4,80,000 people visited this section in last 30 daysApply Online

MyLoanCare - Baat Aapke Interest Ki

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Citibank FD Interest Rates 2021

Citibank FD Interest Rates

Last Updated 05th Jul 2021

When it comes to the FD interest rate, the highest rate offered on Citibank FD is 3.50%. Latest Citibank FD interest rate for senior citizens, on the other hand ranges between 2.90% to 4.00%.

Tenure FD interest rates Senior Citizen FD interest rates
7 days to 35 days 2.40% 2.90%
36 days to 45 days 2.55% 3.05%
46 days to 90 days 2.55% 3.05%
91 days to 120 days 2.55% 3.05%
121 days to 150 days 2.55% 3.05%
Earn upto 6.95% on FD APPLY NOW

Citibank Fixed Deposit Features

Citibank FDs are one the best investment options available for depositors who are looking to invest in a fixed income instrument and earn higher returns than the savings account. Key Features of Citibank Fixed Deposit are:

  • Deposit Amount : Citibank FD can be opened with an amount as a low ₹ 1,000 to up to No Limit.
  • FD Tenure : Ranges between 7 days to 1825 days.
  • Interest Rate Range : 2.40% p.a. to 3.50% p.a.
  • Senior Citizens FD Rate : 2.90% p.a to 4.00% p.a.
  • Highest Interest Rate : As per today’s rate, Citibank’s highest interest rate on FD is 3.50% offered for a tenure of 1825 days.
  • Safety of Citibank Deposits : Citibank deposits are covered under the Deposit Insurance Scheme of RBI in which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC.
  • Loan against FD : Citibank provides loan against FD to help its depositor meet their liquidity requirements without breaking the FD.
  • Auto- Renewal Facility : Available
  • Nomination Facility : Available
  • Popular FD Schemes : Regular Fixed Deposits, Multi Deposits, Senior Citizens Deposit, Citibank Tax Saver Deposits

Citibank FD Interest Rates Today

Interest rates on Citibank deposits are updated regularly by the Government of India. The following are updated Citibank FD interest rates 2021:

Tenure Interest Rate
7 days to 35 days 2.40%
36 days to 45 days 2.55%
46 days to 90 days 2.55%
91 days to 120 days 2.55%
121 days to 150 days 2.55%
151 days to 180 days 2.55%
181 days to 270 days 2.60%
271 days to 400 days 2.75%
401 days to 540 days 2.75%
541 days to 731 days 3.00%
732 days to 1095 days 3.50%
1096 days to 1825 days 3.50%

Citibank FD Rates for Senior Citizens

With an aim to attract senior citizens above the age of 60 years to invest in the fixed deposits, Citibank offers a higher interest rate to senior citizens than the general public. Listed below are the Citibank fixed deposits interest rates for senior citizens 2021:

Tenure Interest Rate for senior citizens
7 days to 35 days 2.90%
36 days to 45 days 3.05%
46 days to 90 days 3.05%
91 days to 120 days 3.05%
121 days to 150 days 3.05%
151 days to 180 days 3.05%
181 days to 270 days 3.10%
271 days to 400 days 3.25%
401 days to 540 days 3.25%
541 days to 731 days 3.50%
732 days to 1095 days 4.00%
1096 days to 1825 days 4.00%

Best FD Plan as per Citibank FD Rates

To invest in Citibank fixed deposit, you must compare Citibank Fixed Deposit Rates for varying tenures. Citibank FD Interest Rates 2021 are best for the deposits with a tenure of 2 years 2 days to 5 years, wherein the current Citibank Fixed Deposit Interest Rates is 3.50 p.a.

If you are looking to invest in short term deposits with Citibank, the interest rate of Citibank for FD ranges from 2.40% p.a. to 2.60% p.a. These deposits are known as short term deposits and are offered with a tenure of 7 days to less than 365 days. Short term Citibank Fixed Deposit Rates for senior citizens range from 2.90% to 3.10% p.a.

If you want to invest in long term deposits, Citibank Fixed Deposit Rates with tenure ranging from 5 years to 1825 days are a good choice with interest rates on deposits at 3.50%.Citibank Senior citizens FD Rates are offered at special rates with the highest deposit rates of4.00% p.a. on long term FDs.

Below-mentioned is some of the benefits of opening an FD account in Citibank:

  • Interest on deposit is paid only at the time of the maturity
  • Citibank also offers a nomination facility on its fixed deposits.
  • Extra interest of 0.25% to 0.50% is payable to the senior citizens.
  • Availability of auto-renewal facility on the deposit.
  • Earn higher returns on the money deposited.

