Enjoy the difference between deposit and time deposit.

The difference between real deposit and ordinary deposit: different definitions. True deposit is a personal time deposit product, and ordinary deposit mainly refers to demand deposit; The purpose is different. True deposit is a time deposit, the purpose of which is to obtain interest income, while the purpose of ordinary deposit is mainly to facilitate receipt and payment; The minimum limit is different. The starting point of actual deposit is low, and the minimum amount of ordinary deposit is generally high.

Deposit refers to the depositor's temporary transfer or deposit of funds or currency in banks or other financial institutions, or the temporary transfer of the right to use funds or currency to banks or other financial institutions. It is the most basic and important financial behavior or activity and the most important source of credit funds for banks.

Deposit is one of the most basic businesses of banks. Without deposits, there would be no loans, and there would be no banks.

In terms of time, deposits are earlier than banks. In the Tang Dynasty, a special counter for receiving and keeping money appeared in China, where depositors could withdraw money with "stickers" similar to checks or other tokens. Money changers in medieval Europe also accepted customers' deposits, which belonged to the nature of currency custody and did not pay interest, which was the bud of foreign bank deposit business. With the emergence of banks and other financial institutions, the deposit business of banks has developed rapidly.

The Statistical Yearbook of China 202 1 shows that by the end of 2020, the balance of household deposits in * * * cities across the country has exceeded the trillion yuan mark.

Among them, the balance of household deposits in Beijing reached 4,288.9 billion yuan, making it the only city that exceeded 4 trillion yuan. The scale of household deposits in Shanghai followed closely, reaching 3,673.4 billion yuan, and it is also the only city in China with the scale of household deposits ranging from 3 trillion yuan to 4 trillion yuan. Cities with household deposits of 2 trillion to 3 trillion yuan are Guangzhou and Chongqing, with total household deposits of 2,077.4 billion yuan and 202/kloc-0.0 billion yuan respectively.

Judging from 12 cities with total household deposits exceeding one trillion yuan, although the southern region has obvious advantages, there are also four cities in the northern region, namely Beijing-Tianjin-Hebei, Xi and Shenyang, with three in the top ten. In contrast, among the top ten cities in GDP, Beijing has only 1 northern city. In other words, compared with the total GDP, the total deposits of urban residents in the north are more prominent.

The interest tax began at 1950, and the Interest Income Tax Ordinance promulgated in that year stipulated that the deposit interest income tax was 10% (later reduced to 5%), and the interest tax stopped at 1959 and1.65438.

Interest income generated by savings deposits before1October 1999 1 1 is not subject to personal income tax;

Personal income tax shall be levied at a reduced rate of 20% on the interest income generated from savings deposits from June 5438+0999 1 1 to August 14, 2007;

Personal income tax shall be levied at the reduced rate of 5% on the interest income generated from savings deposits from August 5, 2007 to October 8, 2008/kloc-0.

Personal income tax will be suspended for interest income generated from savings deposits after June 9, 2008 (inclusive).

Personal demand deposits shall be settled once on the 20th of the last month of each quarter, and personal income tax shall be levied at the reduced rate of 5% for interest income generated before June 9, 2008. Interest tax will be temporarily exempted from collection from June 5438+1October 9, 2008.

20 10 year time deposit is exempt from interest tax.