Would you open savings account in Public Sector Bank or Private Sector Bank? Facilties like Internet access, 24 hour customer care, free cheque book etc. are provided by both types. However one distingushing factor I see is the minimum Quarterly Balance to be maintained.
ICICI, HDFC require Rs 10,000/- to be maintained as AQB, however SBI,BoI has Rs 1000/- limit.
I would rather invest the remaining Rs9,000/- in MFs,stocks and earn good returns rather than getting 3.5% interest.
Readers, please share your views.
Regards
Atul