.
  • Fixed Deposit BYTES FROM OUR KITCHEN

    Overview of CitiBank Fixed Deposit

    Citibank India, more widely known as Citi India commenced operations in Kolkata, West Bengal in the year 1902. It has since expanded across the length and breadth of the country with 44 full service branches in 28 cities. With about 45,000 small and mid-sized companies as clients, Citi India is now a significant foreign investor in the Indian financial market.

    Citi India had established Citicorp Overseas Software Ltd. and Iflex Solutions which were successfully acquired by Tata Consultancy Services in 2008 and Oracle in 2005 respectively. Citi India now has a thriving employee pool of 11,000 persons under the established wings of Institutional Clients Group (ICG) and Global Consumer Bank (GCB).

    Citi India is headquartered in the First International Financial Centre (FIFC) housed in a majestic eco-friendly building with an addition of two new green premises.

    About Citibank Fixed Deposits

    Citi India offers its customers fixed deposit accounts that are linked to either their Savings Account or their Current Accounts. Citi India presents depositors with a safe and secure method of investment in the form of a fixed deposit account. With Citi India’s proud history and stable financial background, investors can now be assured of the safety of the vested assets.

    Features of the Citi Bank Fixed Deposit Scheme

    Following are the features of the fixed deposit scheme offered by Citi India-

    • Zero entry cost
    • Short lock-in periods
    • Fast and easy liquidity option
    • Safe investment instrument
    • Tenures tailor made to suit customer requirements
    • Competitive rates of interest
    • Benefits of Higher Net Relationship Value (NAV)

    Benefits of having a Higher Net Relationship Value with Citibank

    Citi India offers its fixed deposit account holders with the privilege of having a Higher Net Relationship Value (NRV).

    Following are the benefits that can be reaped off of a NAV relationship-

    • Loans processed at lowered rates of interest
    • Loans processed at a faster pace
    • Promotional offers are applied from time to time
    • Credit cards are equipped with higher credit limits
    • Credit cards are equipped with higher withdrawal limits

    Eligibility for a Citi Bank Fixed Deposit Account

    In order to avail a fixed deposit account with Citi India, an individual must have the following-

    • Valid identity proof
    • Valid address proof
    • A permanent address
    • A telephone number

    Interest Rates Charged to a Citibank Fixed Deposit Account

    Interest rates on Citibank FDs range between 3% to 7.95% p.a. on deposit categories of amounts up to ₹ 10 crores. Interest rates vary depending on the tenure it is held for and the amount held. Interest rates are subject to change in line with market rate movements and the bank’s liquidity requirements. While the bank constantly tries to offer depositors the best rates on their savings, it is always advisable for investors to check rates that are applicable on renewal or when opening a new deposit account.

    What Is the Minimum Amount Required In Order to Open a Fixed Deposit Account with Citibank?

    The minimum amount that is required to open a fixed deposit account with Citi India is ₹ 1,000.

    What Is the Minimum and Maximum duration of a Fixed Deposit Account with Citibank?

    A fixed deposit account can be opened with Citi India for a minimum of 7 days and a maximum of 1096 days.

    Can a loan be issued against a Citibank Fixed Deposit Account?

    • Yes, Citi India offers an overdraft facility against its fixed deposit accounts.
    • Up to 90% of the fixed deposit amount can be availed as the loan amount.
    • Even family members of the fixed deposit holder can avail this facility.
    • You can maintain liquidity while retaining the returns on your vested assets.
    • The interest charged is on usage only.
    • Interest rates charged on the loan are competitive.
    • These loans against fixed deposits are simple and quick to avail.

    What Are the Benefits offered to Senior Citizens with Citibank Fixed Deposit Account?

    • Senior citizens are offered an interest rate of 0.5% over the rack rates across all tenures and amounts of fixed deposits.
    • A range of 4%- 7% is offered to senior citizens for short term fixed deposits.
    • A range of 7.5% - 8.25% is offered to senior citizens for long term fixed deposits.

    Does Citibank allow premature withdrawal of fixed deposits?

    Premature withdrawal of a term deposit will incur a penalty of 1%. The following are the charges for FCNR, NRE and NRO deposits.

    FCNR (B) Deposit

    Customers who terminate their FDs before one year (minimum tenure) will not receive any interest on the term deposits.

    NRE Deposits

    Customers will have to incur a preterm penalty. Conversion of NRE term deposit into FCNR (B) term deposit prior to maturity will be subject to penalty. If the customer wants to convert NRE deposit into RFC (Resident Foreign Currency) deposit, no penalty will charged if the NRE deposit has completed one year.

