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It’s officially 2023! The arrival of a new year often brings new beginnings, resolutions, goals and hopes to most of us.

 

For some of us, the start of the new year also means ushering in and celebrating the year of the rabbit – and making deposits on Li Chun day! 

 

Li Chun: A Lucky Day to Make Your Deposits 

While everyone knows about Chinese New Year and ang pows, some people may not know about  Li Chun and its significance. Ever notice long lines forming on a specific day around Chinese New Year at ATMs and banks, only to disappear and reappear again later in the day?

 

This day is known as Li Chun, and it’s known as a lucky day for making deposits into your bank account as it represents consistent income and wealth in the year ahead. Celebrated by Chinese communities globally, Li Chun marks the beginning of spring in the lunar calendar and falls on either the third, fourth, or fifth of February. 

 

Li Chun is one of the many new year traditions (like returning to work on a specific day after celebrating Chinese New Year!) and dates back from thousands of years ago. In this day and age though, people keep the tradition alive by depositing money into their accounts on Li Chun day. 

 

Of course, not everyone believes that Li Chun has any bearing on your financial situation for the year. Some believe it’s simply a fun custom to practice. It also serves as a great incentive for saving money. 

Auspicious Dates and Times to Deposit Money for Each Chinese Zodiac Sign

 

According to the Chinese lunar calendar, this year’s Li Chun will fall on 4 February. It has been predicted that 9am to 1pm on 4 February 2023 will be the optimum time to deposit money for all zodiac signs, with the exception of those born in the year of the Tiger, Rabbit, Goat, and Pig.

 

The majority of zodiacs still have two additional “good” times for money deposits, with the Horse and the Pig receiving an additional time slot. Meanwhile, the Ox and the Monkey have no additional times outside of the morning on 4 February (9am to 1pm). Here’s a quick rundown:

 

  • 4 February 2023 (9am to 1pm): All zodiac signs except Tiger, Rabbit, Goat and Pig
  • 4 February 2023 (1pm to 3pm): Rabbit, Horse, Goat, Pig
  • 4 February 2023 (3pm to 5pm): Rat, Dragon, Snake
  • 4 February 2023 (7pm to 9pm): Tiger, Rabbit, Horse
  • 5 February 2023 (1am to 3am): Rat, Snake, Rooster
  • 5 February 2023 (3am to 5am): Horse, Dog, Pig
  • 5 February 2023 (5am to 7am): Goat, Dog, Pig

 

Or you can also check the calendar below to find your auspicious timing and dates:

 

 

Inauspicious Hours to Avoid

 

Be aware that there are times when you shouldn’t be standing in line to deposit money into your account, as these hours are considered unlucky.

 

They include the following hours:

 

  • 4 February 2023 (5 pm to 7 pm)
  • 4 February 2023 (9 pm to 11 pm)
  • 5 February 2023 (11 pm to 1 am)
  • 5 February 2023 (7 am to 9 am)

How Much Money Should You Deposit?

 

So, now that you know what Li Chun is, how much money should you deposit to get more Ong this year? Well, the consensus is that any amount of money is acceptable, as long as you deposit something.

 

Hence, even young kids will have an equal chance of obtaining the vast fortunes of Li Chun when they deposit money from their ang paos into their bank accounts. For parents seeking financial stability and enhanced affluence, now is the ideal time for you to deposit your last year’s bonuses.

 

Having said that, we believe that what matters most is the practice’s underlying thoughts and intentions. Regardless of the amount, you will always benefit from saving money, especially if it means you’ll stand a chance of receiving an immense fortune! 

 

Money Tip: Skip the queue and use online transfer

 

If your lucky hours are in the early morning, why not just deposit money through your banking app? No queue, no fuss and safe!  

 

Li Chun is a truly magical day, filled with hopes for growth and financial security. We hope that you amass a significant fortune on the auspicious Li Chun. Happy New Year!

 

 

This article is for informational purposes only and CIMB does not make any representation and warranty as to the accuracy, completeness and fairness of any information contained in this article. As this article is general in nature, it is not intended to address the circumstances of any particular individual or entity. You are advised to consult a financial advisor or investment professional before making any decisions based on the information contained in this article. CIMB assumes no liability for any consequences arising from your reliance on the information presented here.