DBS bank reduced interest rates on first 1 lakh from current 5% to 4% from 1st Feb so now for for 2 lakhs in dbs you will get an avg interest rate of (4+7)/2 = 5.5% It is still a bit better than kotak which also gives 4% on first 1 lakh & 6% on balance above that 1 lakh. Now it seems like IDFC ( 7% interest on entire balance if it is above 1 lakh by even a rupee) & DCB bank(effective 8.3% interest incl cashback on 1 lakh but not more than that as cashback is capped) are the best options for keeping money in savings account.
7>>5>>4