Are rural commercial banks and rural credit cooperatives the same bank?

Rural commercial banks generally refer to rural commercial banks and rural credit cooperatives refer to rural credit cooperatives. Therefore, rural commercial banks and rural credit cooperatives are not the same bank. Rural commercial banks are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations. Rural cooperative banks should all be restructured into rural commercial banks.

Rural credit cooperative union refers to a rural cooperative financial institution established with the approval of the People's Bank of China, which is composed of members' shares, implements democratic management and mainly provides financial services for members. In accordance with the provisions of national laws and financial policies, organize and adjust rural funds, support agricultural production and comprehensive rural development, and support various forms of cooperative economy and family economy.

Common rural commercial banks include Guangzhou Rural Commercial Bank, Shenzhen Rural Commercial Bank, Beijing Rural Commercial Bank, Wuhan Rural Commercial Bank, Changchun Rural Commercial Bank, Changchun Development Rural Commercial Bank, Xinyi Rural Commercial Bank, Hefei Science and Technology Rural Commercial Bank, Erdos Rural Commercial Bank and Changsha Rural Commercial Bank.

You can usually go to rural commercial banks and rural credit cooperatives for deposits and loans. When handling deposits, they can be divided into demand deposits and time deposits. Demand deposits have less interest and time deposits have more interest, but time deposits are not as flexible as demand deposits. To apply for a loan, certain conditions must be met.