At present, our country no longer establishes new rural cooperative banks. All rural cooperative banks must be restructured into rural commercial banks . Qualified stocks will be completely cancelled, and qualified rural credit cooperatives will be encouraged to restructure and form rural commercial banks. So, what kind of bank does Rural Commercial Bank belong to? Is it the same as rural credit cooperatives? Attached is the 2022 time deposit interest rate table!
1. What kind of bank does Rural Commercial Bank belong to?
belongs to joint-stock commercial bank .
Rural Commercial Bank is a joint-stock local financial institution composed of farmers, rural industrial and commercial households, corporate legal entities and other economic organizations within its jurisdiction.
2. Are rural commercial banks and rural credit cooperatives the same?
is different.
1. Different natures:
Rural Commercial Bank is a regional financial institution of a joint-stock company, and rural credit cooperatives are a local financial institution of a joint-stock cooperative enterprise.
2. Different sponsors:
Rural commercial banks are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, corporate legal persons and other economic organizations within their jurisdiction. Currently, they are generally initiated and established by enterprises with certain strength. Rural credit cooperatives refer to rural cooperative financial institutions established with the approval of the People's Bank of China , composed of members as shareholders, implemented democratic management, and mainly provide financial services to members.
3. Different management methods
Credit cooperatives implement member democratic management, while rural commercial banks use the shareholders’ meeting as the highest management body.
4. Different regulatory authorities
Commercial banks are mainly supervised by the China Banking Regulatory Commission, while credit unions, as the sponsors of provincial federations, are mainly supervised by provincial federations.
5. Different business models
Rural commercial banks as a whole aim to make profits for the entire bank, and each branch will be directly managed by the head office. Rural credit is operated independently under the guidance of the provincial federation. Each rural credit cooperative is an independent legal person and is responsible for its own profits and losses. The provincial federation can manage and understand the development of the credit cooperative, but it cannot interfere with the credit cooperative's business.
6. Different service targets
Credit cooperative mainly provides financial services to members. Its service targets are mainly farmers, and its main service areas are in rural areas. The rural commercial bank is a regional financial institution. It serves a wide range of customers, just like other banking institutions. The customer groups can be rural or urban, and can be enterprises or individuals.
3. 2022 Rural Commercial Bank Time Deposit Interest Rate Table
At present, the deposit interest rate of rural commercial banks is 20%-55% higher than the base interest rate , and there will be slight differences in different regions.
1, interest calculation formula is: deposit interest = deposit amount * deposit interest rate * deposit term. The deposit interest rates of rural commercial banks vary from place to place. Take the behavior of Beijing Rural Commercial Bank as an example. According to the latest RMB deposit interest rate table of Beijing Rural Commercial Bank’s WeChat official account:
2, the annual interest rate for three-year lump sum deposits and withdrawals is 3.125%, and the interest rate for three-year lump sum deposits and withdrawals of 10,000 yuan is 10,000*3.125%*3=937.5 yuan;
3. The annual interest rate for three-year deposits, lump sum deposits, lump sum deposits, and interest-bearing deposits is 1.56%. The interest rate for a three-year deposit of 10,000 yuan is 10,000*1.56%*3=468 yuan;
4. Fixed time: Regular deposits and withdrawals within one year are discounted at 40% off at the same level of interest rate.
Note: The actual deposit interest rate of local rural commercial banks may be different from the official website. Please consult the local rural commercial bank outlets.
Generally speaking, Rural Commercial Bank is a joint-stock regional local commercial bank, which is generally established after the reform, upgrade and update of rural credit cooperatives.
