There are so many articles on stack-overflow and security.stackexchange on storing encryption keys, but I am still confused, so that's why I decided to ask again here.
Basically, I am creating an Email client for education purpose, in that Users can create account where they enter there Email-ID and Password. I am looking for secure way to save the information.
I will be
From reading I have understood that,
Looking at all the articles on internet on this topic this is a repetition, but I am sill learning to make applications and for the last two days I going in a loop with no success.
OS: Linux Ubuntu 14.04
Programming Language/Framework: Python/Gtk+
Your understanding is correct.
It's impossible to prevent a attacker with access to the local key from accessing the password. Obscuring the path where it is stored provides virtually zero additional security - any attacker with the know-how necessary to perform the decryption will easily bypass such a mechanism.
The only secure way to do this is storing the key (or a key to the key) out of the computer - in the user's mind, in the case of the master password mechanism.
If you end up using a master password, don't forget to use a proper key derivation function, ideally with a key-stretching mechanism, such as PBKDF2 or bcrypt. Never use a password as a key directly (or even a simple hash of the password.