But in fact, the interest is calculated to a few cents, but the smallest face value of RMB is "fen", so these few cents only exist on the books.
When rounding off, where does the discarded amount go?
Li Cheng also felt that this matter should be clarified.
Later, Li Cheng specifically asked Director Ling of the branch, who told him that the discarded money was generally still in the account, especially after the implementation of computer management, these less than five cents of money were in the original account.
As a result, there are a large number of accounts with balances of less than 5% in the bank's settlement system.
To depositors, the balances in these accounts are less than 5 cents, making them unavailable for withdrawal. However, these accounts with balances less than 5 cents still exist. Unless the accounts are closed, the unavailable funds will disappear.
So, each of these accounts has little value, but if you add up the balances in these accounts, it would be a huge sum of money.
Huge sum? Don't believe it?
A drop of water wears away a stone, and trickles of water merge into big rivers.
These sums of less than five cents accumulate over the years, and with so many accounts like this, it becomes a huge sum of money over the years.
Therefore, Li Cheng felt that this matter should be taken seriously. Once those who are too smart and have evil intentions discover the trick here, this matter will harm the branch and himself.
To prevent problems before they occur, Li Cheng first set his sights on the Longcheng Branch.
When rounding off, where does the discarded amount go?
Yes, where did it go?
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