When depositors deposit their deposits in banks or other third-party financial institutions, or borrowers borrow from banks or other third-party financial institutions, they will pay interest to depositors or collect interest from borrowers within a certain period of time.

Generally according to the cycle length (3 months, 6 months, 12 months, etc.). ), annual interest rate or daily interest rate, and the settlement methods of banks are different, resulting in different interest settlement amounts.

You can check the interest settlement amount in your account through online banking or bill. Basically, banks will indicate the word "interest settlement" in the remarks column.

Extended data interest settlement is divided into annual interest settlement, which is the time to calculate interest once a year. The annual interest settlement date is 65438+February 20th or June 20th. Before July 1995 1 and 1 interest rate adjustment, the bank accounting system stipulated that the interest settlement date of this loan was 12 February 20, that is, from June of last year 12 to June of this year 12.

When the company closes its account, it shall settle interest at any time. If the interest rate needs to be calculated by installments after adjustment, the interest must be calculated by installments according to the unified adjustment time and interest rate.

The interest settlement date of each bank is basically the same, which is the 20th day at the end of each quarter (i.e. March 20th, June 20th, June 20th, 65438+February), but the interest settlement date of consumer loans (such as car loans and mortgage loans) is the 20th day of each month; Time deposits (including unit and individual time deposits) do not bear interest, and the interest will be paid together with the principal after maturity. The interest settlement time of deposits and loans is usually called the interest settlement date.

General deposit and loan interest is settled quarterly according to the monthly interest rate, that is, the 20th of the last month of each quarter is the settlement date (March 20th, June 20th, September 20th, 65438+February). The start and end date of interest calculation is 2 1 day of last quarter month to 20th of last quarter month.