Citi Bank 2024 Interest Rate For FD-Interest on FDs from Citibank ranges from 2.10-7.77 percent per annum. to the general public and 2.60 to 8.27 percent per year to seniors with tenures ranging from seven days to ten thousand nine hundred days. The Citibank Tax Saving FD has an annual interest rate of 3.50 percent. for depositors from the general public with five-year tenures. For non-resident aliens, the bank also offers a variety of fixed deposit products, including NRO, NRE, and FCNR fixed deposits. US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Japanese Yen (JPY), Australian Dollar (AUD), and Canadian Dollar (CAD) are all accepted as FCNR fixed deposits by Citibank.
Citi Bank 2024 Interest Rate For FD
With no entry fee, short lock-in periods, and quick liquidity options, Citibank Deposits make saving simple. Opt. for any of the below-mentioned safe and secure growth instruments that complement your financial plans.
Citi Bank 2024 Interest Rate For FD Details
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Interest rate on a Citibank savings
The interest rate on a Citibank savings account is currently 0.06%, and will be subject to change. The interest rate is determined by the bank, and may differ from one location to another.
Prevailing Market Conditions
These rates are based on the financial condition of the bank and its overall health, as well as prevailing market conditions. The interest rate may also fluctuate over time, so it’s important to check the current rate before making any financial decisions. The interest rate is generally higher for higher balances.
Private sector banks Offers & Interest Rates List Updated
Among private sector banks, Citibank is a popular bank. Citibank offers numerous deposit options. Citibank Fixed Deposits (FDs) have interest rates starting at 2.10% per annum. to 7.77% p.a. An FD scheme with tenures ranging from 7 days to more than 1096 days is available. The Citibank FD rate is the highest at 7.77% per annum. for a maturity time between 91 and 150 days.
Citi Bank offers FDs
Citi Bank offers FDs in different terms from 1 year to 30 years, so you can choose the term that best suits your financial needs. Fixed-income securities such as the Citi Bank 2024 Interest Rate For FD are typically used for retirement income or to hedge against inflation risk. They may also be useful for people with low to moderate risk tolerance who want to diversify their portfolio without taking on too much risk.
Types of Citibank Fixed Deposit Schemes
A recurring deposit is similar to a fixed deposit in that it allows you to set aside money for a specific purpose but with the added flexibility of being able to withdraw funds at any time without penalty. This type of deposit may be especially useful if you need to make regular payments or expenses but do not have enough money saved up to make those payments all at once.
Variable deposits
Variable deposits are like recurring deposits but with shorter maturities and more flexibility in when you can withdraw them. These types of deposits may also be useful if you need to make regular payments or expenses but do not have enough money saved up to make those payments all at once.
Fixed / Term Deposit
- Minimum deposit: Rs 1,000
- Minimum tenure: 7 days
- Customers with current accounts have access to an overdraft facility for up to 90% of their deposit.
- Interest options include: Quarterly Compounded Interest/Simple Interest Payout
Multi / Flexible Deposit
- Depositors can withdraw multiples of Rs 1,000 under this plan without losing their entire deposit.
- Minimum deposit: Rs 1,000
- Minimum tenure: 7 days
- Interest options: Simple Interest Quarterly Payout/Quarterly Compounded Interest
Read More- Bank Of Baroda 2024 Interest Rate For FD
Senior Citizen Deposit
- Senior citizens are offered an additional interest rate of 0.50 percent per year under this plan.
- on deposits less than Rs. 2 crore, the deposit is linked to the savings account to provide the depositor with a higher Net Relationship Value (NAV).
- Minimum deposit: Rs 1,000
- Minimum tenure: 7 days
Tax Saver Deposit
- Under Section 80C, each financial year, deposits made under this scheme are eligible for a tax deduction of up to Rs 1.5 lakh.
- Minimum deposit: Rs 1,000
- Tenure: 5 years (lock-in period)
- Interest options: Simple Interest Quarterly Pay-out/Quarterly Compounded Interest
Click Here- IDFC Bank 2024 Interest Rate For FD
Non-Resident External Deposit (NRE) Deposits
- Eligibility: NRIs and PIOs
- Minimum deposit: Rs 80,000
- Tenure: 365 days (1 year) to 1825 days (5 years)
- Depositors have the option of choosing any one of the following interest options, with the principal amount and earned interest both fully repatriable:
- A rupee checking account can choose a simple interest option,
- with interest accruing monthly and being paid quarterly.
- A compound interest option, with interest accruing every 90 days and being paid at maturity, has an automatic rollover option. Funds transfer:
- Outside of India Inside of India: Only from an NRE/FCNR account or current income, with the necessary documentation submitted
Non-Resident Ordinary Deposit (NRO)
- Eligibility: NRIs and PIOs
- Minimum deposit: Rs 80,000
- Tenure: 7 days to 1825 days (5 years)
- In each fiscal year (April-March), the RBI only allows repatriation for current income of up to USD 1 million, after taxes have been paid. Depositors can choose any of the following interest options:
- The rupee checking account can choose a simple interest option, with interest accruing monthly and being paid quarterly.
- The compound interest option, with interest accruing every 90 days and being paid at maturity, has an automatic rollover option.
- Funds transfer: Outside of India Inside of India: from Indian income sources or a NRE, FCNR, or NRO account
Check Also-ICICI Bank 2024 Interest Rate For FD
Foreign Currency Non-Resident (FCNR) Deposits
- Eligibility: NRIs and PIOs
- Minimum deposit: USD 2,000 or equivalent
- Tenure: 365 days (1 year) to 1825 days (5 years)
- Both the principal amount and interest earned are fully repatriable
- The interest is compounded every 180 days and is paid on maturity
- Automatic Roll over option is available
Citibank Term Deposit Rates: Below Rs.2 crore
The interest rates for Citibank Time Deposits below Rs.2 crore can be found in this table:
| Tenure | For General Public (p.a.) | For Senior Citizen (p.a.) |
| 7 days to 14 days | 2.10% | 2.60% |
| 15 days to 35 days | 2.15% | 2.65% |
| 36 days to 90 days | 3.50% | 4.00% |
| 91 days to 150 days | 7.77% | 8.27% |
| 151 days to 180 days | 3.50% | 4.00% |
| 181 days to 270 days | 7.25% | 7.75% |
| 271 days to 400 days | 7.25% | 7.75% |
| 401 days to 540 days | 3.50% | 4.00% |
| 541 days to 731 days | 3.50% | 4.00% |
| 732 days to 1095 days | 3.50% | 4.00% |
| 1096 days and above | 3.50% | 4.00% |
Also Read-Axis Bank 2024 Interest Rate For FD
Citibank Term Deposit Rates: Above Rs.2 crore to Rs.10 crore
| Tenure | Rs.2 crore to less than Rs.3 crore (p.a.) | Rs.3 crore to less than Rs.5 crore (p.a.) | Rs.5 crore to less than Rs.8 crore (p.a.) | Rs.8 crore to Rs.10 crore (p.a.) |
| 7 days to 14 Days | 2.55% | 3.40% | 2.55% | 3.50% |
| 15 days to 35 days | 2.55% | 2.55% | 2.55% | 2.55% |
| 36 days to 180 days | 3.00% | 3.00% | 3.00% | 3.00% |
| 181 days to 270 days | 3.00% | 3.50% | 3.00% | 3.50% |
| 271 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% |
What is the Deposit FD Calculator?
The depositor should use the FD calculator to determine the amount he would receive upon maturity prior to opening a fixed deposit account. To obtain the interest and maturity amount, the user must enter information such as the investment amount, tenure, and interest rate.
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