Citibank FD Rates

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	4.50%	5.00%
46-90 days	4.75%	5.25%
91-120 days	5.50%	6.00%
121-150 days	6.25%	6.75%
151-180 days	6.00%	6.50%
181-270 days	7.00%	7.50%
271 days – 364 days	6.25%	6.75%
365-400 days	6.25%	6.75%
401-540 days	7.25%	7.75%
541-731 days	6.00%	6.50%
732-1095 days	7.50%	8.00%
>= 1096 days	6.00%	6.50%
5 years Tax Saver	6.00%	6.50%

Note: Interest rates effective from Dec. 7, 2018. Deposit amount <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	6.25%
401 days – 540 days	7.00%
541 days – 731 days	6.00%
732 days – 1095 days	6.00%
1096 days and above	6.00%

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	4.50%
46 days – 60 days	4.75%
61 days – 90 days	4.75%
91 days – 120 days	5.50%
121 days – 150 days	6.25%
151 days – 180 days	6.00%
181 days – 270 days	6.25%
271 days – 364 days	6.25%
365 days –  400 days	6.25%
401 days – 540 days	7.00%
541 days – 731 days	6.00%
732 days – 1095 days	6.00%
1096 days and above	6.00%

FCNR (Foreign Currency Non-Resident) Fixed Deposit Interest Rates

(% per annum)

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	2.00	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

Citibank offers the following types of fixed deposit accounts to its customers.

1. Citibank Fixed/Term Deposit
2. Citibank Multi/Flexible Deposit
3. Citibank Senior Citizens Deposit
4. 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:

Features of Citibank Fixed/Term Deposit

Minimum deposit amount – ₹ 1,000

Minimum term of deposit is 7 days

Overdraft of up to 90% for individuals with current accounts

Nomination facility available

Interest rate available up to 7.00%

Senior citizens get an additional interest rate of 0.50%

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:

Features of Citibank Multi/Flexible Deposit

Minimum deposit amount – ₹ 1,000

Minimum term of deposit is 7 days

Instant and easy access to funds

Overdraft of up to 90% for individuals with current accounts

Auto transfer facility to meet minimum balance in the savings or current account

Nomination facility available

Interest rate available up to 7.00%

Senior citizens get an additional interest rate of 0.50%

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:

Features of Citibank Senior Citizens Deposit

Minimum deposit amount – ₹ 1,000

Minimum term of deposit is 7 days

No TDS will be deducted on submitting form G or form H along with PAN card details

Nomination facility available

Interest rate available up to 7.50%

Senior citizens get an additional interest rate of 0.50%

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

Minimum deposit amount – ₹ 1,000

Lock-in period – 5 years

Maximum deposit amount every year – ₹ 1,50,000

Nomination facility available

No partial or premature withdrawal is allowed in this scheme

Pre-closure is allowed only in case of the death of the depositor

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.

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.

Any individual who wants to invest in a Fixed Deposit account with the bank can do so easily in two ways:

1. 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.

2. 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.