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Corporate Information
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Corporate Internet Banking
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Call Deposit
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Call deposit means your company does not have to bind on a fixed tenor while making the deposit. However, your company could only withdraw the fund on the date and within the amount you have notified the bank in advance.
Comparison with other kinds of deposit:
Call deposit receive higher interest than current deposit or Negotiation Deposit. However, you should notify the bank before making any withdrawal. In comparison to time deposit, call deposit is more flexible on tenor in spite of its lower interest rate.
| |  RMB Call Deposit | | |
- Type
There are two kinds of RMB call deposits: one-day notice deposit and seven-day notice deposit. For the former, a notification of withdrawal should be given to the bank at least one day in advance, while for the latter, at least seven days in advance. Your company could choose the type of call deposits at your own discretion.
- Minimum amount
RMB500,000.
- Withdrawal
Both partial and full withdrawals are allowed. Minimum withdrawal amount should be RMB100,000.
- Interest Rate
The interest will be calculated at the corresponding call deposit interest rate published by the bank on the date of withdrawal and paid together with the principal on that day.
In case one of the following situation exists, the current deposit interest rate shall apply:
(1) The actual deposit tenor is shorter than the required minimum deposit tenor for call deposit;
(2) If the client make withdrawal without notifying the bank in advance, then the amount withdrawn will be calculated with current deposit interest rate;
(3) The withdrawal is made before or after the notified date, then the amount withdrawn will be calculated with current deposit interest rate;
(4) The withdrawal is made in amount above or lower than the notified amount, the amount less than or exceeding the notified amount will be calculated at the current deposit interest rate;
(5) The withdrawal amount is less than the required minimum amount.
(6) If the withdrawal is cancelled after the procedure for withdrawal notification has already been fulfilled or within the tenor of notification, no interest will accrue on the principal within the tenor of notification.
- Partial withdrawal
(1) If the retained amount after partial withdrawal is above the minimum deposit amount, a new certificate of call deposit will be issued with the deposit date starting from the original deposit date;
(2) If the retained amount is lower than the minimum deposit amount, the account will be closed and the interest will be calculated at the current deposit interest rate on the date of account closure, or the account will be converted into other kinds of deposit account according to your wish. Foreign Currency Call Deposit | | |
- Type
Foreign currency call deposit could be further classified into small amount seven-day notice call deposit and large amount seven-day notice call deposit.
- Currency
US dollar, Japanese Yen, Euro, British Pound, Hong Kong Dollar, Australian Dollar and etc.
- Minimum amount
For small amount US10,000 equivalent, for large amount USD3,000,000
- Interest Rate
Interest rate will be floated every seven days. Within the deposit tenor our bank will adjust interest rate every seven days. The interest will be calculated by dividing the whole tenor into several periods of different interest rates and paid together with the principal upon withdrawal. Interest will only accrue for deposit tenor over seven days and no interest will accrue for deposit tenor less than seven days. For deposit tenor over seven days, seven day’s interest should be deducted, if the withdrawal is made without giving notification seven days in advance or before the notified date. If the deposit is not withdrawn on the notified date, no further interest will accrue for the overdue period. | | | | | | | |
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