Regular savings - teikitsumikin

Japanese: 定期積金 - ていきつみきん

A fixed term installment is a contract in which a financial institution assumes an obligation to deliver a fixed amount of money (called the premium) to the depositor on the maturity date, on the condition that the depositor continues to deposit a fixed amount of money (called the premium) at the financial institution on a regular basis. From an economic perspective, it is one of the ways to save, but its legal nature is different from fixed term deposits. Article 1, Paragraph 1, Item 4 of the Savings Bank Law states that "a fixed term is set and a fixed amount of money is paid on a regular basis or several times within a certain period of time with the promise of a fixed amount of payment." This is a fixed term installment. Although the financial institution does receive money, the depositor makes a premium (not a deposit) according to the conditions in order to receive a fixed amount of payment (the benefit contract fee) on the maturity date. This benefit contract fee consists of the premium plus alpha (called the benefit compensation), and the benefit compensation fee is equivalent to the interest rate on the premium, but the fixed term installment is not interest because it is structured as a financial institution providing a payment based on a contract in response to the depositor's execution of the deposit. Therefore, the benefit compensation received by contributors is not considered "interest income" under tax law and is not subject to taxation.

Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information

Japanese:

一定の金銭 (掛け金という) を金融機関に定期に継続的に積立てることを条件として，金融機関が満期日に一定の金銭すなわち給付契約金を積金者に交付する債務を負う契約である。経済的にみれば貯蓄方法の一つではあるが，定期預金などとは法律的にその性質は異なる。貯蓄銀行法1条1項4号に「期限ヲ定メテ一定金額ノ給付ヲ為スコトヲ約シ定期ニ又ハ一定ノ期間内ニ於テ数回ニ金銭ヲ受入ルルコト」と規定されているが，これが定期積金である。金融機関が金銭を受入れることには違いないが，積金者は満期日に一定金額の給付 (給付契約金) を受けるために条件どおりの掛け金 (預け入れではない) を行うのである。この給付契約金は掛け金＋アルファ (給付補填金という) から成り，給付補填金は掛け金の金利に相当するものではあるが，定期積金は積金者の掛込みの実行に対し，金融機関が契約に基づく給付を行うものとして構成されている点から利息ではない。したがって積金者が受取る給付補填金は税法上「利子所得」とはみなされず，課税対象とはならない。

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