Just received the deduction information from Agricultural Bank of China. What do you mean it's a settlement transaction?

Hello! If there is deposit in your personal current account, we will transfer the interest of current deposit to your account in the last month of each quarter (March 2 1, June 2 1, September 2 1, February 2 1), and

Demand deposits in debit card accounts are settled quarterly, and the 20th of each quarter is the settlement date. Interest is calculated according to the settlement date or its interest rate, and the interest is transferred to the principal on 2 1. If the account is closed before the interest settlement date, the interest will be calculated according to the current interest rate published on the account closing date until the day before the account closing.

(Answer time: 2021April 16. In case of business change, please refer to the actual situation. )