Earn Daily Interest on your Savings A/C

This is a very good dicesion of RBI in favore of customers who are having saving accounts in banks.

Wow whaat a great news, thanks for the same. it will also help people save with the banks. and in turn banks will have more money for rotation.  

Wise Policy decision by RBI.Good for the account holders...
But this will pinch the banks.They will somehow make adjustments in interest rates to equalise the excess interest outflow.
Afterall they are in business,not for sharing profit with account holders!!

This is indeed a very good decision by the RBI and will definitely encourage savings. Thanks for the referral. 

According to the article, 
"As per the new directive issued by RBI, only commercial banks will need to follow this new method of interest payment on savings accounts. Commercial banks include all banks other than co-operative ones."

Check out the Master Circular on Interest Rates on Rupee Deposits held in Domestic, 
Ordinary Non-Resident (NRO) and Non-Resident (External) (NRE) Accounts on the RBI site through this link. 
http://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=5112

Btw, it is still a proposal and will remain so until enforcement. I am already beginning to lose sleep when I ponder over the article from a TAX-PAYER's perspective.

Good move by RBI to motivate people for banking especiallly from rural sector.

Good move by RBI.

excellent decision taken by the RBI and in future you will see more people having their money in banks than anywhere else, this will bring in more customers than ever before for banks...

Its a great and nice decision taken by RBI.One can keep money for long in their SB a/c, one willnot have to bother too much for where to put money for getting more interest.Real relief...

Really Good move by RBI if becomes reality soon. Will see rise in Account holders. But will it vary from bank to bank?? I guess it will.

Wow this is great! I hope this banking system hits my country since only special types of accounts benefit from the daily interest.

That is a good decision by the RBI, as the bank used to use the funds of the depositor in lending and earning huge.. so now the depositors will also get good value for the money in Bank...

This is really a good decision taken by Reserve bank of India.This will definitely motivate people to hold more money in their savings bank accounts.