Why does the Agricultural Bank of China not display the balance when sending information on interest settlement?

The interest settlement date of Agricultural Bank of China is the 20th of the last month of each quarter. The bank will deposit the money directly into the account, so you generally cannot see the interest settlement money. You can go to the bank. Check the transaction details.

The bank interest settlement date is the 20th at the end of each quarter (that is, the 20th day of March, June, June, and December), but the interest settlement date for consumer loans (such as car loans, home loans, etc.) is. Generally, banks will pay interest on the 21st. After the interest payment is received, it will be deposited into the user's current account. It can be included in the principal for interest calculation when the interest is settled in the next quarter.

Extended information

Changing the number of interest settlements for personal current deposits from once to four times a year is a new regulation that every bank must implement. Since the interest after interest settlement is incorporated into the principal, compared with the original interest settlement once a year, the new regulations increase the number of interest settlements, which is equivalent to increasing the amount of interest incorporated into the principal, so the interest will increase accordingly. Industry insiders said that under the new interest settlement method, individual savers may receive more than 40 cents more interest for every 10,000 yuan in demand deposits.

It is reported that ICBC, China Construction Bank and Shenzhen Development Bank have respectively clarified that they will formally implement the new interest settlement regulations from tomorrow. However, since the People's Bank of China issued the new notice to the date of official implementation, the two old and new interest settlement dates of June 30 and September 20 have passed. All banks have already calculated and paid interest on June 30. Therefore, how to calculate Paying interest on personal current deposits starting from July 1 has become the main focus of many savers.

Baidu Encyclopedia-Bank Interest Settlement