[Agricultural Bank of China] Your account No.0579 completed the interest settlement transaction of RMB 5. 18 on March 2. What do you mean?

It means that the account receives settlement interest 5. 18.

This short message of interest settlement transaction of Agricultural Bank refers to the interest of bank settlement, and the deposit in the bank account has interest. Interest settlement is the interest that banks settle for customers.

Debit card account deposits bear interest according to the relevant regulations of Agricultural Bank of China, while electronic cash does not. Demand deposits in debit cards are settled quarterly by cumulative interest method, and the after-tax interest calculated at the end of each quarter according to the current implementation interest rate of the business institution on the settlement date is merged into the principal interest.

Extended data:

The quarterly interest settlement method is applicable to deposits and loans (including agriculture) in the liquidity field of industrial and commercial enterprises. If the interest is calculated according to the annual interest rate, it will be settled once a year, and the settlement date will be 65438+February 20, except for the infrastructure loan of China Construction Bank. 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. When the interest-bearing deposit arrives in the account or the borrower pays off the loan, the interest shall be settled immediately and together with the principal, which is called interest settlement with the principal.