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Citibank Savings Account

Citibank Savings Account Online

Last Updated 06th Jan 2021

  • Citibank offers a wide range of savings account products for specific customer groups.
  • Minimum balance requirement to open a savings account in Citibank is Rs. 25,000.
  • You can get high returns up to 3.25% on a savings account.
  • Open instant Citibank savings account online.
  • Internet banking and mobile banking facility available.
  • The facility of safe deposits locker facility, nomination available in Citibank.
Apply for Savings Account

Citibank Savings Account

Citibank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.

Features and Benefits of Citibank Savings Account

Benefits of Citibank saving Account are as follow:

  • Citibank offers an interest rate on saving account in the range of 3.25% to 3.25%.
  • Balance requirement for Citibank savings account is Rs. 25,000.
  • An individual can transfer the Citibank savings account to any other branch without changing the account number.
  • Safe deposits locker facility, nomination facility is also available.
  • Citibank savings account provides the facility of linking to the Multi Option Deposit account to fetch higher term deposit interest on the surplus money.
  • It provides various kinds of debit cards as per account holder’s convenience.
  • Citibank offer banking facilities like internet banking and missed call banking. An individual can also avail the mobile banking facility which provides services like interbank mobile payment services (IMPS), utility bill payments, mobile recharges, enquiry and statements and cheque book request.
  • No charge is levied for passbook service.

Citibank Savings account Charges

ProductMinimum balanceInterest RateNon Balance Maintenance Charges
Citi Banking Savings AccountRs. 25,0003.25% - 3.25%Rs. 250
Citi Bank Savings Account For Expatriates4.00% - 4.00%--
Citi Bank Suvidha Salary AccountNIL4.00% - 4.00%None

Citibank Savings Account Products

Citibank offers multiple savings account products for different purposes. Some of the popular products of Citibank savings are:

Citi Banking Savings Account

Simple, convenient and elite banking for you and your family.

Key Features:

  • Offers 2X air miles on Jet Airways and Air India
  • Home Loan and Personal Loan with bank made easier with relationship pricing
  • Citibank Wealth Management offers insurance benefits

Eligibility:

  • This account is for resident Indians of 18 years of age and above

Citi Bank Savings Account For Expatriates

Simple, convenient and quick banking for expatriates.

Key Features:

  • Offers 1 percent cash back on all your Debit Card purchases
  • Up to 20 percent savings on your dinning bills in selected diners

Eligibility:

  • This account is for Indian Expatriates above the age of 18 years only

Citi Bank Suvidha Salary Account

This account is tailor made to suit the banking needs of modern day professionals, providing ease in all banking services.

Key Features:

  • Overdraft facility available up to 5 times your net monthly salary credit
  • This is Zero balance salary account

Eligibility:

  • This account is for Indian Salaried Residents above the age of 18 years only

Citibank Savings Account Nomination Plan

Citibank asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. Citibank savings account provides the nomination facility in all the savings products.

Citibank Savings Account Welcome Kit

Citibank provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.

Top Applications Offering UPI Facility

Citibank Savings Account Helpline

Individuals can call Citibank’s 24X7 helpline number 1860-210-2484, which is accessible from all landlines and mobile phones in the country.

Open saving account with Other Banks online

FAQs

Can I open Citibank bank account online?

Citibank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.

What is the minimum balance for an Citibank savings account?

Minimum balance requirement differs with Citibank saving account products. The minimum balance required to open a Citi Banking Savings Account in Citibank is Rs. 25,000.

Which saving account is best in Citibank?

There are various savings account products offered by Citibank. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.

Can I open Citibank account with zero balance?

The minimum balance requirement to open a savings account with Citibank is Rs. 25,000. If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.


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Citibank News - Jan 2021
  • 2018-07-24 : Citi Bank India reports a 6% drop in Net Profit
    Citi Bank India has declared a decline of 6% percent in its net profit to Rs 3403 crore against 3626 crores in a previous year. The Net Non Performing Asset (NPA) of the bank remain unchanged. This drop in profits over the previous year is attributed to the impact of rising yields on the investment portfolio.
  • 2018-05-28 : 4 withdrawals can lead to freezing of Jan Dhan Accounts
    Basic savings bank deposit accounts, including Pradhan Mantri Jan-Dhan Yojana accounts allow only four free debits a month. Since banks are not allowed to impose any kind of charge on customers, many banks such as SBI an Axis Bank are freezing the accounts once four transactions are complete. Whereas, a few like HDFC and Citibank are converting these accounts into regular ones if the number of transactions exceed four, charging the account holders for non maintenance of minimum balance.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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