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Fincash » Citi Bank FD Rates

Citi Bank FD Rates

Updated on November 19, 2019 , 61 views

The Fixed Deposit product offered by Citi Bank is an investment account where money is deposited for a fixed tenure and the interest rate does not fluctuate.

Fixed Deposit of FD refers to an investment avenue which is generally offered by banks and post office. In case of FD, people need to deposit a considerable amount as a one-time payment for a fixed time frame. Here, people get back their investment amount at the end of the tenure. However, people cannot break the FD during the tenure and if they try to break they need to pay some charges to the bank. The FD income earns interest on the investment. This interest income earned is taxable in the hands of investors.

With Citi Bank customers can avail an overdraft line up to 90 percent of the deposit value. One can deposit just INR 1,000 for a tenor as low as seven days.

citibank

Citi Bank FD Interest Rates

Here's the list of Citi Bank FD Interest Rates offered on regular and senior citizen deposits for deposits that are less than INR 1 crore

w.e.f. May, 2018

Tenure Regular FD Rate (per annum) Senior Citizen FD Rate (per annum)
7 days to 14 days 3.00% 3.50%
15 days to 25 days 3.25% 3.75%
26 days to 35 days 3.50% 4.00%
36 days to 45 days 4.50% 5.00%
46 days to 180 days 6.25% 6.75%
181 days to 3 years 7.50% 8.00%
Above 3 years 6.00% 6.50%

Citi Bank FD Interest Rates (As on Jul 31, 2017)

Here's the interest are for domestic deposits for the year 2017 - Less than INR 1 cr

Tenure Regular FD Rate (per annum) Senior Citizen FD Rate (per annum)
7 days to 10 days 3.00% 3.50%
11 days to 14 days 3.00% 3.50%
15 days to 25 days 3.25% 3.75%
26 days to 35 days 3.50% 4.00%
36 days to 45 days 4.50% 5.00%
46 days to 60 days 5.00% 5.50%
61 days to 90 days 5.00% 5.50%
91 days to 120 days 5.00% 5.50%
121 days to 150 days 5.00% 5.50%
151 days to 180 days 5.00% 5.50%
181 days to 270 days 5.25% 5.75%
271 days to 364 days 5.25% 5.75%
365 days to 400 days 5.25% 5.75%
401 days to 540 days 5.25% 5.75%
541 days to 731 days 5.25% 5.75%
732 days to 1095 days 5.25% 5.75%
1096 days and above 5.75% 6.25%

Citi Bank FD Interest Rates (For 2015 – 2016)

For the year 2015 - 2016, Citi Bank FD scheme offered following rates:

Period <INR 1cr >=INR 1cr< INR 2 cr >= INR 2 cr< INR 3 cr >=INR 3 cr < INR 5 cr >= INR 5 cr <= INR 10 cr
7-10 Days 3.00% 5.00% 5.50% 5.50% 5.50%
11-14 Days 3.00% 4.75% 5.50% 5.50% 5.50%
15-25 Days 3.25% 6.25% 5.50% 5.50% 5.50%
26-35 Days 3.50% 5.50% 5.50% 5.50% 5.50%
36-45 Days 4.50% 5.50% 5.50% 5.50% 5.50%
46-60 Days 5.75% 5.50% 5.50% 5.50% 5.50%
61-90 Days 6.25% 5.75% 5.75% 5.75% 5.75%
91-120 Days 6.25% 5.75% 5.75% 5.75% 5.75%
121-150 Days 6.25% 5.75% 5.75% 5.75% 5.75%
151-180 Days 6.25% 5.75% 5.75% 5.75% 5.75%
181-270 Days 6.25% 5.75% 5.75% 5.75% 5.75%
271-364 Days 6.25% 5.75% 5.75% 5.75% 5.75%
365-400 Days 6.25% 5.75% 5.75% 5.75% 5.75%
401-540 Days 6.25% 5.75% 5.75% 5.75% 5.75%
541-731 Days 6.25% 5.75% 5.75% 5.75% 5.75%
732 - 1095 Days 6.25% 5.75% 5.75% 5.75% 5.75%
>=1096 Days 6.25% 5.75% 5.75% 5.75% 5.75%

Documents Required to open FD Account in Citi Bank

1. Identity Proof

  • PAN Card
  • Voter ID Card
  • Driving License
  • Passport

2. Address Proof

  • Telephone Bill
  • Electricity Bill
  • Bank statement With Cheque

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Are you Looking for Alternative to Banks Savings Account in Mutual Funds?

Investors who are thinking of parking their money for the short term, you can also consider liquid Mutual Funds. Liquid Funds are an ideal alternative to FDs as they invest in low-risk debt and money market securities.

Here are some features of liquid funds you should know:

  • These funds come with no lock-in period
  • The money is invested in money market instruments like a certificate of deposits, commercial papers, treasury bills, and term deposits
  • You can exit from the scheme anytime you want. Also, the funds have no entry load and exit loads
  • The underlying assets have low maturity period and provide you low-interest rates
  • Most times, you may also get returns higher than bank Savings Account

Best Liquid Funds to Invest 2019

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)
DHFL Pramerica Insta Cash Fund Growth ₹252.195
↑ 0.04
₹4680.41.43.2777.57.4
JM Liquid Fund Growth ₹53.0343
↑ 0.01
₹1,1090.41.43.16.977.57.4
Indiabulls Liquid Fund Growth ₹1,888.78
↑ 0.25
₹5450.41.43.16.86.97.57.3
Principal Cash Management Fund Growth ₹1,718.6
↑ 0.23
₹1970.41.42.96.43.75.5-1.8
Reliance Liquid Fund  Growth ₹4,730.75
↑ 0.70
₹28,8620.41.43.2777.47.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Nov 19

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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