1. Agricultural Bank of China takes the end of each quarter (March, June, September and 65438+February) as the 20th interest settlement date, and calculates that the interest of 2 1 will be credited to your account at the end of each quarter. The interest calculation formula is as follows: interest = cumulative interest days * daily interest rate; Daily interest rate = annual interest rate/360; Cumulative Accrual Days = Days of Account Balance.
2. When the depositor deposits in China Agricultural Bank or the borrower borrows from China Agricultural Bank, the Agricultural Bank will pay interest to the depositor or collect interest from the borrower within a certain period of time, which is an interest settlement transaction.
3. ABC's interest settlement transactions are calculated according to customers' different deposit cycles and current profits, and then paid in cash to the savings customers' accounts. If you are a lender, you also need to pay interest to the bank when the basic interest is due.
Agricultural Bank of China was established in 195 1. Headquartered at 69 Jianguomen Inner Street, Beijing. It is a large state-owned bank managed by the central government and a national deputy ministerial unit. Agricultural Bank of China is an important part of China's financial system. It provides a wide range of corporate and retail banking products and services, as well as financial markets and asset management. Business scope also includes investment banking, fund management, financial leasing, life insurance and other fields.
China Agricultural Bank has the largest number of outlets and the widest business coverage in China. Agricultural Bank of China has developed from the initial agricultural credit settlement business to all-round international and domestic financial services combining local currency and foreign currency, mainly including: deposit service/comprehensive loan service/foreign exchange financing/RMB financing/overseas valet financing/bank card/remittance settlement/safe rent payment service/salary payment service/overseas financial service/electronic banking service/private bank/financial service/domestic payment settlement/international settlement/fund-related business/corporate financial service/. At the same time, it also provides a variety of corporate banking and retail banking products and services, and conducts self-operated and customer capital business, covering investment banking, fund management, financial leasing, life insurance and other fields.