Why is it illegal?
2065438+In June 2008, China Banking Regulatory Commission and the Central Bank issued the Notice on Improving the Management of Deposit Deviation in Commercial Banks. It is clearly pointed out in Article 2 that commercial banks should further standardize the deposit-taking behavior, and shall not take the following measures to illegally absorb and falsely increase deposits: (1) Refund to absorb deposits in violation of regulations. Absorb deposits through improper means such as returning cash, securities or giving away objects.
As one of the four state-owned banks, it is necessary for Agricultural Bank of China to operate in compliance and prudence. Even if you acquiesce in employees' behavior privately, you will never admit to saving large certificates of deposit and return to 70 yuan every 65,438+100,000 yuan.
Why do employees return to 70 yuan?
To tell the truth, 70 yuan is at a high level in the industry. Generally, this amount can only be given at the end of the year and the end of the quarter. Why do bank employees do this? Because the cost is higher than the benefit he brings. People who work in banks should know that bank employees, especially account managers, have the task of making deposits. Failure to complete the deposit task will result in performance deduction, demotion, salary reduction or even demotion. Deposit is very important to the account manager.
The initial deposit amount of time deposit certificate is 200,000 yuan. If a customer deposits 200,000 yuan in one lump sum, according to the standard of 70 yuan, the account manager will pay the cost of 1.400 yuan in one lump sum, and the cost of 2 million yuan is 1.400 yuan, which is still quite high. Under normal circumstances, the income brought by 2 million yuan to the account manager in ABC is far less than10.04 million yuan. Therefore, the rebate of1.700,000 can only be given when the year-end and the quarter-end involve the assessment time (the assessment time determines the performance and grade) and the gap between the account manager and the task is not big.
abstract
If your deposit date is at the end of the quarter or the end of the year, it is entirely possible that the above situation will occur. However, if the account manager gives this interest rate level on the non-appraisal day, you should be more careful, and it is possible to cheat deposits, because the return of the extra 1 10,000 yuan to 70 yuan is obviously higher than the market level, especially in large state-owned banks like Agricultural Bank of China.
This is very abnormal, and it is obviously an act of illegally absorbing deposits. If you say this is a local small and medium-sized bank, such as a rural commercial bank or a rural credit cooperative, or even a postal savings bank, it is also very possible. But for the Agricultural Bank of China, one of the six state-owned banks, it has never been so hard to save money (giving gifts or returning cash).
As a large state-owned commercial bank, Agricultural Bank of China achieved a net profit of 202,635,438 million yuan in 20 18, up 4.9% year-on-year. In addition, the total assets of ABC reached 22.6 1 trillion yuan, a year-on-year increase of 7.4%. No matter from the perspective of asset size or net profit, it ranks third among the six state-owned banks, and the top two are ICBC and CCB respectively.
It is worth mentioning that the total number of employees of Agricultural Bank of China in 20 18 was 47369 1, ranking first among the six major banks. The purpose of saying this is to tell you that the Agricultural Bank of China does not have too much pressure on the debt side, and it is even more impossible to openly propose cash back. Moreover, it's cruel to pay 10000 yuan back to 70 yuan.
According to Article 47 of the Commercial Bank Law, any initiative to raise or lower interest rates other than interest rates is illegal. In other words, banks are not allowed to absorb deposits and issue loans by giving gifts and points or even returning cash.
In addition, withdrawing cash on the basis of deposit interest rate is a high-cost debt behavior in itself, which is a test for the operational risk of commercial banks. Although the subject did not indicate how much this is a large deposit certificate, it needs at least 200,000 yuan in deposit, and so on, which means returning 1.400 yuan. If the interest rate of three-year certificates of deposit with an initial deposit of 200,000 yuan is 3.85%, the annualized interest rate will be 7,700 yuan, and if you add 1.400 yuan, it will be 9 1.000 yuan. Since then, the annualized interest rate has been as high as 4.55%, which is equivalent to a rise of 65.45% on the basis of the benchmark interest rate, even higher than the deposit certificates issued by some city commercial banks or rural commercial banks by up to 55%. Obviously impossible, not to mention that ABC will not do this, and even interbank interest rate guidance is not allowed.
In a word, the subject conditions are not sufficient, and it is not stated whether it is once or every year to return to 70 yuan. Anyway, in any case, this is not reliable for the large deposit certificates issued by ABC.
There are few ways for banks to cash back their deposits now, and there are even fewer large deposit certificates. Therefore, the main consideration is whether the products of the Agricultural Bank of China or the deposits of the bank staff who negotiate with you privately to complete the task.