Documents required to open Fixed Deposit Account in Citibank

  • Basic KYC documents such as PAN Card, Aadhar card.
  • 2 Photographs
  • Age proof (Birth certificate, matriculation certificate, etc,)
  • Passport size photographs
  • Bank A/c details

Citibank Fixed Deposit Rates – Premature Withdrawal

You can close your Citibank FD account prematurely, however Citibank charges a penalty of 1% for premature withdrawal. Also, The penal provisions for premature closure on Citibank FD are subject to change from time to time and may also vary with deposit schemes.

Loan against Fixed Deposit Citibank

Citibank offers loans up to 90% against its own deposit. Note that Citibank will not give you loan against FD of any other bank. Citibank offers Loan against FD at the rate of 3.4% to 4.5%

Illustration - Mr. Rahul has opened a fixed deposit of ₹ 1,00,000 for 2 years in Citibank. The borrower later decided to take a loan against his FD. The bank has approved a credit limit of 90% against his FD at 10% interest rate. Now, if the borrower draws ₹ 90,000 on the first of the month and then repays the money on the 1st of next month, then he is supposed to pay the interest on ₹ 90,000 available for 1 month only. The amount he repays after 1 month is ₹ 90,744. So, the interest charged on the loan taken is ₹ 744.

FD Account Opening Process at Citibank

To open an Citibank Fixed Deposit, follow the steps as mentioned below:

  • Visit the official website of Citibank and log in to your FD account.
  • From the menu, choose the Fixed Deposit option, the Type of FD you want to open and click on proceed.
  • Enter the deposit amount and select the ‘Senior Citizen’ option if you are above 60.
  • Now, choose the deposit tenure and interest payout frequency.
  • Finally, click on Submit to open the Citibank FD after reading the terms and conditions.

To open a Fixed Deposit account in Citibank, you can visit the official website and login to your account. Choose the Fixed Deposit option from the menu and select the Type of FD you want to open and proceed. After this, you have to fill the deposit amount and select ‘Senior Citizen’ option if you are above 60. You have to choose the tenure of deposit and interest payout frequency. Click on Submit to open the Citibank FD after reading the terms and conditions.

Nomination Facility on Citibank FD

Citibank also offers a nomination facility on Fixed Deposit to claim the amount in case of the depositor's death. You can file the details of only 1 nominee when opening an Citibank FD account. The nominee has to submit his/her identification proof at the time of claim.

Citibank Fixed Deposit Scheme

Regular Fixed Deposits

Description:

  • Under this scheme, the depositor is allowed to make investment into the deposit to earn attractive and higher returns along with a flexibility and security.
  • Loan facility upto 90 per cent is available on the deposit while 75 per cent to the third party deposit
  • Nomination facility available
  • Earn higher returns on the money deposited
  • Interest on deposit is paid only at the time of the maturity

Who is eligible?

  • Resident Indians, private or public limited company, hindu undivided family, trust and partnership firm
Multi Deposits

Description:

  • A flexible deposit scheme which promises higher returns and at the same time provides liquidity wherein the customer can withdraw funds whenever required.
  • Interest on deposit is compounded quarterly
  • Earn attractive interest rate on your deposit

Who is eligible?

  • Resident Indians, private or public limited company, hindu undivided family, trust and partnership firm
Senior Citizens Deposit

Description:

  • Specially designed account for senior citizens offering higher rates of interest as compared to accounts for other individuals.
  • Opportunity to earn higher rate of interest
  • Nomination facility available
  • Convenience of booking deposit through internet banking for RBL account holders
  • TDS facility available on the deposit

Who is eligible?

  • Resident Indians above 60 years of age
Citibank Tax Saver Deposits

Description:

  • The scheme has been designed to help the resident individuals, HUFs, minors and senior citizens to save tax along with great returns by investing into this fixed deposit.
  • Interest will be compounded on a quarterly basis
  • Nomination facility available
  • Interest on the deposit is liable to tax / TDS
  • Availability of auto renewal facility

Who is eligible?

  • Resident Indians and hindu undivided family

FAQs

What is the highest fixed deposit interest rate for Citibank?

You can earn a maximum interest of 3.50% on Citibank fixed deposit.

Are there any special rates for senior citizens FD of Citibank?