    NRO Deposits

    Customers have to incur a penalty for premature withdrawal, as mentioned in the terms and conditions in the policy document.

    Does Citibank offer FDs on NRI deposits?

    • Citibank offers NRE, NRO and FCNR deposits.
    • For FCNR deposits, maturity proceeds (principal and interest) are freely repatriable.
    • Customers can invest in six currencies such as US Dollar, British Pound Sterling or Euro.
    • Customers have the facility to apply for more deposits via the online mode.
    • Customers can avail of the nomination facility as well.

    Interest rates offered under FCNR deposits* are listed below:

    Tenure USD GBP EURO
    365 - 399 days 0.01 (APR) 0.01 (APR) 0.01
    400 - 410 days 1.68 (APR) 0.01 (APR) 0.01 (APR)
    730 - 1825 days 0.01 (APR) 0.01 (APR) 0.01 (APR)

    *FCNR Deposit Rates are subject to change. APR is Annual Percentage Rate

    Interest rates* offered under NRE deposits are listed below:

    Tenure Less than Rs. 1 crore
    365 - 400 Days 7.75% (APR)
    541 - 731 Days 7.50% (APR)
    1096 - 1825 Days 6.75% (APR)

    *Interest accrued is compounded quarterly for NRE deposits. Rates are subject to change

    Interest rates* offered under NRO deposits are listed below:

    Tenure Less than Rs. 1 crore
    7 - 10 Days 3.00%
    61 - 90 Days 7.75%
    121 - 150 Days 7.00%
    365 - 400 Days 7.75%
    1096 - 1825 Days 6.75%

    *Interest for NRO deposits is compounded quarterly and subject to tax deduction at source in India and the country of residence. Rates are subject to change.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    CitiBank Fixed Deposit Reviews

