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Citi Bank Fixed Deposit Rates 2024
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.
Citi Bank FD Interest Rates 2024
Here's the Citibank fixed deposit interest rates for deposits below INR 2 crore.
Interest rates effective from December 07, 2022.
| Tenure | Regular FD Rate (p.a.) |
|---|---|
| 7-10 Days | 2.10% |
| 11-14 Days | 2.10% |
| 15-25 Days | 2.15% |
| 26-35 Days | 2.15% |
| 36-45 Days | 3.50% |
| 46-60 Days | 3.50% |
| 61-90 Days | 3.50% |
| 91-120 Days | 3.50% |
| 121-150 Days | 3.50% |
| 151-180 Days | 3.50% |
| 181-270 Days | 7.25% |
| 271-364 Days | 7.25% |
| 365-400 Days | 7.25% |
| 401-540 Days | 3.50% |
| 541-731 Days | 3.50% |
| 732 - 1095 Days | 3.50% |
| >=1096 Days | 3.50% |
Talk to our investment specialist
Citi Bank Senior Citizens Deposits Interest Rates 2024
Senior Citizen FD Interest Rates for deposits below INR 2 crore.
Interest rates effective from December 07, 2022.
| Tenure | Senior Citizen FD Rate (p.a.) |
|---|---|
| 7-10 Days | 2.60% |
| 11-14 Days | 2.60% |
| 15-25 Days | 2.65% |
| 26-35 Days | 2.65% |
| 36-45 Days | 4.00% |
| 46-60 Days | 4.00% |
| 61-90 Days | 4.00% |
| 91-120 Days | 4.00% |
| 121-150 Days | 4.00% |
| 151-180 Days | 4.00% |
| 181-270 Days | 7.75% |
| 271-364 Days | 7.75% |
| 365-400 Days | 7.75% |
| 401-540 Days | 4.00% |
| 541-731 Days | 4.00% |
| 732 - 1095 Days | 4.00% |
| >=1096 Days | 4.00% |
Documents Required to Open FD Account in Citi Bank
1. Identity Proof
2. Address Proof
- Telephone Bill
- Electricity Bill
- Bank statement with Cheque
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 2024
Fund NAV Net Assets (Cr) 1 MO (%) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Indiabulls Liquid Fund Growth ₹2,420.5
↑ 0.44 ₹516 0.6 1.8 3.6 7.4 6.1 5.1 6.8 Principal Cash Management Fund Growth ₹2,209.37
↑ 0.40 ₹6,783 0.6 1.7 3.5 7.3 6.2 5.2 7 PGIM India Insta Cash Fund Growth ₹325.879
↑ 0.06 ₹555 0.6 1.8 3.6 7.3 6.2 5.3 7 JM Liquid Fund Growth ₹68.36
↑ 0.01 ₹3,240 0.6 1.7 3.5 7.3 6.2 5.2 7 Axis Liquid Fund Growth ₹2,786.82
↑ 0.51 ₹34,316 0.6 1.8 3.6 7.4 6.3 5.3 7.1 Invesco India Liquid Fund Growth ₹3,441.33
↑ 0.63 ₹14,805 0.6 1.8 3.6 7.4 6.3 5.3 7 ICICI Prudential Liquid Fund Growth ₹370.714
↑ 0.07 ₹51,423 0.6 1.8 3.6 7.4 6.2 5.3 7 Aditya Birla Sun Life Liquid Fund Growth ₹403.443
↑ 0.07 ₹48,377 0.6 1.8 3.6 7.4 6.3 5.3 7.1 Nippon India Liquid Fund Growth ₹6,111.15
↑ 1.11 ₹35,408 0.6 1.8 3.6 7.4 6.2 5.3 7 Tata Liquid Fund Growth ₹3,943.12
↑ 0.74 ₹23,832 0.6 1.8 3.6 7.4 6.2 5.3 7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Nov 24
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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