Citibank NRO/NRE/FCNR FD Rates
Citibank no longer offers retail deposit products in India. Citi's India consumer banking business, including NRI deposits, was transferred to Axis Bank on 1 March 2023, and former Citibank NRE, NRO and FCNR deposits are now held with Axis Bank. The rates shown below are historical and are retained for reference only (as of September 2026). NRIs should refer to Axis Bank's current NRE, NRO and FCNR deposit rates, which cover tenures from 7 days to 10 years.
While the interest earned from the NRE and FCNR deposits are exempt from income tax in India, for NRO accounts the interest earned is subject to Tax Deducted at Source (TDS).
The principal and interest are fully repatriable for NRE and FCNR deposits while for NRO deposits it is for the current income up to $1 million per financial year.
Citibank NRE Fixed Deposit Rates Less Than Rs.2 Crore
Citibank NRE fixed deposit rates for amounts of less than Rs.2 crore is as given below:
Tenure | Below Rs.2 crore |
365 days to 400 Days | 7.25% |
401 days to 540 Days | 3.50% |
541 days to 731 Days | 3.50% |
732 days to 1095 Days | 3.50% |
1096 days and above | 3.50% 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 06 February 2023.
Citibank NRE FD Rates Rs.2 Crore to Less Than Rs.10 Crore
Citibank NRE fixed deposit rates for amounts of Rs.2 crore to less than Rs.3 crore is as given below:
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 |
365 days to 400 Days | 3.00% | 3.50% | 3.00% | 3.50% |
401 days to 540 Days | 3.00% | 3.50% | 3.00% | 3.50% |
541 days to 731 Days | 3.00% | 3.50% | 3.00% | 3.50% |
732 days to 1095 Days | 3.00% | 3.50% | 3.00% | 3.50% |
1096 days and above | 3.00% | 3.50% | 3.00% | 3.50% |
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 06 February 2023.
Citibank NRO Fixed Deposit Rates Less Than Rs.2 Crore
Citibank NRO fixed deposit rates for amounts of less than Rs.2 crore is as given below:
Tenure | Below Rs.2 crore Interest Rates (p.a.) |
7 days to 14 Days | 2.10% |
15 days to 35 days | 2.15% |
36 days to 90 days | 3.50% |
91 days to 150 days | 7.77% |
151 days to 180 days | 3.50% |
181 days to 270 days | 7.25% |
271 days to 400 days | 7.25% |
401 days to 540 days | 3.50% |
541 days to 731 days | 3.50% |
732 days to 1095 days | 3.50% |
1096 days and above | 3.50% |
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 6 February 2023.
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FAQs on CitiBank NRI Fixed Deposit (FD)
1.What is the minimum tenure I can have a fixed deposit for with Citibank?
Your minimum tenure for a Citibank fixed deposit scheme is 7 days.
2.What is the interest rate I can get on my fixed deposit with Citibank from Rs.3 crore to Rs.5 crore?
The interest rate of Citibank's fixed deposit scheme to regular individuals for Rs.3 crore to Rs.5 crore is 2.00%, for a tenure from 7 days to 1825 days.
3.How much interest will I earn on my deposit less than Rs.2 crore for 401 to 540 days?
You will earn 2.75% for a Citibank deposit less than Rs.2 crore for 401 to 540 days.
4.Can I apply for Citibank fixed deposit through internet banking?
Yes, as an account holder with Citibank, you can apply for a Citibank fixed deposit with internet banking.
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