What does China Agricultural Bank mean by interest settlement transaction?

hello! If there is a deposit in your personal current account, on the 21st day of the last month of each quarter (March 21st, June 21st, September 21st and December 21st), we will transfer the interest of the current account deposit to your account, and send you a short message with the words "interest settlement transaction" on the next day, which will be sent by us in a unified way, showing only the interest amount and not the account balance.

the interest of demand deposits in debit card accounts shall be settled quarterly. The 2th day of each quarter-end month is the settlement date, and the interest shall be calculated according to the listing date or its interest rate, and the interest shall be transferred to the principal on the 21st day. If the account is closed before the interest settlement date, the interest will be calculated at the current interest rate announced on the account cancellation date until the day before the account cancellation.

(Answer time: April 16, 221. In case of business changes, please refer to the actual situation. )