What does the reserve fund of Yinsheng Payment Service Co., Ltd mean?

The reserve fund of Yinsheng Payment Service Co., Ltd. refers to the reserve fund of payment institution customers, also known as payment reserve fund and excess reserve fund. It is the deposit deposited by commercial banks and other financial institutions in the central bank according to a certain proportion. If there are no special circumstances (such as the decline in deposits of users in banks or financial institutions), deposits may not be misappropriated or withdrawn. Reserve ratio is the ratio of reserve deposits and cash on hand to various deposits. The high reserve ratio means that some funds are idle and the efficiency of capital turnover is poor. Generalized payment reserve includes two kinds of reserves, one is cash reserve, that is, cash on hand; Second, the deposit reserve, that is, the deposit deposited in the central bank, is the main part of the payment reserve. The People's Bank of China canceled the requirement for the reserve ratio of commercial banks, and combined the original deposit reserve ratio and reserve ratio into one. At present, reserve can also refer to the part of commercial banks' deposits in the central bank that exceeds the deposit reserve ratio, which is generally called excess reserve.