Savings Bank accounts are one of the most preferred form for savings in our country. It has slowly replaced the old pair of socks or the small locked box that a person previously used to keep his life savings!! Saving bank account gives you the benefits of liquidity, safety and also a nominal return in the form of interest. With increasing competition banks have realised that they have to pack more punch into the traditional savings accounts and developed avriants of the same - where the account holder gets higher returns. But even with these accounts the traditional savings bank account still rules the roost. By smartly managing your cash flows, you can increase the interest earning in this account.

Though different banks have come out with different means for calculating saving bank interest, the method given below is still the most preferred among banks.