Agricultural Bank is also a financial institution. Teacher Jin often goes to the Agricultural Bank of China to handle business. I feel that there are few lobby managers, staff or tellers pushing consignment products and wealth management products. Although this is true for Mr. Jin, it does not mean that there is no such thing. If the bank sells products or wealth management products on a commission basis and then returns them, it needs the attention of the subject. It may not be a large deposit certificate, but a large time deposit, and the most likely is insurance financing.
Although the product risk coefficient of insurance financing is low, there is no risk of principal loss. But there are many detailed rules, which are more troublesome for ordinary investors. The one-year large time deposit mentioned by the subject may not be one year, but three to five years. If it is a long-term product, it cannot be redeemed after the expiration, and there may be the possibility of principal loss if it is redeemed. This situation must be handled carefully, and it is necessary to ask whether it is a one-year large time deposit or insurance financing. If it is insurance financing, the subject should see the details clearly, whether it is one year, three years or five years, and consider whether he is suitable or not.
Another possibility is the cashback of private negotiation between the bank staff and the target. In this case, the average staff member pays the subsidy. There may be some unfinished tasks in the quarter and year, and then help them complete the tasks, and then give performance bonuses to customers.
If it is not a large deposit certificate but a large time deposit, and it is a one-year deposit, Mr. Jin thinks that you can choose low-risk, medium-low risk financial products. At present, the benchmark interest rate of the bank's one-year time deposit is 1.5%. Although the Agricultural Bank of China has gone up, it will generally not exceed 30%, which is the level of 1.95%. Even after returning to 70 yuan, the annualized rate of return is only 2.65%, while the annualized rate of return of low-risk, medium-low-risk wealth management products is between 3.5% and 6%. Obviously the latter is much more cost-effective.
The large deposit certificate of Agricultural Bank of China is fixed for one year, and every 1 10,000 yuan is returned to 70 yuan in cash. This situation is really rare.
One of the reasons is the increased interest rate burden.
Certificate of deposit is a new deposit product with a starting point of 200,000 yuan. Because the starting point standard is high, the interest rate will be more inclined. The interest rate of time deposits generally rises by 20%~30% on the benchmark interest rate, and certificates of deposit can rise by 40%~55% on the benchmark interest rate.
At present, the benchmark interest rate of one-year time deposit is 1.5%, and a 50% increase can reach 2.25%. That is to say, 1 0,000 yuan only earns 225 yuan a year. If you can return to 70 yuan.
The corresponding interest rate is about 2.95% whether it is cash back after deposit or cash back at interest settlement. It will indeed greatly increase the burden on banks.
Everyone thinks that an interest rate of around 3% is nothing. In fact, the average interest rate of banks is very low. The 20 18 annual report of agricultural bank of China shows that the company's current savings deposits are as high as 16.4 trillion yuan, and the average interest rate is only 1.39%. Among them, personal deposits were 9.56 trillion yuan, with an average interest rate of1.43%; The company deposits 6.84 trillion yuan, with an average interest rate of 1.33%.
It stands to reason that a big bank like ABC will not lack hundreds of thousands of deposits.
The second reason is illegal operation.
Article 47 of the Commercial Bank Law stipulates that:
From 2065438 to 2008, the China Banking Regulatory Commission and the Central Bank of China issued the Notice on Improving the Management of the Deviation of Deposits in Commercial Banks, which explicitly prohibited illegal absorption and false increase of deposits. The clearest one is:
In fact, that is to say, the delivery of oil, umbrellas, rice and noodles we saw before are all illegal operations, just like the cash back of deposits. Generally speaking, however, the beneficiary will not report it.
Individual bank outlets can cash out certain cash or in-kind deposits from office expenses and welfare expenses. This is also hard to avoid. But in general, there are few propaganda slogans and banners to promote.
On the whole, it is illegal to cash back deposits. It stands to reason that a big bank like ABC is unlikely to engage in such activities.
But let's not worry about the safety of deposits. As long as we deposit the deposit in our own account in the name of the certificate of deposit and don't tell anyone the relevant password, it is basically safe.
If I am not mistaken, the agricultural bank mentioned by the subject should refer to rural commercial banks or rural credit cooperatives.
I say this mainly for the following two reasons:
It is normal for large deposits to withdraw cash, but it is not compliant. For depositors, don't worry, just take 70 yuan at ease; For banks, they need to be extra careful. Once reported to the local branch of the banking insurance supervision bureau, the bank needs to make a written explanation to the regulatory authorities.
Not all banks will issue cash to customers' deposits, which are generally limited to banks with relatively small scale and relatively difficult to absorb deposits. For example, city commercial banks, rural credit cooperatives, rural commercial banks, village banks and so on. It is also difficult for private banks to absorb deposits, but due to the limitation of physical outlets, there are ways to directly distribute cash, but they will also attract deposit customers by directly raising deposit interest rates.
