How to Open Citi Bank Fixed Deposit Online

CitiBank offers various products to its customers including fixed deposit to its customers. If you are a customer of CitiBank and wish to maximize your savings then you can consider opening a CitiBank fixed deposit (FD) account.

However, before you open an FD account, do check the CitiBank FD interest rates you will earn based on the amount deposited and the investment tenure chosen by you.

We will list down the steps you will have to follow to open a CitiBank FD account.

How to apply for CitiBank FD online

Through Net Banking

• Visit the official website of CitiBank.
• Login to the net banking portal by entering your username and password.
• Under the ‘Menu’ section, click on ‘Deposit’ and then click on ‘Open Fixed Deposit’.
• Enter the amount you wish to deposit and the tenure for which you wish to invest in FD.
• You will then have to provide additional information and submit the necessary documents.
• The documents submitted by you will be verified and if they are found to be correct, then you can start depositing a said amount in to your FD account on a monthly basis.

Through mobile app

• Download the CitiBank mobile app.
• Login using your username and password.
• Under the ‘Menu’ section, click on ‘Deposit’, and then click on ‘Open Fixed Deposit’.
• Enter the investment amount followed by the tenure.
• You will have to provide additional information and then submit the required documents. If all the details are found to be correct, then you can successfully start depositing a said amount in your fixed deposit account every month.

How to apply for CitiBank FD Offline

You can visit the nearest CitiBank branch along with all the necessary documents to open a fixed deposit account. Duly fill the application form and submit it along with all the documents. If all the details provided by you are correct including the documents submitted then the bank will allow a fixed deposit account to be opened in your name.

Frequently Asked Questions (FAQs)

1. I do not have a savings account with CitiBank. Can I apply for an online fixed deposit account?

   Individuals who are not Citibank account holders can open a fixed deposit account only after opening a savings account with the bank.

2. What is the minimum deposit amount for a Citibank fixed deposit scheme?

   Rs.1,000 is the minimum deposit amount to open a Citibank FD.

3. What is the maximum interest rate one can get in CitiBank fixed deposit schemes?

   Interest rates of up to 7% are available with these schemes.

4. Does Citibank provide a nomination facility for its fixed deposit schemes?

   Yes, nomination facilities are available with all the fixed deposit schemes provided by the bank.

5. Are there any special benefits for senior citizens opening a fixed deposit with CitiBank?

   Yes, senior citizens opening a fixed deposit account with Citibank will receive an additional 0.50% interest rate.