1 Don't worry, the risk is not great.

Village banks are not deceptive. Many people may misunderstand it as a private bank or a small institution. Actually, it's not like this. They also belong to formal national banks. They are initiated by commercial banks, and like other large banks, they are supervised by the People's Bank of China and the China Banking Regulatory Commission. It is very reliable. If there is poor management, resulting in deposits can not be cashed in time, the host bank should also be responsible for this.

3. Village banks are actually financial institutions approved by China Banking and Insurance Regulatory Commission, which are jointly funded by domestic and foreign financial institutions, domestic non-financial institutions, corporate legal persons and natural persons in China, and established in rural areas to provide financial services for local farmers, agriculture and rural economic development. Therefore, village bank deposits are very reliable.

4. Village bank deposits are safe and reliable. Because rural banks are formal banks, they are officially approved by relevant administrative departments. Village banks, like other banks, are protected by deposit insurance regulations, so they are safe. However, the scale of rural banks is not very large, the capital base is weak, and the risk control ability is not as good as that of large commercial banks. Theoretically, village banks may also go bankrupt. However, the deposit products of rural banks, like other banks, belong to the protection category of the Deposit Insurance Ordinance. Even if the village bank goes bankrupt, the deposits within 500 thousand can still be paid back.