Overview

The Corporate Call Deposit is a kind of deposit that the depositor does not specify the term but needs to inform JRCB of the withdrawal date and amount before withdrawal.

Irrespective of its actual length of term, the Corporate Call Deposit is divided into one-day and seven-day call deposit. One-day call deposit is subject to one day prior notice of the amount to be withdrawn; seven-day call deposit is subject to seven days prior notice of the amount to be withdrawn.

The Corporate Call Deposit is subject to a threshold for deposit of RMB500,000 and a minimum single withdrawal of RMB100,000. It is deposited in a lump sum and withdrawn in one or more instalments.

Features

Higher interest rate relative to demand deposit although lower than time deposit

More flexibility of withdrawal relative to time deposit

Relatively more interest income for depositors

Procedures

1. The customer completes the Account Opening Application Form and provides required certificates or documents.

2. The customer provides authorized seal card that bears signatures and seals of depositor, including financial seal, legal representative seal (or chief officer seal) and accountant seal.

Note: Please contact your local branch for detailed information about the service.