Simply put, it is a kind of fund management business similar to the bank's zero deposit and lump sum withdrawal. After you open a fund in a bank and make a fixed investment, the banking system will automatically deduct money from your bank card according to your application, deduction amount and investment period.
From the second month of your fund's fixed investment business, the bank will automatically start to deduct money on the first day of each month. The account balance is insufficient, and the money will be deducted the next day. The minimum deduction for normal monthly investment is only 200 yuan. Transaction time, transaction cost, subscription price and fund redemption are generally the same as normal subscription.