Corporate Demand Deposit
Service Overview
Corporate Demand Deposit in RMB is a kind of RMB amount deposited by organs, groups, army, enterprises, individual business, social groups and other organizations (hereinafter referred to as "the unit"), which can be withdrawn at any time and of which the interest is calculated based on the interest settlement period.
Deposit term
Such deposit has no fixed term and can be withdrawn at any time.
Interest rate of deposit
The interest of the RMB demand deposit is calculated based on the publicized interest rate for the demand deposit on the interest settlement date. In case of adjustment of the interest rate during interest calculation, the interest shall be calculated by phases.
Scope of application
Organs, groups, army, enterprises, public institutions, individual business, social groups and other organizations (hereinafter referred to as "the unit")
Application conditions
Refer to the description of various settlement accounts or the Administrative Measures on RMB Bank Settlement Accounts for details.