Yes, senior citizens get a higher rate on their deposits compared to FD rates. The rate of regular FD are in the range of 2.40% to 3.50%. Compared to this, Citibank senior citizens FD are in the range of 2.90% to 4.00%.

What are the current Citibank FD interest rates 2021?

Current interest for FD in Citibank ranges between 2.40% - 3.50%.

Is there any minimum amount that I have to give for opening a Fixed Deposit with Citibank?

The minimum deposit amount required to book an FD with Citibank is ₹ 1,000.

Is it possible to change the tenure of my existing fixed deposit account with Citibank?

No, it is not possible to alter the tenure selected for the fixed deposit account once the account is opened. However, you may close your existing fixed deposit account and can open a new account with a desired tenure of your choice.

What are the implications of opening an FD bank account without having PAN?

Following are the implications for the customers opening an FD account with Citibank without their PAN card

  • Your TDS will be deducted at the rate of 20% as against 10% under section 206AA
  • NO TDS credit from the Income Tax department
  • NO TDS certificate will be issued
  • Form 15G/H and other exemption certificates will be invalid and penal TDS will apply

Can a customer open an FD account online in Citibank?

Yes, you can submit your application for opening an FD account on the website of Citibank. After submitting the application, you will be contacted by the bank’s representative for the further process, which includes filling an application process and submitting KYC documents.

In how many years FD will double in Citibank?

The interest rate on FD depends upon the tenure you choose. To know the time period in which your FD amount will get doubled, you need to divide 72 the 3.50%. For Citibank FD the number of years in which your FD will get doubled is; 72/3.50 = 21

What is the interest of 1 lakh in the Citibank?

The interest on Citibank fixed deposit depends on the tenure of the FD for which it is deposited. Below mentioned is the Citibank FD interest rate 2021 across different tenures.

TenureInterest Rate
7 days to 35 days 2.40%
36 days to 45 days 2.55%
46 days to 90 days 2.55%
91 days to 120 days 2.55%
121 days to 150 days 2.55%
151 days to 180 days 2.55%
181 days to 270 days 2.60%
271 days to 400 days 2.75%
401 days to 540 days 2.75%
541 days to 731 days 3.00%
732 days to 1095 days 3.50%
1096 days to 1825 days 3.50%


Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.30%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Citibank News - Jul 2021
  • 2021-01-05 : Revised FD rates for CitiBank
    With effect from 5 January 2020, CitiBank revised its FD rates. New rates for 7-35 days is 2.40%, the rate for 36-180 days is 2.55%, and for 181-270 days the rate is 2.60%. In addition to this for 271 -540 days, the applicable rate is 2.75%, for 541 to 731 days the rate is 3%, and for 732-1825 days, the rate is 3.50%.
  • 2020-10-07 : CitiBank revised fixed deposit rates
    Canara Bank revised its FD rates with effect from 5 October 2020. New rates for 7-35 days is 2.75%, the rate for 36-180 days is 2.80%, and for 181-270 days the rate is 2.85%. In addition to that, for 271 -540 days, the applicable rate is 3.00%, from 541 to 731 days the rate is 3.25%, and for 732-1825 days, the rate is 3.75%.
  • 2019-12-03 : Citi Bank revises Fixed Deposit rates across certain tenors
    CitiBank revised its interest rates on Fixed Deposits across certain tenors for December. The new rate for 181-540 is 4.75%, which was earlier set at 5.00%. Further, for 541-1095 days, the new rate is revised to 5.00% from 5.50%. Rates for the remaining tenors remain the same as the previous month.
  • 2019-11-05 : CitiBank new fixed deposit rates from today
    From November 5, 2019, interest rates applicable on FD rates have changed. New rates for 7-14 days is 3.00%; for 15-25 days, the rate is 3.25%, the rate for 26-35 days is 3.50%, the rate for 36-45 days is 4.00%, and for 46-180 days the rate is 4.75%. In addition to that, for 181- 540 days, the applicable rate is 5.00%, from 541 to 1095 days the rate is 5.50%, and for 1096-1825 days, the rate is 5.25%.
  • 2019-04-02 : Citibank raises interest rates on term deposits
    Private sector lender, Citibank has revised interest rates on domestic term deposits with immediate effect. Citibank has announced an upward revision in the interest rate on domestic term deposits for an amount less than Rs. one crore across various tenors. For 7 to 14 days the rate has been revised to 3.00%, and for 181 days to 270 days, the rate has been revised to 6.00%.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Loader
Please wait while your information is being processed...