Banks in race to woo depositors

.....Many public sector banks have already launched their tax saving deposit schemes targeting these investors. State Bank of India has advertised its deposits scheme with a 5-year tenor offering 16.64 per cent effective annual yield in general and as much as 17.39 per cent for senior citizens. It has calculated these returns for investors in the higher tax bracket of 30 per cent and the rate of interest at 8.50 per cent for general investors and 9 per cent  for senior citizens......

Read - The Hindu