Special deposits are special deposits, including several types, such as RMB deposits of diplomatic institutions, consular offices and their personnel in China, RMB deposits of foreign exchange certificates, RMB deposits of military units, and deposits of rural credit cooperatives in the People's Bank, which are all called special deposits. Foreign institutions in China, foreign-funded enterprises, foreigners, overseas Chinese, Hong Kong, Macao and Taiwan compatriots, etc. You can freely exchange foreign exchange, convert it into RMB at the foreign exchange rate and deposit it in a special RMB account. This kind of special deposit is only a demand deposit, which is also divided into a current account and a passbook account. The checking account bears no interest, and the passbook account bears interest according to the RMB deposit rate published by the People's Bank of China.
Foreign exchange certificates are substitutes for RMB, equivalent to RMB. Foreign exchange certificate deposits also belong to RMB special deposits. The foreign exchange certificate deposit is only a demand deposit, and the RMB interest is calculated according to the unit RMB deposit rate published by the People's Bank of China. Soldiers' deposits are the deposits of the organs, troops and enterprises affiliated to China People's Liberation Army and Armed Police Force in the bank. According to the nature of funds, it is divided into two categories: special budget deposits, which are the amount to be used for national defense funds and administrative funds; Special enterprise deposits are funds deposited in banks by enterprises built by the army. The special deposit of rural credit cooperatives is the deposit of rural credit cooperatives in the People's Bank of China according to the specified amount.
Special deposits is a deposit formed by the central bank concentrating a certain amount of funds from some financial institutions under the limited monetary policy and according to the needs of tight monetary policy and macro-control. It is an important tool for the central bank to adjust the structure and scale of credit funds!
Deposit characteristics:
1. Deposits absorbed by the central bank for special capital needs. Special deposits, the central bank, is all the funds collected from the deposits of financial institutions in order to adjust the scale and structure of credit and support the needs of national key construction or other special funds under the specific economic situation.
2. The source of special deposit is specific. Generally speaking, special deposits is rarely open to all financial institutions, unlike the deposit reserve, which is open to all deposit-taking financial institutions.
3. special deposits has a short term, generally one year.
4. The interest rate in special deposits is completely determined by the central bank, which has special regulations. Financial institutions can only complete the deposit task on time and in full according to the stipulated interest rate.