But this has created a problem or paradox, because increasing savings is conducive to the accumulation of wealth and can improve the effectiveness of families or individuals. But for the whole society, the increase of savings will reduce personal investment and consumption, and will reduce the total balanced income of society, which is unfavorable to the whole society.
Extended data
China's deposit principle is "voluntary deposit, free withdrawal, interest-bearing deposit and confidentiality for depositors". Cash held by individual residents belongs to personal property, and no unit or individual may force it to be deposited or prevent it from being deposited in savings institutions in various ways.
Similarly, residents can withdraw part or all of their deposits at any time as needed, and savings institutions may not refuse to withdraw them for any reason. And pay the corresponding interest. The depositor's account name, account number, amount, term and address are all personal privacy. Without legal procedures, no unit or individual may inquire about depositors' deposits, and savings institutions must keep them confidential.
The starting point of current savings is 1 yuan, and the starting point of foreign currency current savings is equivalent foreign currency not less than 20 yuan or 100 yuan (different banks), and there is no limit to deposit more. When opening an account, the bank will issue a passbook, deposit and withdraw money, and the interest will be settled once a year.
People's Daily Online-Increasing deposits is the biggest pressure on the banking industry.