Amount of time deposit: When opening an account, you can agree on the amount of time deposit with the bank according to your current economic strength. The initial deposit amount is 50 yuan, and the maximum principal amount is 20,000 yuan.
Interest rate concession: when the deposit expires, the depositor can enjoy the lump-sum interest rate with the identity certificate of the student receiving non-compulsory education issued by the provincial State Taxation Bureau where the non-compulsory education school is located. In case of interest rate adjustment during the deposit period, interest shall be calculated and paid according to the corresponding time deposit interest rate announced on the account opening date, without interest.
Exemption from interest tax: interest tax can be exempted if the principal is less than 20,000 yuan.
Suitable target: suitable for students who are receiving non-compulsory education. When they attend full-time high school (technical secondary school), junior college and undergraduate course, master's degree and doctor's degree, they can enjoy the interest tax reduction and interest rate concession of 20 thousand yuan education savings in each learning stage respectively.
Opening an account: registered in real-name registration system, opening an account in the name of a student. When opening an account, you must go to any branch of Bank of China with your student residence booklet or resident ID card.
Deposit withdrawal:
After the deposit expires, the depositor can enjoy the lump-sum deposit and withdrawal interest rate with the identity certificate of the student who is receiving non-compulsory education printed by the provincial State Taxation Bureau where the non-compulsory education school is located and issued by the school, and the interest on the education savings deposit is exempted.
Tips:
+If there is any leakage during startup, it should be supplemented in the next month; Failure to make up the deposit is regarded as breach of contract, and the part deposited after breach of contract is regarded as deposit interest rate plus interest, and income tax on interest of savings deposits is levied.
+If the "certificate" cannot be provided, the interest shall be calculated and paid according to the actual deposit term and the deposit interest rate of the same grade in the same period as the listing announcement on the account opening date. At the same time, income tax on deposit interest shall be levied in accordance with relevant regulations.
+If the depositor can provide "proof" when withdrawing in advance, the interest shall be calculated and paid according to the deposit interest rate of the same grade published on the actual deposit period and the account opening date, and the interest income tax on education savings deposits shall be exempted. If the Certificate cannot be provided, interest shall be calculated and paid according to the deposit interest rate listed on the actual deposit date and withdrawal date, and income tax on deposit interest shall be levied in accordance with relevant regulations.
+If the deposit is not withdrawn at maturity, the overdue part shall be paid with interest according to the deposit interest rate listed on the withdrawal date, and the income tax on deposit interest shall be levied according to relevant regulations.