In addition to these smaller banks, there is also a large bank, but it also gives depositors benefits other than interest: either cash or gifts. This bank is the Postal Savings Bank.
I think the reason why the Postal Savings Bank sends gifts or cash is mainly related to its tradition. When the early Postal Savings Bank was not a bank, it was subsidized by the People's Bank of China.
At that time, the deposits absorbed by the Postal Savings Bank were not used as loans, but were directly handed over to the People's Bank of China. The people's Bank of China pays the interest of postal savings, minus the interest paid by postal savings, which is the income of postal savings. Postal savings have more profit space, and some profits will be taken out to attract customers in the form of gifts or cash.
Although those joint-stock banks and even state-owned banks do not distribute cash or gifts offline, they also subsidize customers through online integral mall. In essence, there is no difference between these two behaviors.
Judging from the reality, banks still issue cash and gifts. It can be seen that regulators turn a blind eye to the behavior of banks subsidizing deposit customers. As long as it does not go too far and does not affect the liquidity operation of banks, regulators are unwilling to take care of it.
In fact, the birth of certificates of deposit also has a big background, that is, banks subsidize cash and distribute gifts. The People's Bank of China saw the chaos in the process of banks absorbing large deposits, so it simply designed large deposit certificates with a benchmark interest rate of about 50%. The specific interest rate is determined by the bank itself. On the one hand, it reduces the bank's direct subsidy to customers, on the other hand, it also meets the high interest demands of large deposit customers.
Summary:
Whether rural commercial banks give cash, city commercial banks give gifts or big banks give points, they are essentially a means of marketing customers. For depositors, it is the most affordable to give cash, because the money is deposited in the bank with interest. As long as you confirm the bank, you can safely take the gift or cash.
Say the answer first, normal. Many banks have the phenomenon of cash back. Although this is prohibited by the local banking regulatory bureau, other banks force your bank to engage in such activities in order to collect deposits or passively retain deposits.
Not to mention that deposits are not allowed to withdraw cash, even deposit gifts are strictly the key inspection items of the banking regulatory bureau. For example, our local rural commercial bank was cheated by the Postal Savings Bank once, reporting deposits and sending gifts. The funniest thing is that the Rural Commercial Bank reported the Postal Savings Bank backhand, and the two brothers each paid a fine of 300,000. From this incident, we can feel how fierce the competition between banks is, and the phenomenon of deposit cashback is really common!
For example, 200,000 yuan is deposited in China Agricultural Bank, and the interest rate of three-year certificates of deposit is 3.9875%. If every ten thousand yuan is returned to 70 yuan, it will be 70 10003 100% 0.23%, that is, the effective interest rate is 4.2 175%. The interest rates of three-year certificates of deposit of local banks and rural commercial banks are mostly 4.2625%, which is higher than the sum of interest and cash returned by ABC. Therefore, it is easy to understand the situation of handling deposit certificates and returning them in proportion at the Agricultural Bank of China!
To sum up, it is normal for 70 yuan to cash back every 10,000 yuan when handling large deposit certificates in ABC. After all, the deposit interest rate of ABC is too low, and it has no advantage compared with other city commercial banks and rural commercial banks, so it is helpless to collect deposits!
Cash back of deposits other than interest payment is a serious violation, which is called discount in jargon. Unless it is a local bank (in order to survive, the local banking regulatory bureau turns a blind eye and the superior inspection is communicating), other state-owned banks and joint-stock banks will be fined and named informed criticism at the same time (the notification level depends on the inspection level). No leader, including ABC, can violate the rules so blatantly. In order to obtain deposits, they all float at the benchmark interest rate stipulated by the state (the regulations allow, and there is an upper limit, which seems to be 55%). If we want to increase our efforts, we should generally be flexible. The most common practice is to assign tasks to employees, and the indicators are linked to the reward salary. It is not a problem to give money to employees as rewards, and there is no evidence that employees give it to depositors. Banks don't violate the rules, and depositors get benefits. Of course, if employees can pull deposits without spending money, then the premium part is their own reward salary, and everyone will be happy if they work harder.
Let's just say that ABC doesn't care if you have three melons and two dates. People's business is hundreds of millions at any outlet every day, and they still care about your 10 thousand yuan back to 70?
Of course, this kind of behavior belongs to illegal storage, which is definitely problematic, but under normal circumstances, the four major banks never worry about storage, so it is less likely for the four major banks to do this kind of thing.
In fact, the competition between banks is really fierce now, but for the four major state-owned banks, it is still rock solid. Competition is mainly concentrated among small and medium-sized private banks, local new commercial banks and rural credit cooperatives.
The central bank gives banks great interest rate pricing power, such as floating a certain percentage on the basis of the benchmark interest rate, implementing large deposit certificates and issuing wealth management products.
