The RMB and Foreign Currency Time Deposit Integrated Account Passbook (hereinafter "integrated time passbook") is a deposit mode that integrates time deposits with different terms, denominated in RMB and foreign currencies, in a single passbook. With one passbook, RMB and foreign currency accounts with multiple terms can be centrally managed.
The minimum RMB balance of the integrated time passbook is RMB50, with a deposit term of three months, six months, one year, two years, three years or five years; the minimum foreign currency balance is equivalent to RMB50, with a deposit term of one month, three months, six months, one year or two years.
Benefits
1. The integrated time passbook is a tool that provides central management of RMB and foreign currency time deposit accounts. Essentially, it is a time deposit with lump-sum deposit and withdrawal, and provides the same functions as a time deposit.
2. With an integrated time passbook, customers may have access to all RMB and foreign currency time deposits, enjoying quality, efficient and secure services of ABC.
Procedures
1. Open an account
The customer applies for an integrated time passbook using his/her valid identity certificate, and then opens an account. To open an account, the customer needs to properly fill out the deposit form, deposit an acceptable amount and specify the deposit term and the mode of renewal and withdrawal. The teller then issues the certificate of deposit if no errors are found.
2. Withdraw
When the time deposit matures, ABC pays, in a lump-sum, the principal and accrued interest at the rate announced on the date of account opening.
3. Prematurely withdraw
The customer may withdraw all or a portion of the deposit before it matures.
FAQs
1. Can I open more than one integrated time passbook?
Yes.
2. Can I have more than one time deposit account in one integrated time passbook?
Yes.
3. Can I open RMB and foreign currency time deposit accounts with the integrated time passbook?
Yes.
4. What is blocking /unblocking of an integrated time passbook?
There are two types: blocking /unblocking of the integrated time passbook and blocking /unblocking of an individual account in the integrated time passbook. The former is to block /unblock the full balance of all unblocked accounts in the integrated time passbook; the latter is to block /unblock an individual lump-sum time deposit account in the integrated time passbook based on the serial number.
Tips
1. Customers should properly keep their deposit certificates, passwords and valid identity certificates. Deposit certificates and identity certificates should be kept separately.
2. Reporting lost deposit certificates or passwords needs to be handled by the customer, in person, at the outlet.
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