Saturday, March 17, 2012

Savings account interest get Rs 10,000 tax concession

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After deregulation of interest rates on savings bank accounts by the Reserve Bank of India in 2011, Indian banks raised interest to 4% from 3% on saving deposits, while private banks hiked it up to 7%. Kotak Mahindra Bank is currently offering 6% interest on saving deposits while Yes Bank is offering 7%...................

Read - Hindustan Times

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