The current savings deposits of urban and rural residents pay interest quarterly, and the 20th of the last month of each quarter is the interest settlement date. After interest settlement, the interest is merged into the principal interest, and the mantissa below RMB does not bear interest. If the settlement is not made on the interest settlement date, it shall be calculated according to the interest rate announced on the interest settlement date until the day before the settlement. The basic calculation formula of bank interest is simple interest = principal × interest rate × deposit period. Commonly used simple interest calculation formula: interest = principal × annual interest rate × year = principal × monthly interest rate × month = principal × days × monthly interest rate.
The interest settlement transaction of Agricultural Bank of China refers to the interest earned by personal account deposit in the bank.
Some savings customers will receive a short message from China in reply to ABC, or they will hear the words of ABC's interest settlement transaction during the access process of ABC. The interest rate of RMB medium and long-term loans is fixed from the original one year to be determined by both borrowers and borrowers according to commercial principles. During the contract period, it can be adjusted monthly, quarterly and annually, or a fixed interest rate can be adopted. The Agricultural Bank of China will extend the deposit interest rate announced by the People's Bank of China on October 24th, 2065438+2005/kloc-0, and the interest will fluctuate according to market conditions.
The interest settlement transaction of Agricultural Bank of China is introduced as follows:
Demand savings deposits of urban and rural residents shall be settled quarterly, and the 20th day of the last month of each quarter shall be the settlement date. The interest after interest settlement is incorporated into the principal, and the mantissa below RMB yuan is not charged. If the settlement is not made on the interest settlement date, it shall be calculated according to the interest rate announced on the interest settlement date until the day before the settlement. The bank establishes a trading margin account for each customer who opens an account and signs a contract. Before the customer carries out the precious metal deferred trading, the funds used for trading in the contracted debit card account should be transferred to the trading margin account through "margin trading".