Starting January 1st, China's six major banks will accrue interest on the balance in digital yuan wallets, with the rules benchmarked against demand deposits.

According to Techub News, citing 21st Century Business Herald, six major state-owned banks—Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China—will, starting January 1, 2026, pay interest on the balance of customers' digital RMB wallets opened at these banks, based on the respective banks' current deposit rates. The interest calculation and settlement rules will be consistent with those for current deposits. Bank of Communications stated that if a customer's digital RMB wallet is a Type IV personal wallet, no interest will be paid on the balance within the wallet.