CitiBank Fixed Deposit Rates - 2021

Citibank is a popular bank within the private sector banks. Citibank offers a wide range of deposit schemes. The interest rates for Citibank Fixed Deposits (FDs) are from 1.85% p.a. to 3.50% p.a. One can pick an FD scheme with tenures between 7 days and more than 1096 days. The highest Citibank FD rate is 3.50% p.a. for a maturity period of more than 732 days.

Citibank Fixed Deposit Rates: Under Rs.2 Crore - General Public

The interest rates for Citibank Time Deposits below Rs.2 crore can be found in this table:

Tenure For General Public (p.a.) For Senior Citizen (p.a.)
7 days to 14 days 1.85% 2.35%
15 days to 35 days 1.90% 2.40%
36 days to 180 days 2.55% 3.05%
181 days to 270 days 2.60% 3.10%
271 days to 540 days 2.75% 3.25%
541 days to 731 days 3.00% 3.50%
732 days to 1095 days 3.50% 4.00%
1096 days and above 3.50% 4.00%

Note: The Citibank FD interest rates are subject to change at the discretion of the bank. The interest rates mentioned in the above table are applicable as of 25 August 2021.

Citibank Term Deposit Rates: Above Rs. 2 Crore

Tenure Rs.2 crore to less than Rs.3 crore Rs.3 crore to less than Rs.5 crore Rs.5 crore to less than Rs.8 crore Rs.8 crore to Rs.10 crore
7 days to 14 Days 2.00% p.a. 2.85% p.a. 2.00% p.a. 2.95% p.a.
15 days to 35 days 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
36 days to 180 days 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
181 days to 270 days 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
271 days to 540 days 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
541 days to 731 days 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
732 days to 1095 days 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
1096 days and above 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.

Note: The Citibank FD interest rates are subject to change at the discretion of the bank. The interest rates mentioned in this table are applicable as of 25 August 2021.

Citibank Tax Saver Fixed Deposit Rates

Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
5 years 3.50% p.a. 4.00% p.a.

Note: The Citibank Tax Saver FD rates are subject to change at the discretion of the bank. The interest rates mentioned in this table are applicable as of 25 August 2021.

Citibank NRE Deposit Rates

The Citibank NRE FD interest rates are shown in the table here:

Tenure Below Rs.2 crore Rs.2 crore to less than Rs.3 crore Rs.3 crore to less than Rs.5 crore Rs.5 crore to less than Rs.8 crore Rs.8 crore to Rs.10 crore
365 days to 400 Days 2.75% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
401 days to 540 Days 2.75% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
541 days to 731 Days 3.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
732 days to 1095 Days 3.50% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
1096 days and above 3.50% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.

Note: The Citibank NRE Fixed Deposit rates are subject to vary as per the discretion of the bank. The current rates are applicable as of 25 August 2021.

Citibank NRO Deposit Rates

Tenure Below Rs.2 crore Rs.2 crore to less than Rs.3 crore Rs.3 crore to less than Rs.5 crore Rs.5 crore to less than Rs.8 crore Rs.8 crore to Rs.10 crore
7 days to 14 Days 1.85% p.a. 2.00% p.a. 2.85% p.a. 2.00% p.a. 2.95% p.a.
15 days to 35 days 1.90% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
36 days to 180 days 2.55% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
181 days to 270 days 2.60% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
271 days to 540 days 2.75% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
541 days to 731 days 3.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
732 days to 1095 days 3.50% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.
1096 days and above 3.50% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a. 2.00% p.a.

Note: The Citibank FD interest rates are subject to change at the discretion of the bank. The interest rates mentioned in this table are applicable as of 25 August 2021.

Citibank FCNR (B) Deposit Rates

One can find the Citibank FCNR (B) Fixed Deposit rates in the following table for the respective foreign currency:

Maturity Period GBP EURO USD Jap Yen Australian Dollar Canadian Dollar
1 year to 399 days 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
400 days to 410 days 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
411 days to 729 days 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
730 days to 1825 days 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%

Note: The Citibank FCNR (B) FD rates are subject to vary as per the discretion of the bank. The current rates are applicable as of 25 August 2021.

**GBP- Pound Sterling, EURO-Euro, USD- US Dollar, Jap Yen- Japanese Yen, Australian $- Australian Dollar and Canadian $- Canadian Dollar.

Features & Benefits of CitiBank Fixed Deposits

The features and benefits of CitiBank Fixed Deposits are:

  • You can open a fixed deposit account by depositing as low as Rs.1,000.
  • You can withdraw money from your FD account as and when you need it.
  • Attractive interest rates are offered.
  • The process to open a CitiBank FD account is extremely easy and hassle-free. You can open an FD account both online and offline.
  • Minimum tenure of 7 days offered.

Eligibility criteria and Documents Required

Eligibility

  • Should be a citizen of India
  • Members of Hindu Undivided Family (HUFs) can also open a CitiBank FD account.
  • Employees working for private organisations.
  • Local governing bodies.
  • Trust accounts.
  • Business firms.
  • Government departments.

Documents

  • Proof of identity such as PAN Card, Aadhaar, etc.
  • Proof of address such as Aadhaar, utility bills, etc.
  • Proof of age such as birth certificate, voter ID card, matriculation certificate, etc.
  • Details of your bank account.
  • Your passport size photographs.

Citibank Domestic Term Deposits: Types

  • Citibank Fixed Deposits or Citibank Term Deposits
  • Citibank Senior Citizens Deposits
  • Citibank Tax Saver deposits

CitiBank Loan against FD

You can avail up to 90% of your fixed deposit as loan in case of any financial requirements. Some of the features of CitiBank Loan against FD are given below:

  • Easy documentation process.
  • >
  • A brilliant source of finance especially when you are in need of cash.
  • Competitive rate of interest charged only on usage.
  • Cash deposits available can held by the members of your family.
  • You will enjoy 24x7 access to your account, a cheque book, and an ATM card.
  • Avail a loan of up to 90% of your deposit subject to a minimum of Rs.1 lakh.

Eligibility

  • You should be aged 21 years and above.
  • Stock brokers.
  • Sole Proprietorship and Partnership firms.
  • Closely held Public Limited Companies.
  • Private Limited Companies.

How to apply

  • Fill the application form.
  • Get in touch with your bank’s relationship manager.
  • Submit the necessary documents.

Nomination Facility on Citibank FD

Nomination Facility is available. Under this facility, in case of the death of the depositor, the nominee will receive the claim amount.

FAQs on CitiBank Fixed Deposit Rates

  1. What is the tenure of CitiBank Tax Saver Deposit Scheme?

    The tenure for CitiBank Tax Saver Deposit Scheme is 5 years.

  2. Can a customer open an FD account online in CitiBank?

    Yes, a customer can open an FD account online in CitiBank.

  3. Is a loan facility available against FD account at CitiBank?

    Yes, loan against FD facility is available.

  4. In how many years FD will double in CitiBank?

    The maturity amount you will receive will depend on the deposit amount and the tenure chosen by you, based on which you will earn interest on it.

  5. What is the minimum amount an account holder can keep in CitiBank fixed deposit account?

    A person can hold only one FD account with CitiBank in their name.

  6. Did CitiBank increase FD rates in 2021?

    Yes, CitiBank revised their FD rates for the year 2021. Depending on various factors, CitiBank like many lenders can revise their FD rates.

  7. Is premature withdrawal facility available for CitiBank fixed deposit?

    Yes, premature withdrawal facility is available for CitiBank fixed deposit.

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