Information from Agricultural Bank of China. Interest settlement transaction 16 yuan (16 yuan has no negative sign before it, and it is not a reduction). I didn't save money. What happened?

Interest income 16 yuan or loan interest 16 yuan.

Depositors deposit their deposits in the Agricultural Bank or borrowers apply for loans from the Agricultural Bank. After a certain period of time, ABC will settle interest for depositors and give interest or try to collect loan interest from borrowers. This kind of transaction is called interest settlement transaction.

For the customer who saves money, because it is equivalent to the borrower can get interest income, but the customer who borrows money has to pay interest to the bank, so the customer who saves money naturally benefits, but the customer who borrows money does not particularly benefit.

Extended data:

The interest settlement date is 65438+February 20th, excluding the infrastructure loan of CCB. That is, from 65438+February 2 1 day last year to 65438+February 20 this year, it is regarded as an interest settlement period. The interest settled on the above interest settlement date will be transferred to the next day (postponed in case of holidays) after being audited.

The current savings deposit uniformly stipulates that June 30th of each year is the interest-bearing date, that is, from July 1 day of last year to June 30th of this year is an interest-bearing period. The entry date is the next bank working day after the interest settlement date, that is, July 1 day (postponed in case of holidays). The interest on time deposits shall be calculated on an annual and monthly basis, and the principal and interest shall be repaid at maturity.