Ruyibao, a wealth management product similar to Yu 'ebao, is a settlement service product that China Minsheng Bank Direct Bank cooperates with fund companies to automatically purchase and redeem the current balance of customers' electronic accounts.

After the customer initiates the money transfer instructions such as transfer, consumption and payment, the system automatically applies to the fund company for product redemption. After the confirmation of the cooperative company, the money will arrive at the customer's electronic account in real time, and the customer's redemption money will be used for the transfer of funds initiated by the customer, such as transfer, consumption and payment, and the transferred funds will not be calculated on the same day.

Extended data:

The income distribution and calculation of Ruyibao of Minsheng Bank are as follows:

(1) Calculate the dividend income every day and pay the income every day; The income is carried forward to the fund share in the form of dividend.

(2) For the account balance before (T) 15:00 on each trading day, the income is calculated on T+ 1 trading day, and the income on T+2 trading day is carried forward to Ruyibao balance; Subscription of account balance after T day 15:00 will be included in the next trading day.

(3) After signing Ruyibao, the funds will be transferred to the electronic account, and the income will be determined according to the time when the funds are transferred. For example, the transfer time is from Monday 15:00 to Tuesday 15:00, and the interest begins to be calculated on Wednesday, and the first time to show the income is Thursday.

China Minsheng Bank-Ruyibao Product Rules Description