Although the central bank has given interest rates room to rise, general deposits can rise by about 30%, and certificates of deposit can rise by 40-45%, but if you look at the four major banks, general deposits have basically not risen, and there is no preferential policy. Occasionally, some differences of interest are also due to the unbalanced regional economic development, but they are definitely not for saving.
Because the four major banks have a good mass base and outlets all over the streets, there is no shortage of business at all.
What you are talking about is probably a wealth management product launched by Agricultural Bank of China.
If it is a wealth management product, then choose carefully. After all, after breaking the rigid redemption, capital-guaranteed wealth management products almost disappeared.
It is illegal to withdraw cash or return gifts. At the beginning of 20 18, China Banking and Insurance Regulatory Commission has been emphasizing the rectification of market chaos, including this requirement. 2065438+In June 2008, China Banking Regulatory Commission issued the Notice on Perfecting the Management of Deposit Deviation in Commercial Banks. In the article, the first article on strengthening compliance management stipulates that commercial banks should further standardize the deposit-taking behavior, and should not take illegal rebates to absorb deposits, and should not absorb deposits by improper means such as returning cash or securities or giving gifts.
For example, the Agricultural Bank of China regularly returns to 70 yuan in a large amount of 10,000 yuan a year, which is an improper cash withdrawal and violates the relevant regulations of the China Banking Regulatory Commission.
Although there are requirements in the system, it is normal for some cities to take some unconventional measures to withdraw cash. In rural areas of third-and fourth-tier cities, cash withdrawal and gift-giving has developed into a hidden rule in the industry, especially in rural credit cooperatives and postal savings offices. It has become a routine means to present some assessment time points, such as the first quarter of each year, the end of each quarter and the MPA assessment of banks. The pressure on banks to withdraw cash is very high. Agricultural Bank of China
Take our behavior as an example. The first quarter has made a good start, and we will communicate with customers privately to take the following cashback measures, but the intensity is not that great. Generally, 1000 yuan will be returned between 30 yuan and 40 yuan, which is the maximum limit that banks can bear. After all, the one-year fixed deposit interest rate of ABC is only 1.95%, and the interest rate of 1, 000 is only 65. Cash back to 70 yuan is equivalent to increasing the interest cost by 36% in disguise. For ABC, the current capital cost pressure will increase exponentially. After all, a large part of the bank's final profit depends on the interest margin, and banks are highly dependent on short-term fixed-term funds with a term of 1 year. Taking this high-cost deposit method is unfavorable to the interest income of banks, which can be said to quench thirst by drinking poison.
It seems that this problem can't be done without fire! That brother will take you up! ! ! Agricultural Bank of China regularly pays a large sum of money for one year, and then returns it to 70 yuan every ten thousand yuan. If it deposits 200,000 yuan, it will return to 1400 yuan. Then let me ask you, how much interest does ABC's 200,000 large deposit certificate have when it expires? 4350! ! ! Is it possible? At least unofficially, road news is your favorite. Forget it. If you're serious? You lost!
Confession: I am a member of ABC! If the guest officer has any questions, you are welcome to confront him. I admit that ABC does have small gifts, especially during the annual "Spring Action". What pots and pans, Spring Festival couplets, toothpaste and toothbrush, soap and washing powder ... all have it, and the whole hall is in full swing. But, but, brother, I really haven't heard of cash return, let alone seen it, let alone 70 yuan per 10,000 yuan, so generous in honesty and frankness! I'm afraid many city commercial banks and rural commercial banks are ashamed of this battle. In fact, my colleagues and friends who are familiar with ABC know that although ABC is donkey kong, the expense management at the grass-roots level (especially marketing expenses) is still strict enough, not only because it is closely watched by the regulators, but also because the family is not well-off and stretched, which makes you laugh. This is just a dirty dress.
The most likely version of this legend is that a senior brother was overwhelmed by heavy tasks in the "Spring Action". In constant accountability and lectures, he tearfully paid for his own money and sent some tea money to his friends, because if he could not finish the task as scheduled, his performance would be far more than 1400. Does this account count? It's possible to be transferred or even, alas, it's too white to say, not that it's a dirty laundry, but ... that's a cough.
I hope this story is pure fiction. If there are similarities, it is purely coincidental. Otherwise, we will be dragged into the water by giving the supervisor a red envelope. It hurts to think about it. However, even if there is such a thing, I remind you again not to take it seriously. Most of the verbal promises are empty promises. Brothers who walk with heavy loads may not have thought much about the consequences of this statement. If Ma Yun, Ma Hua Teng and Wang Jianlin, who are not short of money, know this news, 200 billion will fall with a bang, and I think your chance of running away will be suspended. Take it ... 65.438+04 billion yuan back!
Not much to say, let's go first, take care, my brother will go with the wind.