The money fund has low risk and good liquidity. We can use it as a place to store idle funds. Many investors did not know its redemption mechanism when they first came into contact with the money fund. So what is the redemption mechanism of the money fund?

What is the redemption mechanism of the money fund?

Money funds purchased through different sales channels may have different redemption mechanisms. Take Yu 'ebao as an example. When transferring money to a bank card, the redemption mechanism is as follows:

1 Express delivery: it is expected to arrive within two hours, but the daily limit is 1 10,000 yuan.

2 General arrival: Generally, it will arrive before 23: 59 of T+ 1, and there is no limit to general arrival, and there is still income before arrival.

T refers to the trading day of the fund, which generally refers to non-holidays from Monday to Friday, and is bounded by 15:00. For example, if the funds of Yu 'ebao are transferred to the bank card, if the ordinary funds are transferred to the account, if they are transferred before Monday 15:00, they can be received on Tuesday. If it is transferred before Friday 15:00, it will be received next week, and the income will still be calculated on Saturday and Sunday.

The above is about the redemption mechanism of the money fund, and I hope it will help.