be calculated according to the current account.

Baidu encyclopedia-zero deposit and lump sum withdrawal