The current account of Agricultural Bank of China pays interest once every quarter, and the 20th day at the end of each quarter (March, June, September, 65438+February) is the interest payment date. The calculated interest will be transferred to your account at the end of each quarter at 2 1, and 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.

Extended data:

The quarterly interest settlement method is applicable to deposits and loans of industrial and commercial enterprises in the field of liquidity (including agriculture). If the interest is calculated at the annual interest rate, it will be settled once a year. Except for the infrastructure loan of China Construction Bank, which is scheduled for September 20th, the other settlement dates are all scheduled for 65438+February 20th. The graduation period is from 65438+February 2 1 last year to 65438+February 20 this year.

Time deposit bears interest, calculated on a yearly and monthly basis, and repays the principal and interest at maturity. When the interest-bearing deposit is settled or the borrower repays, it is the interest-bearing date, that is, the interest is settled and all the principal is calculated, which is called interest settlement.

The accrued interest on the above settlement date shall be transferred to the next day after the audit (postponed in case of holidays). The interest-bearing date of current savings deposits is uniformly stipulated as June 30th of each year, that is, July 1 last year to June 30th this year is the interest settlement period. The employment date is the next working day after the settlement date, that is, July 1 (postponed in case of holidays).

References:

Baidu Encyclopedia-Interest Settlement Day