The interest settlement time of deposits and loans is usually called the interest settlement date. General deposit and loan interest is settled quarterly at the monthly interest rate, that is, the 20th of the last month of each quarter is the interest settlement date (20th of March, June and September, 65438+February). The start and end date of interest calculation is 2 1 day of last quarter to 20th of last quarter. That's what the settlement date means

Introduction to quarterly bank settlement

Bank interest shall be settled quarterly according to the Notice on Calculation and Settlement of Deposit and Loan Interest issued by China People's Bank on July 20th, 2005. The new requirement is to change the settlement method of personal demand savings from annual settlement to quarterly settlement, and allow financial institutions to calculate interest on deposit types such as notice deposit, agreement deposit, time deposit, principal withdrawal interest and lump sum deposit and withdrawal. This means that individual depositors and borrowers apply for the same kind of savings or loans in different banks, and the interest earned is different. This paper mainly writes about the meaning and related knowledge points of interest settlement date, and the content is for reference only.