Did the bank give me the money for interest settlement?

Debit card demand deposits are settled quarterly by cumulative interest method, and the 20th of each quarter is the settlement date. The after-tax interest calculated on the settlement date according to the listed deposit interest rate (interest tax has been stopped at present, and the interest tax rate is zero) is merged into the principal interest.

Because the interest settlement SMS is sent in batches, there will be a delay, that is, you will receive the interest settlement reminder SMS a few days after the interest settlement date.

The Notice on Interest-bearing Settlement of RMB Deposits and Loans issued earlier by the People's Bank of China will be officially implemented on July 1 2005.

The new regulations change the current interest settlement method of personal demand deposits from annual settlement to quarterly settlement, allowing financial institutions to formulate their own interest and interest settlement rules for deposit types such as call deposits, agreement deposits, time deposits and time deposits, deposit and withdrawal, lump sum deposit and withdrawal, etc. under the principle of not exceeding the upper limit of the interest rate of deposits of the same grade in the same period of the People's Bank of China.

This means that when individual depositors and borrowers handle the same deposit or loan in different banks, the interest rate is different.

Basic information

Doubt 1:

How to calculate and pay the interest from July 1?

It is reported that it is a new regulation that every bank must implement to change the number of interest settlement of personal demand deposits from once a year to four times. Since the interest after interest settlement is incorporated into the principal, compared with the original annual interest settlement, the new regulations increase the number of interest settlements, which is equivalent to increasing the interest amount incorporated into the principal, so the interest will increase accordingly. According to industry insiders, under the new interest settlement method, individual depositors can earn about 40 cents more interest for every 6,543,800 yuan demand deposit.

It is reported that ICBC, CCB and SDB have made it clear that the new interest settlement regulations will be formally implemented from tomorrow. However, since June 30th and September 20th, two new and old interest settlement dates, have passed since the People's Bank of China issued a new notice, and all banks have paid interest on June 30th this year, how to calculate and pay the interest on personal demand deposits since July 1 has become the main focus of many depositors' concern.

It is reported that CCB and ICBC clearly stipulate that the interest of depositors' personal demand deposits from July 1 day to February 20/day will be paid in one lump sum on February 2 1 day, and the settlement interest rate is 65438+February 20. However, the reporter failed to obtain similar instructions from other banks.

In addition, except for the great changes in the interest-bearing and interest-bearing methods for deposits and loans issued by Shenzhen Stock Exchange, the interest-bearing and interest-bearing rules for RMB loans, call deposits, agreed deposits, time deposits, time deposits and lump-sum deposits of CCB and ICBC are still implemented according to the existing regulations.

Doubt 2:

Banks lack clear guidelines.

According to the Notice, except for demand deposits and fixed-term lump-sum deposits, banks can make their own interest-bearing and settlement rules for call deposits, agreed deposits, fixed-term lump-sum deposits and lump-sum deposits, as long as they do not exceed the upper limit of the interest rate of deposits of the same grade in the same period of the People's Bank of China.

In addition to the above deposits, personal loans can also be negotiated between individuals and banks according to the regulations of the People's Bank of China, but banks must inform customers in advance so that customers can choose different bank deposits or loans.

However, the reporter went to many bank outlets in the city yesterday and found that few tellers could clearly tell the reporter how the bank would modify the interest settlement method. Most tellers even said that they had not received the notice from their superiors.

explain

A customer deposited a fixed deposit of RMB 65,438+00,000 on July 365,438+0, 2006. If the customer withdraws in full on March 65, 2007, 438+0. On the withdrawal date, the half-year lump-sum deposit and withdrawal interest rate determined by the bank is 1.89%. Suppose the bank has made the following regular, regular, regular, regular, regular, regular, regular, regular, regular, regular, regular, regular, regular, regular, regular, regular, regular.

1, and the interest calculation and selection formula is "interest = principal× year (month )× year (month) interest rate+principal× odd days× daily interest rate";

Interest payable =10,000× 7× (1.89 %× 60% ÷10,000×10× (1.89 %× 60).

2. Interest calculation formula "interest = principal × actual days× daily interest rate": interest payable =10000× 222× (1.89 %× 60% ÷ 360) = 69.93 yuan.

Conclusion: The interest difference under two different interest calculation methods is 0.63 yuan.