2. Village banks Many people may misunderstand that they are private banks or small institutions, but this is not the case. They belong to formal national banks and are initiated by commercial banks. At the same time, like other large banks, they are subject to the supervision of China People's Bank and China Banking Regulatory Commission. It is very reliable. If there is mismanagement and the deposit cannot be cashed in time, the host bank will also be responsible for this situation, so don't worry, put the deposit in the township.

3. Village banks are actually financial institutions approved by China Banking and Insurance Regulatory Commission, which are jointly funded by domestic and foreign financial institutions, domestic non-financial institutions, corporate legal persons and natural persons in China, and established in rural areas to provide financial services for local farmers, agriculture and rural economic development. Therefore, village bank deposits are very reliable.

4. Village bank deposits are safe and reliable. Because rural banks are formal banks, they are officially approved by relevant administrative departments. Village banks, like other banks, are protected by deposit insurance regulations, so they are safe. However, the scale of rural banks is not very large, the capital base is weak, and the risk control ability is not as good as that of large commercial banks. Theoretically, village banks may also go bankrupt. However, the deposit products of rural banks, like other banks, belong to the protection category of the Deposit Insurance Ordinance. Even if the village bank goes bankrupt, the deposits within 500 thousand can still be paid back.

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What are the characteristics of rural banks?

1. Village banks are characterized by serving agriculture, rural areas and small and micro enterprises. The loan interest is also relatively low, and their loan base is relatively wide. In addition, most of the outlets of rural banks are located in rural areas or urban-rural fringe, and the maintenance cost of outlets is relatively low.

2. Village banks are formal financial institutions approved by China Banking and Insurance Regulatory Commission. The main activity place is in the local countryside, and it is not allowed to operate across regions or issue loans in different places. The initial goal is to provide financial services for rural areas and provide flexible and fast loans for farmers and new rural enterprises, that is, to position themselves as "farmers' banks".