According to the Individual Income Tax Law of People's Republic of China (PRC), deposits are not subject to individual income tax. Specifically, individuals do not need to pay personal income tax on interest, dividends, bonuses and other income deposited in banks, as well as income from purchasing various wealth management products.
However, it should be noted that if the deposit comes from other income, such as salary, manuscript fee, patent fee, etc. Then you need to pay the corresponding personal income tax in accordance with the relevant tax laws.