How is the unit time deposit stipulated?

Provisions of China Bank on Corporate Time Deposit: Business Overview Corporate Time Deposit refers to a deposit in which corporate customers and banks agree on the deposit period, deposit temporarily idle funds in the bank, and when the funds are withdrawn at maturity, the bank pays interest at the interest rate agreed on the deposit date. Divided into RMB time deposits and foreign currency time deposits. The deposit term of RMB time deposit includes six grades: three months, six months, one year, two years, three years and five years. Foreign currency time deposits include small foreign currency time deposits (US$ 3 million or less) and large foreign currency time deposits (US$ 3 million or more). The term of deposit includes five grades: one month, three months, six months, one year and two years. The initial deposit amount is RMB10,000 yuan (or equivalent foreign currency), which must be deposited in one lump sum. When opening a time deposit account, the corporate customer who handles the account opening formalities shall submit the "Certificate of Deposit of China Bank Co., Ltd." to the bank, and reserve the seal. The bank will transfer the advance deposit from its current deposit account, open a fixed deposit account for it, and issue a registered "Certificate of Opening a Fixed Deposit Account for the Company". Large foreign currency time deposit: the initial deposit amount of a single deposit is USD 3 million, GBP 2 million, EUR 3.4 million, JPY 300 million, HKD 23 million and Canadian $4.4 million. Foreign currency deposits above CHF 5.3 million are large foreign currency deposits and can enjoy preferential interest rates. Interest-bearing method: when the RMB unit time deposit is withdrawn at maturity, it will bear interest according to the interest rate of the corresponding grade time deposit announced by the People's Bank of China on the deposit date, and the interest will be settled with the principal. In case of interest rate adjustment during the deposit period, interest will not be calculated by installments. If the deposit is not withdrawn at maturity, the interest on the demand deposit will be automatically converted into the principal, and will be automatically transferred according to the listing interest rate of the same grade published by the People's Bank of China on the transfer date and the original agreed deposit period. When the small foreign currency time deposit is withdrawn at maturity, it will bear interest according to the interest rate of the corresponding grade time deposit published by China Banking Association on the deposit date, and the interest will be settled with the principal. In case of interest rate adjustment during the deposit period, interest will not be calculated in installments. If the deposit is not withdrawn at maturity, the interest on the demand deposit will be automatically transferred to the principal, and will be automatically transferred out according to the listing interest rate of the same grade published by China Banking Association on the transfer date and the original agreed deposit period. Large foreign currency time deposits can enjoy preferential interest rates, but they cannot be automatically transferred. The company's time deposits withdrawn in advance can be withdrawn in advance, and the interest is calculated according to the actual deposit days and the deposit interest rate listed on the withdrawal date, and the interest is settled with the principal. In case of interest rate adjustment, interest will not be calculated by installments. In addition, corporate customers can also apply to China Bank Co., Ltd. for pledge loan business with the "China Bank Corporate Time Deposit (for Pledged Loan) Certificate of Deposit" renewed by this certificate. If a company customer loses a deposit certificate, the bank will not report the loss or reissue it. When the customer withdraws the deposit, it will be handled by the company's official letter. Account opening object All enterprises, institutions, organs, military units, social organizations and individual economic households that meet the requirements for opening RMB unit demand deposit accounts can open RMB unit time deposit accounts and handle local and foreign currency time deposit business. Institutions above the branches of Bank of China Limited approved by China Banking Regulatory Commission, People's Bank of China and State Administration of Foreign Exchange can handle corporate time deposits.