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Citibank Savings Account Interest Rates

Citibank Savings Account Interest 2020-21

Last Updated 17th Sep 2020

Saving Account Interest Rate
Citi Banking Savings Account 3.25% - 3.25%
Citi Bank Savings Account For Expatriates 4.00% - 4.00%
Citi Bank Suvidha Salary Account 4.00% - 4.00%

Citibank Bank Savings Accounts Interest Rate

Citibank offers an interest rate ranging between 3.25% to 3.25% on the minimum average balance maintained in the savings account. It calculates the interest rate on savings bank accounts on a daily basis. However, the interest is paid to the account holders every quarter. With Citibank Savings Account youth and minors can get additional benefits on their Savings Account.

Features

Citibank Savings Account helps you to save money by providing interest on your idle money deposited in the savings accounts. The rate of interest on Citibank Savings Account varies as per the Savings Account product. Some of the key features and benefits of Citibank savings account are:

  • It offers interest rates from 3.25% to 3.25% p.a. You can easily access Citibank Savings Account anywhere through a large network of branches and ATMs.
  • If you want to transfer funds from Citibank Savings account to any other bank account, you can do it through modes such as RTGS, IMPS, NEFT and UPI facilities.
  • To maintain Citibank Savings account, you require a minimum balance of Rs. 25,000.
  • Citibank personalized account number and cheque book enhances security and ensures your money is safe.
  • You can get SMS Alerts and e-statement facilities with Citibank Savings Account.
  • With Auto Sweep Facility of Citibank, your account can be linked to Multi Option Deposit MOD account.

Citibank Savings Account Rates

Saving Account Interest Rate Minimum Balance
Citi Banking Savings Account 3.25% - 3.25% Rs. 25,000
Citi Bank Savings Account For Expatriates 4.00% - 4.00% N.A
Citi Bank Suvidha Salary Account 4.00% - 4.00% NIL

Citibank Savings Account Products

  • Citi Banking Savings Account: Citibank offers interest rates ranging between 3.25% to 3.25% on Citi Banking Savings Account.You can open a Citi Banking Savings Account in Citibank by depositing Rs. 25,000 amount as minimum balance.
  • Citi Bank Savings Account For Expatriates: If you have deposited your excess funds in a Citi Bank Savings Account For Expatriates, you can get interest at 4.00% to 4.00% on your account. This account can be opened by anyone with a minimum age of 18 years.
  • Citi Bank Suvidha Salary Account: Citibank provides interest rates ranging between 4.00% to 4.00% on Citi Bank Suvidha Salary Account. The minimum balance requirement to open this account is NIL.

Know More About Savings Account

FAQs

How much interest is charged by Citibank on Savings Account?

Citibank offers an interest rate of 3.25% to 3.25% on Savings Account.

What is the minimum amount required for opening Savings Account in Citibank?

The minimum amount required for opening Savings Account in Citibank is Rs. 25,000.

What are the balance non - maintenance Charges on Citibank Savings Account?

The Balance Non Maintenance Charges on Savings Account by Citibank are Rs. 250.

What are the Citibank ATM Transaction charges on Savings Account?

Citibank ATM Transaction charges on Savings Account are Monthly Fee of Rs. 250.

How does Citibank calculate interest charged on Savings Account?

Interest on Savings Account is calculated on Quarterly basis. The following formula is used by Citibank to calculate interest on Savings Account.

Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year

What is the withdrawal limit of the account?

The withdrawal limit offered in Citibank is Rs. 1,00,000

What is the eligibility criteria to open a savings account in Citibank?

Eligibility criteria for Citibank savings account -

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

Citibank News - Sep 2020
  • 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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