What is the interest settlement transaction of Agricultural Bank of China?

The interest settlement transaction of Agricultural Bank of China means: the interest earned by personal account deposit in the bank.

Some savings customers will receive short messages from the Agricultural Bank of China, or hear the words of interest settlement transactions of the Agricultural Bank during the access process of the Agricultural Bank. When depositors deposit their deposits in the Agricultural Bank or borrowers borrow from the Agricultural Bank.

the interest rate of RMB medium-and long-term loans is fixed from the original one year to be determined by both borrowers and borrowers according to commercial principles, which can be adjusted monthly, quarterly and annually during the contract period, or fixed interest rates can be adopted. The Agricultural Bank of China will extend the deposit interest rate announced by the People's Bank of China on October 24th, 215, and the interest will fluctuate according to market conditions.

Extended information:

The interest settlement transaction of Agricultural Bank of China is as follows:

The interest settlement of urban and rural residents' demand savings deposits is quarterly, and the 2th day of the end of each quarter is the interest settlement date. After the interest settlement, the interest will be incorporated into the principal and interest will accrue, and the mantissa below RMB will not bear interest. If the account is not settled on the interest settlement day, it shall be calculated according to the interest rate announced on the account settlement day until the day before the account settlement.

the bank establishes a trading margin account for each customer who opens an account and signs a contract. Before the customer carries out the deferred trading of precious metals, it is necessary to transfer the funds used for trading in the signed debit card account into the trading margin account through "deposit trading".

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