Article 45 (Accrual Period of Interest Income)

The accrual period of interest income shall be the date determined by the following subparagraphs. <Amended by Act No. 5050, Dec. 30, 1995, Act No. 5243, Dec. 31, 1996, Act No. 5494, Dec. 31, 1997, Act No. 5611, Dec. 31, 1998, Act No. 6570, Dec. 31, 2001, Act No. 7012, Dec. 30, 2003, Act No. 7391, Feb. 19, 2005, Act No. 8273, Feb. 28, 2007, Act No. 9400, Feb. 4, 2009, Act No. 10143, Feb. 18, 2010, Act No. 11612, Feb. 2, 2012, Act No. 11680, Feb. 15, 2013, Act No. 12330, Feb. 3, 2015, Act No. 17874, Feb. 17, 2021> 1. Interest and discounts under subparagraphs 12 and 13 of Article 16 (1) of the Act: The repayment date according to the agreement. Provided, that if repaid before the due date, it shall be the repayment date. 2. Interest and discounts on bearer bonds, etc., under Article 46 (1) of the Act: The date of payment. 3. Interest and discounts on registered bonds, etc., under Article 46 (1) of the Act: The payment date according to the agreement. 3. of 2. Deleted <Dec. 31, 2024> 4. Interest on ordinary savings deposits, time deposits, installment savings, or premiums: a. The date of actual receipt of interest. b. Interest with a special agreement to be added to the principal shall be the date it is added to the principal by virtue of the special agreement. c. Interest paid due to contract termination shall be the contract termination date. d. If the contract period is extended, it shall be the extension date. e. In the case of a regular deposit linked to regular installment savings, interest on the regular deposit shall be the date the regular deposit or regular installment savings is terminated or the savings period of the regular installment savings expires. 5. Interest on notice deposits: The withdrawal date. 6. Deleted <Feb. 28, 2007> 7. Profit from repurchase agreements on bonds or securities: The repurchase date or resale date of the relevant bonds or securities according to the agreement. Provided, that if repurchased or resold before the due date, it shall be the repurchase date or resale date. 8. Insurance profit from savings-type insurance: The payment date of the insurance benefit or refund. Provided, that if cancelled before the due date, it shall be the cancellation date. 9. Excess refunds from workplace mutual aid associations: The payment date of excess profit on contributions and additional profit on refunds according to the agreement. Provided, that if excess profit on contributions with a special agreement to be added to the principal is paid in installments, it shall be the date it is added to the principal according to the special agreement. 9. of 2. Profit from non-business loans: The interest payment date according to the agreement. Provided, that if there is no agreement on the interest payment date, or if interest is paid before the interest payment date according to the agreement, or if interest that was excluded from the calculation of gross revenue pursuant to Article 51 (7) is paid, it shall be the interest payment date. 10. Amount equivalent to interest, etc., on bonds held under Article 193-2: The sale date of the relevant bonds, etc., or the payment date of interest, etc. 11. In cases where inherited or gifted assets generating interest income under subparagraphs 1 through 10, the date of commencement of inheritance or the date of gift.