Citibank offers a range of fixed deposit schemes to choose from for all types of investment needs of an individual. So if you are looking for a short-term deposit or for a tax savings long-term deposit or a deposit that is flexible in nature allowing you to withdraw from the deposit account whenever you require cash funds, Citibank is the answer. The range of fixed deposit schemes is varied and diverse.
Citibank FD Rates 2020
| Tenure | Citibank Fixed Deposit Interest Rate | |
| Regular Citizens | Senior Citizens | |
| 7 to 14 days | 3.00% | 3.50% |
| 15-25 days | 3.25% | 3.75% |
| 26-35 days | 3.50% | 4.00% |
| 36-45 days | 4.00% | 5.00% |
| 46-90 days | 4.75% | 5.25% |
| 91-120 days | 4.50% | 5.00% |
| 121-150 days | 4.50% | 5.00% |
| 151-180 days | 4.50% | 5.00% |
| 181-270 days | 4.50% | 5.00% |
| 271 days – 364 days | 4.75% | 5.25% |
| 365-400 days | 4.75% | 5.25% |
| 401-540 days | 4.75% | 5.25% |
| 541-731 days | 4.75% | 5.25% |
| 732-1095 days | 4.75% | 5.25% |
| Of or above 1096 Days | 5.00% | 5.50% |
| 5 years Tax Saver | 5.00% | 5.60% |
Note: Interest rates effective from 16th March 2020. Deposit amount <Rs.1 crore.
NRE (Non-Resident External) Fixed Deposit Interest Rates
Tenure | Interest Rate on Fixed Deposits of up to less than Rs. 1 crore |
| 365 days – 400 days | 4.75% |
| 401 days – 540 days | 4.75% |
| 541 days – 731 days | 4.75% |
| 732 days – 1095 days | 4.5% |
| 1096 days and above | 5.00% |
NRO (Non-Resident Ordinary) Fixed Deposit Interest Rates
Tenure | Interest Rate on Fixed Deposits of up to less than Rs. 1 crore |
| 7 days – 10 days | 3.00% |
| 11 days – 14 days | 3.00% |
| 15 days – 25 days | 3.25% |
| 26 days – 35 days | 3.50% |
| 36 days – 45 days | 4.00% |
| 46 days – 60 days | 4.75% |
| 61 days – 90 days | 4.75% |
| 91 days – 120 days | 4.50% |
| 121 days – 150 days | 4.50% |
| 151 days – 180 days | 4.50% |
| 181 days – 270 days | 4.50% |
| 271 days – 364 days | 4.75% |
| 365 days – 400 days | 4.75% |
| 401 days – 540 days | 4.75% |
| 541 days – 731 days | 4.75% |
| 732 days – 1095 days | 4.75% |
| 1096 days and above | 5.00% |
FCNR (Foreign Currency Non-Resident) Fixed Deposit Interest Rates
Tenure | USD | GBP | EUR | JPY | CAD | AUD |
| 365 days – 399 days | 2.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| 400 days – 410 days | 1.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| 411 days – 729 days | 1.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| 730 days – 1825 days | 1.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Note: All figures in % per annum.
Types of Citibank Fixed Deposit Schemes
Citibank offers the following types of fixed deposit accounts to its customers.
- Citibank Fixed/Term Deposit
- Citibank Multi/Flexible Deposit
- Citibank Senior Citizens Deposit
- Citibank Tax Saver Deposit
Citibank Fixed/Term Deposit
Citibank Fixed/Term Deposit allows customers to deposit money for a fixed period of time at a fixed interest rate. Below are some of the features of the fixed deposit scheme:
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Citibank Multi/Flexible Deposit
Citibank Multi/Flexible Deposit scheme is a flexible deposit scheme that promises high returns and at the same time provides liquidity wherein the customer can withdraw funds whenever required. The features of the account are as follows:
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Citibank Senior Citizens Deposit
Citibank Senior Citizens Deposit is specially designed for senior citizens offering higher rates of interest as compared to FDs for other individuals. The features of this scheme are as follows:
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Useful Article: Senior Citizen Fixed Deposit Interest Rates
Citibank Tax Saver Deposit
Citibank Tax Saver Deposit scheme is especially designed for tax saving purposes with a defined tenure. The features of this deposit scheme are as follows:
| Features of Citibank Tax Saver Deposit |
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Also Read: Tax Saver FD Interest Rates
High Net Relationship Value Benefits
The bank promises a unique benefit to its customers in the form of Net Relationships Value. Individuals having multiple businesses with the bank are treated as high Net Relationship Value customers. To enable customers to enjoy the benefits of this scheme, deposit accounts are opened through the existing Savings account or Current account which increases the Net Relationship Value of a customer and entitle him to various benefits like – lower rates of loans and quick processing, special promotional offers which are available from time to time, higher credit limits and withdrawal limit on cards and a dedicated relationship manager.
Citibank FD Calculator
Before making investments in Citibank fixed deposits, the depositor should use the Citibank FD calculator to check the amount he would receive on maturity. The user has to enter details such as the investment amount, tenure and rate of interest to get the interest and maturity amount.
Applying for a Citibank Fixed Deposit Account
Any individual who wants to invest in a Fixed Deposit account with the bank can do so easily in two ways:
- For existing account holders
Opening a fixed deposit account online is very easy for existing account holders of the bank. They simply need to visit the website, enter their details and apply for a fixed deposit account.
- For new customers
Individuals who do not have any account with the bank, investing in a fixed deposit scheme of the bank is possible only when they open an account with Citibank. They will first have to apply for a savings account after which they can easily open a fixed deposit account.