The Industrial and Commercial Bank of China began to issue the first batch of specific pension savings products in five cities including Guangzhou, Qingdao, Hefei, Xi'an and Chengdu on the 20th.
The specific pension savings products launched this time include three types: lump sum deposit and withdrawal, zero deposit and lump sum withdrawal, and lump sum deposit and zero withdrawal, covering four periods of 5 years, 10 years, 15 years, and 20 years.
It can be handled at the counter of the business outlet with the ID card issued by the pilot area.
The interest rate of specific pension savings products is higher than that of ordinary fixed deposits, and urgent money can be withdrawn in advance.
According to the "Notice on Carrying out the Pilot Program of Specific Pension Savings" previously issued by the China Banking and Insurance Regulatory Commission and the People's Bank of China, the upper limit of the deposit principal of depositors in a single pilot bank for specific pension savings products is 500,000 yuan.
It is understood that the specific pension savings products of Agricultural Bank of China, Bank of China and China Construction Bank will also be launched one after another.
The introduction of specific pension savings products has further enriched the supply of pension financial products in my country and provided new pension investment options for the general public.
Reporters: Li Yanxia, Zhang Qianqian