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Citibank Time Deposit Interest Rates
Following the most recent revision, the bank is now offering an interest rate of 1.85% to 3.50% to the general public on their deposits of less than Rs. 2 Cr maturing in 7 days to 1096 days. Here are the revised interest rates on fixed deposits of Citibank India.
| Tenor | Rs 2 Cr | Rs 2 Cr to Rs 3 Cr | Rs 3 Cr to Rs 5 Cr | Rs 5 Cr to Rs 8 Cr | Rs 8 Cr to Rs 10 Cr |
|---|---|---|---|---|---|
| 7-10 Days | 1.85% | 2.00% | 2.85% | 2.00% | 2.95% |
| 11-14 Days | 1.85% | 2.00% | 2.00% | 2.00% | 2.00% |
| 15-25 Days | 1.90% | 2.00% | 2.00% | 2.00% | 2.00% |
| 26-35 Days | 1.90% | 2.00% | 2.00% | 2.00% | 2.00% |
| 36-45 Days | 2.55% | 2.00% | 2.00% | 2.00% | 2.00% |
| 46-60 Days | 2.55% | 2.00% | 2.00% | 2.00% | 2.00% |
| 61-90 Days | 2.55% | 2.00% | 2.00% | 2.00% | 2.00% |
| 91-120 Days | 2.55% | 2.00% | 2.00% | 2.00% | 2.00% |
| 121-150 Days | 2.55% | 2.00% | 2.00% | 2.00% | 2.00% |
| 151-180 Days | 2.55% | 2.00% | 2.00% | 2.00% | 2.00% |
| 181-270 Days | 2.60% | 2.00% | 2.00% | 2.00% | 2.00% |
| 271-364 Days | 2.75% | 2.00% | 2.00% | 2.00% | 2.00% |
| 365-400 Days | 2.75% | 2.00% | 2.00% | 2.00% | 2.00% |
| 401-540 Days | 2.75% | 2.00% | 2.00% | 2.00% | 2.00% |
| 541-731 Days | 3.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| 732 – 1095 Days | 3.50% | 2.00% | 2.00% | 2.00% | 2.00% |
| >=1096 days | 3.50% | 2.00% | 2.00% | 2.00% | 2.00% |
| Source: Bank Website |
Citibank Time Deposit Interest Rates For Senior Citizens
Senior citizens will continue to get an additional rate of 0.50% across all tenors on their deposits. On fixed deposits of less than Rs. 2 Cr maturing in 7 days to >=1096 days, senior citizens will now get the following interest rates.
| Tenure | Interest rate p.a. | Yield |
|---|---|---|
| 7-10 Days | 2.35% | – |
| 11-14 Days | 2.35% | – |
| 15-25 Days | 2.40% | – |
| 26-35 Days | 2.40% | – |
| 36-45 Days | 3.05% | – |
| 46-60 Days | 3.05% | – |
| 61-90 Days | 3.05% | – |
| 91-120 Days | 3.05% | 3.05% |
| 121-150 Days | 3.05% | 3.05% |
| 151-180 Days | 3.05% | 3.06% |
| 181-270 Days | 3.10% | 3.11% |
| 271-364 Days | 3.25% | 3.28% |
| 365-400 Days | 3.25% | 3.29% |
| 401-540 Days | 3.25% | 3.30% |
| 541-731 Days | 3.50% | 3.58% |
| 732 – 1095 Days | 4.00% | 4.14% |
| >=1096 days | 4.00% | 4.23% |
| Source: Bank Website |
Citibank Recurring Deposit Interest Rates
On recurring deposits of less than Rs. 2 crores maturing in 365 days to 731 days, the bank is now giving an interest rate of 2.75 percent to 3.00 percent, effective from December 31, 2021. By making a minimum monthly installment amount of Rs. 10,000 up to Rs. 20,000, customers will now get the following interest rates on their recurring deposits maturing in 12 months to 24 months.
| Tenure | Interest rate p.a. | Yield |
|---|---|---|
| 365 – 400 Days | 2.75% | 2.78% |
| 401 – 540 Days | 2.75% | 2.78% |
| 541 – 731 Days | 3.00% | 3.06% |
| Source: Bank Website |
Citibank Interest Rates On Tax Saver Deposits
On tax saver deposits of less than Rs. 2 Cr maturing in 5-year, the bank is now offering an interest rate of 3.50% to the regular customers and 4.00% to senior citizens. On tax saver deposits, depositors would not be eligible to make premature withdrawals, and they can claim a tax benefit up to Rs. 1.5 lakh under section 80C by investing in tax-saving fixed deposits.
| Tenure | Interest rate p.a. | Senior citizens |
|---|---|---|
| 5 Years | 3.50% | 4.00% |
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Original news source Credit: www.goodreturns.in
Citibank India Modifies Interest Rates On These Deposits (W.e.f. 31.12.2021) added by News89 Team on
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