    • Citibank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I also have a fixed deposit with Citibank. I could get the clear details online. Though I would not be able to open this account through the mobile application. I can do it through the desktop. It has been a good experience till date and beneficial too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 15, 2019
    • Citibank Fixed Deposit
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      I have converted saving maintenance into FD account for the term of one year. I can prolong period based on my convenience, the rate of interest is average for the fixed deposit. However I have online option to open and close the fixed deposit account at any time.
      Was this review helpful? 3
      , bangalore
      Reviewed on Mar 11, 2019
    • Citibank Fixed Deposit
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      I had started this investment a pretty long time back and they had been providing a good service. Their customer support has not been responsive and i do not suggest any one to make an investment through them. There has not been a good growth with the investment.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 14, 2018
    • Citibank Fixed Deposit
      "Better"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the CITI bank and the rate of interest was not aware by my end. I would like to say that the online services are good one with the CITI bank. I am happy with them as such.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jun 13, 2018
    • Citibank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have a Fixed deposit with Citi bank. I recently started using Citi online net banking which is good. The online application for my Citi fixed deposit account is good. The process was been fast with Citi bank. It was an excellent experience with Citi bank savings account service.
      Was this review helpful? 1
      , pune
      Reviewed on Apr 25, 2018
    • Citibank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the CITI bank and the rate of interest is lesser one . I would like to say that the online banking services are good one too and am happy with the deposits in CITI bank.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 06, 2017
    • Citibank Fixed Deposit
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a fixed deposit from CITI as I have salary account with them I started the service and it was about 3.5 years I have started the service with CITI bank the payments where through online the CITI bank application was user friendly ,totally it was a very good experience with CITI bank fixed deposit service.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 29, 2017
    • Citibank Fixed Deposit
      "Simple"
      0.5 4.0/5 "Great!"
      Now -a -days everything comes online, this includes banking as well. I am able to open a FD online it is very easy to transfer funds online. I had placed a request for FD also I can close the FD online. I had got the FD receipt online and the interest which we can earn on the deposits are 10% with CITI.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 15, 2016
    • Citibank Fixed Deposit
      "Good "
      0.5 4.0/5 "Great!"
      I am having the fixed deposit with the CITI bank and the interest rate is good for me. The minimum lock in period is around five years of time. The returns are really good for me and I am using this deposit for tax saving purpose.
      Was this review helpful? 5
      , bangalore
      Reviewed on Feb 02, 2016
    • Citibank Fixed Deposit
      "Average"
      0.5 4.0/5 "Great!"
      CITI Bank FD is good. I am holding this FD for a period of one year. The only reason was my salary account was with the same bank. This CITI Bank FD was opened at the branch. There is no charges as such. I have got the FD certificate and the amount would be deducted from my account.,
      Was this review helpful? 5
      , lucknow
      Reviewed on Dec 12, 2015
    • Citibank Fixed Deposit
      "No additional charge for the deposit.."
      0.5 4.0/5 "Great!"
      Using banking services since 2004 and services are very good in Citibank. Rate of interest is normal as that is 7.5%. Within a second I will get amount if I do request for closing of the fixed deposit on online. I simply opened through online. They don't have any additional charge.
      Was this review helpful? 4
      , bangalore
      Reviewed on Nov 28, 2015
    • Citibank Fixed Deposit
      "Good but not excellent"
      0.5 3.0/5 "Satisfactory"
      With the CITI bank I have the fixed deposit for the rate of interest as 7 % to 8%. The services are good with them and the net banking account is also good, so I can track the account at any time according to the current state. I been with them for some long time. Minimum lock in period dint made me happy with them.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 23, 2015
    • Citibank Fixed Deposit
      "Citibank is an International bank..."
      0.5 5.0/5 "Blown Away!"
      Normally the interest rate on the fixed deposit is 8% and that is equal to all bank. Citibank is an International bank and they are very good in services so I have opted the fixed deposit with them. Ready credit for the fixed deposit is really useful and for that the interest rate is 13% per annum.
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 22, 2015
    • Citibank Fixed Deposit
      "Good !!!"
      0.5 5.0/5 "Blown Away!"
      Everything is good with Citibank and they are great in all the aspects. On fixed deposit the interest rate is 8.75% and this is for 5 years where the deposit can not break in middle. I have chosen compounding rate and it gets accumulate on every quarter. Entirely happy with Citibank fixed deposit.
      Was this review helpful? 8
      , new delhi
      Reviewed on Mar 11, 2015
    • Citibank Fixed Deposit
      "Best one"
      0.5 5.0/5 "Blown Away!"
      The best FD is with CITI Bank I would say as partial liquidation is possible. For example if we have placed the deposit for 1 lakhs we can break a part of the amount. For the amount what ever I hold they will provide interest. It only takes a few minutes to open this FD account online.
      Was this review helpful? 7
      , mumbai
      Reviewed on Mar 07, 2015
    • Citibank Fixed Deposit
      "Citi make life easy"
      0.5 4.0/5 "Great!"
      Dear All, I am using Citi bank from last 8 years and i am very satisfied customer. I am always using fixed deposit facility in Citi bank and it makes my life easy. Thank you Citi bank for developing user friendly application. I am planning to use this facility for many years and also suggesting users to use this feature.
      Was this review helpful? 3
      , bhopal
      Reviewed on Jan 05, 2015
    • Citibank Fixed Deposit
      "Service is tremendous!!"
      0.5 5.0/5 "Blown Away!"
      Citibank is very good in service and for investment purpose I took Fixed deposit two years ago but I already closed the deposit. Interest rate they offered was 8% at that time. I preferred Citibank for Fixed deposit because of their tremendous service and wonderful customer support.
      Was this review helpful? 3
      , mumbai
      Reviewed on Dec 17, 2014
    • Citibank Fixed Deposit
      "Service is wonderful"
      0.5 5.0/5 "Blown Away!"
      Citibank is too fast and services are pretty awesome. Benefits that I am getting from Citibank on Fixed deposit is around 9% so I would say it as high. At present I cannot recall that the interest is like compound else simple but satisfied in their offers. Customer service and response is appreciable so like recommending Citibank.
      Was this review helpful? 4
      , greater noida
      Reviewed on Dec 08, 2014
    • Citibank Fixed Deposit
      "Outstanding service"
      0.5 4.0/5 "Great!"
      Citibank is one of the best bank that I would say as they are giving good service to their clients. I got Fixed deposit 5 years ago and they are offering some discounts which I could not recollect now because my financier take care of all the things. Citibank offered some goodies on FD and interest rate is very good. Always I do recommend Citibank since they are outstanding in all the criterion.
      Was this review helpful? 3
      , delhi
      Reviewed on Dec 05, 2014
    • Citibank Fixed Deposit
      "Good in everything"
      0.5 5.0/5 "Blown Away!"
      My Fixed deposit with Citibank is short term where I opened it for six months and I planned to renew. Basis customer we can have FD for short term as well for long term for up to 5 years. Important feature is that there are no penalty charges and offering compound Interest for our money. Citibank won't make any fake promises and executives are very smart. Citibank service is incomparable as they are number one in all the aspects and as well in all the products like credit card, etc., Suppose we visit branch, they are amazing and staff are well versed and prompt.
      Was this review helpful? 2
      , new delhi
      Reviewed on Nov 29, 2014
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.