The two banks fund is also called the public bank maintenance fund.

Public maintenance fund refers to the maintenance fund for the public parts of residential buildings and public facilities and equipment.

The principal is raised jointly by the selling unit and the buyer, and the ownership belongs to the payer. The interest is used for the repair and maintenance of the public parts of the sold residential building and the public facilities and equipment. When the interest is insufficient,

shared by property owners.

The most common parts refer to the main load-bearing structural parts of the residence (including foundation, internal and external load-bearing walls, columns, beams, floors, roofs, etc.), outdoor walls, foyers, stairwells, and corridors.

Extended information: The "Property Law of the People's Republic of China" clearly stipulates the ownership and use of public maintenance funds: "The maintenance funds of the building and its ancillary facilities belong to the owner. After the owner

The government has decided that it can be used for the maintenance of elevators, water tanks and other parts. The collection and use of maintenance funds should be announced. "1. The sales unit should collect the property ownership certificate for the owner before handling it.

The maintenance fund shall be handed over to the local property management administrative department for custody.

2. In communities where conditions are met, the maintenance fund can be handed over to the owners' committee or the property management company for custody after the owners' committee submits it to the owners' meeting for decision.

If the maintenance fund is managed by the property management administrative department, the property management administrative department shall not interfere with the normal use of the maintenance fund.

3. For the use of maintenance funds, the property management company shall propose an annual use plan, which shall be implemented after review by the owners' committee and approval by the owners' meeting.

When the maintenance fund is insufficient, the property maintenance fund shall be paid in accordance with the decision of the owners' committee and the proportion of the building area owned.