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Citibank FD Interest Rates

1.85% - 3.5%
Interest rates
3 months - 5 years
Time Period
1000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About Citibank FD

Citibank, a part of the Citi Group, began operations in India in 1902. The firm has always been a pioneer in providing its clients with new financial solutions. It was the first in the country to provide 24-hour phone banking, online banking, and SMS notifications. Citibank was also the first to introduce Citi Tap and Pay, a next-generation contactless credit card payment system based on near-field communications technology.

The bank provides a variety of deposit options to fulfill the demands of its customers. Fixed deposits are becoming increasingly popular among the general public, owing to the fact that they are a safer investment choice than equities and mutual funds. Fixed deposits are investment accounts in which money is put for a certain period of time and the interest rate does not change. Individuals can create a fixed deposit account with as little as Rs. 1,000 and for as little as 7 days. In addition, current account holders can get an overdraft of up to 90% of their deposit value. Customers can also select between quarterly compounded interest and quarterly basis interest pay-outs.

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Started On1998
Head QuartersNew York
CRISIL RatingNA
CEOJane Fraser
Listed on exchange as
ICRA RatingNA

Citibank FD Rates 2022

TenureRegular customersSenior citizens
1
2

Features and Benefits of Citibank FD

  • You may create a fixed deposit account with as little as Rs.1,000.
  • You can withdraw funds from your FD account whenever you need them.
  • There are attractive Citi Bank FD Interest Rates available.
  • The procedure of opening a CitiBank FD account is simple and straightforward. An FD account may be opened both online and offline.
  • The 7-day minimum tenure is available.

Citibank vs Other Banks' FD Rates

NameTenureInterest rate
1
2
3
4
5

How to invest in Citibank FD?

A CitiBank FD account can be opened through different modes like Mobile App, Internet Banking, and offline.

1) Internet Banking

Follow the below-mentioned steps for opening a CitiBank FD account via internet banking-

  • Open the official website of CitiBank.
  • Sign in to the net banking portal and enter the username and password.
  • In the ‘Menu’, click on ‘Deposit’ and select ‘Open Fixed Deposit’.
  • Enter the suitable amount and the tenure.
  • Fill out all the further information and submit the required documents.
  • After verifying the documents, one can begin depositing the said amount into the FD every month.

2) Mobile app - CitiBank Mobile App

  • Download the CitiBank mobile app.
  • Sign in with username and password.
  • In the ‘Menu’, select ‘Deposit’, and next choose ‘Open Fixed Deposit’.
  • Fill in the investment amount and the tenure.
  • After verifying the documents, one can begin depositing the said amount into the FD every month.

3) Opening CitiBank FD Offline

For opening a CitiBank FD account via offline mode, one has to visit the nearest CitiBank branch. Fill out the Canara Bank FD application form and present all the necessary documents with the deposit amount. On successful verification of the application, an FD will be opened.

Eligibility to Open an Citibank FD Account

Individuals or entities satisfying the following criteria can opt for a fixed deposit in CitiBank –

  • Individuals, including minors, senior citizens, and joint account holders
  • Sole proprietors
  • HUFs
  • Blind and illiterate individuals
  • Partnership firms
  • Companies
  • Educational institutions, trusts, clubs, religious institutions, societies, associations, etc.

Documents Required to Open Citibank FD

The following documents have to be furnished for opening a CitiBank 

FD –

  • Identity proof (Passport, PAN Card, Voter ID, Aadhar Card, Driving License)
  • Address proof (Passport, Aadhar Card, Utility bills)
  • Age proof (Birth Certificate, PAN Card, Service Discharge Certificate)

FAQs

Did the Citi Bank FD Rates increase in 2022?

Yes, CitiBank updated its FD rates for 2022. CitiBank, like many other lenders, can change its FD rates based on a variety of variables.

In how many years will CitiBank's FD double?

The maturity amount you will get is determined by the deposit amount and the tenure you choose for earning interest on it.

How long does the CitiBank Tax Saver Deposit Scheme last?

CitiBank Tax Saver Deposit Scheme has a 5-year term.

How to Apply for the FD?

Individuals who want to open a Fixed Deposit account with a bank can do so in two ways:

  1. For Existing Account Holders

Existing bank account holders can easily open a fixed deposit account online. They just go to the internet, submit their information, and apply for a fixed deposit account.

  1. For New Customers

Individuals who do not have an account with the bank can only invest in the bank's fixed deposit plan if they create an account with Citibank. They will need to apply for a savings account first, and then they may simply create a fixed deposit account.

What is the eligibility?

  • Should be an Indian citizen
  • Hindu Undivided Family (HUF) members can also create a CitiBank FD account.
  • Employees who work for private companies.
  • Local government authorities.
  • Accounts of trust
  • Firms in business.
  • Departments of the government
Calculate Citibank FD Interest
Investment Amount
₹25,000.00
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Citibank
@2.75% p.a
Get higher interest rates
online upto 0%
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