|FD interest rates by Citi Bank Aug 2019|
|7 – 10 Days||3.00%|
|11 – 14 Days||3.00%|
|732 – 1095 Days||6.00%|
CitiBank has multiple FD options to its customers to park their surplus funds. The amount is to be deposited at the time of account opening. The investors would not be allowed to add money to the existing principle or to withdraw a part of principle during the pre-decided tenure. Fixed Deposits of Citibank carry a higher interest rate than their saving deposits.
Interest rates vary from 3.00% p.a to 6% p.a for deposits with tenure between 7 days to 1096 days. Following the cut in the repo rate by the Reserve Bank of India, Citi Bank has also cut their FD rates. Earlier, Citi Bank used to offer the highest interest rate of 6.50% for deposits maturing between 732 days to 1095 days. Currently, the best interest rate on Citi Bank FD is 6% for FDs between 541 days to 1096 days.
•Fixed/Short Term Deposit– A standard FD scheme offered by Citi bank wherein customers are paid fixed interest amounts at regular intervals.
•Quarterly/Monthly Term Deposit– In this scheme, customers can choose to receive interest payments at monthly or quarterly intervals
Identification and address proof
It provides assured returns of up to 6%
You can start saving with as little as Rs.1,000
Your FD is automatically linked to the Citibank Savings or Current Account. As a result, customers get the benefit of a Higher Net Relationship Value (NAV).
Here are some of the benefits of higher NAV:
CitiBank’s FD options offer a great range of variety in terms of interest rates and deposit periods. Book an FD through your mobile app and grow your wealth.Tags: Fixed Deposit Rates, citibank
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