What does the settlement transaction of Agricultural Bank mean?

On February1day of the last month of each quarter, the Agricultural Bank of China will transfer the interest of demand deposits in this quarter to the user's account, and send a short message with the words "interest settlement transaction" to the user the next day. The short message of interest settlement transaction sent by ABC only shows the interest amount, not the account balance.

The demand deposits in debit cards shall be settled quarterly with accumulated interest, and the 20th day of the last month of each quarter shall be the settlement date. After-tax interest calculated according to the current implementation interest rate of the business institution on the settlement date is incorporated into the principal value. Agricultural Bank of China suspended the interest tax, and the interest tax rate was 0.

According to the Notice on Interest Settlement of RMB Deposits and Loans issued by the People's Bank of China, the interest settlement method of personal demand deposits is changed from annual settlement to quarterly settlement. There are differences in deposit interest among banks. The deposit interest of China Agricultural Bank will fluctuate according to the deposit interest rate announced by the People's Bank of China.

2065438+20051October 24, 65438+2005, demand deposits for urban residents and units, with an annual interest rate of 0.30%. Time deposit for urban residents and units: three months, annual interest rate1.35%; Half a year, annual interest rate1.55%; -years, with the annual interest rate of 1.75%.

20 19 On July 26th, China Agricultural Bank will extend the deposit interest rate announced by China People's Bank on October 24th, 20 15, and the interest will fluctuate according to market conditions.

1. Where is the interest settlement money of ABC?

The interest settlement fee of Agricultural Bank refers to the user's deposit.

The interest is actually paid, and the interest settlement fee is not deducted from the user's funds, but the regular interest earned by the user's account deposit in the bank; The current interest generated by the deposit will be calculated on a quarterly basis and deposited into the user's personal account, and the interest settlement bank will send a notification message to the user every quarter. The bank interest settlement fee refers to the bank interest settlement fee on the 20th or 2 1 day of the last month of each quarter.

This quarter, the bank card deposit interest is paid to the user card; The People's Bank of China previously issued the "About RMB deposits"

With regard to the notice of interest calculation and interest settlement of loans, the new regulations change the interest settlement method of personal demand deposits from annual settlement to quarterly settlement, allowing financial institutions to formulate interest calculation and interest settlement rules for deposit types such as notice deposits, agreement deposits, time deposits and two-way deposits, lump-sum deposits and lump-sum deposits, which are not more than the deposits of the same term and grade of the People's Bank of China.

In principle, the interest rate ceiling is set by itself. Individual depositors and lenders make the same deposit or loan in different banks, and the interest earned is different. The bank will settle interest on March 2 1, June 2 1, September 2 1 and February 2 1 every year, and print the interest list for each account opening unit, or affix the official seal of the bank to the interest list. ICBC, CCB and SDB have formally implemented the new interest settlement regulations respectively. However, since the PBOC issued the new notice, two old and new interest settlement dates, June 30th and September 20th, have passed, and banks have already paid interest on June 30th. CCB and ICBC clearly stipulated that depositors' personal demand deposits should pay interest from July/KLOC-0 to February 20th.