|Deposit period||Interest rate (Per annum) on deposits less than Rs. 1 crore|
|365 - 400 Days||6.25%|
|401 - 540 Days||6.25%|
|541 - 731 Days||6.25%|
Get the Best Rates for a Citibank Recurring Deposit
Citibank has been in India for well over a decade providing excellent banking products and services to millions of customers. Citibank offers appealing recurring deposit schemes to its customers which makes saving money much easier. You can open a recurring deposit with as low as Rs. 1,000 per month. You can deposit a maximum of Rs. 20,000 per month. The tenures offered range from 12 months to 24 months. The most convenient feature of the Citibank Recurring Deposit is that the money will be automatically debited from your bank account based on a standing instruction set by you. When you book a Citibank RD, the rate of interest prevailing at the time of initiating the deposit will be applicable throughout the whole tenure. Citibank recurring deposits are available only to existing customers who hold a Citibank account. If you do not have a Citibank account, you can apply for one easily online.
Citibank Short Term Recurring Deposit Interest Rates
Customers can open recurring deposits with Citibank for a minimum tenure of 365 days. A short term tenure of 365 days to 400 days will fetch you an interest of 7% per annum for deposits below Rs. 1 crore. The yield would be 7.19%.
Citibank Medium and Long Term Recurring Deposit (RD) Interest Rates
Citibank offers recurring deposits for a maximum tenure of 24 months. A medium term RD of 401 - 540 days will attract the same interest rate as a short term RD, i.e., 7% per annum. But the yield on the total deposit will be slightly higher at 7.21%. If you choose to deposit money for a period of 541-731 days, you will get a much higher rate of interest of 7.25%. The yield on the long-term RD will be 7.58%.
More you need to know about Recurring Deposit
- Citibank Recurring Deposit
- Recurring Deposit
- Compare Recurring Deposit Interest Rates of CitiBank with Other Banks and Institutions