notice on adjustments to the municipality’s hpf personal account deposit interest rates-尊龙凯时人生就博官网登录

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notice on adjustments to the municipality’s hpf personal account deposit interest rates
2016-02-18

 

notice on adjustments to the municipality’s hpf personal account deposit interest rates

 shgjj no. 16-2016

to shanghai branch of china construction bank:

in accordance with notice of the people’s bank of china, ministry of housing & urban-rural development and ministry of finance on bettering housing provident fund personal account deposit interest rate formation mechanism (bi no. 43-2016), we hereby notify you of relevant issues pertaining to the adjustments to the municipality’s housing provident fund personal account deposit interest rates as follows:

as of 21 february 2016, the current collection time based housing provident fund personal account deposit interest rates, tantamount to the prevailing demand deposit rate and three-month time deposit benchmark rate respectively, shall be replaced by the unified rate equivalent to the prevailing one-year time deposit benchmark rate for interest calculation.

please proceed accordingly.

 

shanghai provident fund management center
18 february 2016 

 

 

 

addendum:

a summary of adjustments to hpf deposit interest rates (unit: annual interest rate %)

descriptions

before adjustments

after adjustments

current

0.35

1.50

carryover from previous year

1.10

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