What does the short message from the bank mean by interest settlement in this period?

The bank tells customers about the interest settlement of current deposits by SMS.

1. Bank card interest settlement means that the bank pays the deposit interest of this quarter on the bank card on 2 1 at the end of each quarter.

2. The bank pays interest to customers quarterly, and the interest settlement date is 20th of the last month of each quarter, namely 20th of March, 20th of June, 20th of September and 20th of 65438+February. Therefore, unless there is a clear agreement in the contract, the interest will be calculated on the above date.

Extended data:

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, 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).

References:

Baidu Encyclopedia _ Bank Settlement Interest