In the past, the redemption of monetary fund was T+ 1 arrival. For example, if you apply on Sunday, the fund company will confirm it next Monday, and it will arrive on Tuesday according to the net value on Monday.
Due to competition, the fund company has optimized the money fund, claiming that the money fund T+0 has arrived, that is, customers apply for redemption today, and the fund company has prepared some cash in advance to deal with redemption, so customers can receive money today. However, the daily redemption of fund companies is limited by a certain amount. If the cash prepared for the day is used up, it can only be confirmed by T+ 1 Therefore, customers' small demand can be very convenient, and large demand should be prepared in advance.