Savings Bank Accounts With Benefits

Since the RBI deregulated the interest rates on savings bank accounts last October,it’s possible to make a bit more on the liquid cash we must all keep for day to day use and emergencies.Here is a link to a web page that keeps track of which bank is offering what on its savings bank deposits:http://www.ratekhoj.com/savingsaccounts/results.php.Also,here is a little development the people at ratekhoj.com seem to have missed:http://www.thehindubusinessline.com/industry-and-economy/banking/article2737752.ece.And to save on banking fees consider opening a zero balance account with IDBI Bank etc, where the fees on various services like issuing of DDs have been waived.

PS Karnatka Bank now offers a 5% interest on its savings bank accounts.