Rural banks are not the private banks that everyone talks about every day. They are initiated and controlled by large commercial banks or local commercial banks. They also absorb part of private capital and are supervised by the China Banking Regulatory Commission and the People's Bank of China. If there is a liquidity problem and it is unable to pay the deposits of depositors, the originating bank will cash out the deposits of the depositors.

Money deposited in village banks has double insurance. First, if the village bank does not operate well, the originating bank will be responsible for the redemption of the deposits. Second, current banking financial institutions, including rural banks, have deposit insurance, and the maximum compensation amount in a single bank is 500,000. Therefore, the safest measure is not to put all your eggs in one basket.

Nowadays, rural banks basically do not charge any handling fees in order to conduct business. The service is also very good, with a flat management model and a flexible management system. Loans are convenient and fast. There are various types of guarantees.