Savings Accounts are the most popular type of bank accounts meant for saving of your amount and getting interest on it. You have the flexibility of deposit your fund to or withdraw your fund from the account based on your requirement. Banks provides cheque facility to savings account holders. It can be opened and operated either in single name or in joint names. Generally, all the salaried employees as well as the pensioners have this type of account. The rate of interest offered on such account is between 4% to 7% per annum. With effect from FY 2012-13, interest earned on savings account upto Rs 10,000 in single financial year is exempted from tax.
2017 August 07 is a bank holiday in Daman And Diu due to Raksha Bandhan.
2017 August 14 is a bank holiday in Bihar due to Janmashtami.
2017 August 15 is a bank holiday in Andaman And Nicobar Island due to Independence Day.
2017 August 15 is a bank holiday in Arunachal Pradesh due to Independence Day/Janmashtami.