T plus 1 day. You Xinbao products have no fixed term, and customers can purchase and redeem them at will according to their own funds. The redemption time of Friends Xinbao of Kunlun Bank is T plus 1, that is, the redemption application is filed before 15: 00 on the trading day and will be received after 15: 00 on the next trading day. The predecessor of Kunlun Bank is Karamay City Commercial Bank. In April, 2009, China Petroleum and Natural Gas Group Co., Ltd. took control of Karamay Commercial Bank through capital increase, and officially changed its name to Kunlun Bank in April, 20 10.