Saving Account Looks Attractive

With the announcement in Budget 2011-2012 that interest up t 10K would not be taxed, Saving Account looks far more attractive.

There are three main reasons to consider Saving Account than Fixed Deposits right now
 i)  Interest up to 10K is tax free
ii)  Higher interest rate provided by YES and Kotak Mahindra.
     They offer 6% for deposits over 100K.
iii) High liquidly offered By saving account.

I am listing below , the rates offered by various banks on Savings Account:

 

Bank	SB A/c Intt Rate(as on 24.10.2011) %	SB A/c Intt Rate as on 21.03.2012 (w.e.f) %
Allahabad Bank	4.00	4.00(25.10.2011)
Andhra Bank	4.00	4.00(25.10.2011)
Bank Of Baroda	4.00	4.00(25.10.2011)
Bank Of India	4.00	4.00(25.10.2011)
Bank Of Maharashtra	4.00	4.00(25.10.2011)
Canara Bank	4.00	4.00(25.10.2011)
Central Bank Of India	4.00	4.00(25.10.2011)
Corporation Bank	4.00	4.00(25.10.2011)
Dena Bank	4.00	4.00(25.10.2011)
IDBI	4.00	4.00(25.10.2011)
Indian Bank	4.00	4.00(25.10.2011)
Indian Overseas Bank	4.00	4.00(25.10.2011)
Oriental Bank (OBC)	4.00	4.00(25.10.2011)
Punjab & Sind Bank	4.00	4.00(25.10.2011)
Punjab National Bank	4.00	4.00(25.10.2011)
Syndicate Bank	4.00	4.00(25.10.2011)
UCO Bank	4.00	4.00(25.10.2011)
Union Bank Of India	4.00	4.00(25.10.2011)
United Bank Of India	4.00	4.00(25.10.2011)
Vijaya Bank	4.00	4.00(25.10.2011)
State Bank Of India	4.00	4.00(25.10.2011)
State Bank of Bik & Jaipr	4.00	4.00(25.10.2011)
State Bank Of Hyderabad	4.00	4.00(25.10.2011)
State Bank Of Mysore	4.00	4.00(25.10.2011)
State Bank Of Patiala	4.00	4.00(25.10.2011)
State Bank Of Travancore	4.00	4.00(25.10.2011)
ICICI Bank Ltd	4.00	4.00(25.10.2011)
Axis Bank Ltd.	4.00	4.00(25.10.2011)
IndusInd Bank Ltd.	4.00	5.50(01.11.2011)
Yes Bank Ltd.	4.00	6.00(25.10.2011)
HDFC Bank Ltd.	4.00	4.00(25.10.2011)
Kotak Mahindra Bank	4.00	6.00(25.10.2011)

 I am planning to contact Kotak Mahindra and Yes Bank in the coming days. Rates are excellent.