Mei Ri Jing Ji Xin Wen·2025-12-31 12:20Core Viewpoint - Starting from January 1, 2026, six major state-owned banks in China will begin to pay interest on the balances of digital RMB real-name wallets at the same rate as their current deposit rates, following the same interest calculation rules as regular savings accounts [1][10]. Group 1: Announcement Details - The six banks involved are the Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank [1]. - The current interest rate for regular savings accounts is noted to be 0.05% [10]. - Interest will be calculated quarterly, with the interest credited to accounts on the 21st of each quarter's last month [10]. Group 2: Wallet Types and Interest Eligibility - Digital RMB wallets are categorized into four types: Type 1, Type 2, and Type 3 are real-name wallets eligible for interest, while Type 4 is an anonymous wallet that does not earn interest [10][12]. - Type 1 wallets require in-person verification and must be linked to a domestic bank account, while Type 2 and Type 3 wallets can be opened remotely with varying identification requirements [12][13][14]. - The new definition of digital RMB indicates a shift from being classified as M0 (cash) to being recognized as a form of deposit currency, allowing for interest accrual [11][12].