Citibank India has revised downwards its term deposit interest rates by up to 0.25%, or 25 basis points with effect from Friday, February 23, 2018. The new rates of interest shall be applicable to all fresh fixed deposits and renewals of maturing term deposits.
Citibank India – Current Term Deposit Interest Rates
New Delhi (Delhi, India), February 24, 2018
Citibank India Revises Downwards Its Term Deposit Interest Rates by up to 0.25% (25 Basis Points)
The Citibank N.A. India has decreased its term deposit interest rates for Domestic, NRE, and NRO Term Deposits by up to 0.25 percent, or 25 basis points with effect from Friday, February 23, 2018.
The decision to decrease the fixed deposit interest rates was taken by the Asset and Liability Committee (ALCO) of Citibank India.
The Citibank N.A. India’s new rates of interest shall be applicable to all fresh fixed deposits and on renewals of maturing term deposits.
Citibank India’s Current Fixed Deposit Interest Rates for Amount Less Than Rs. 1 Crore
Last Revised On: February 23, 2018
1. For Resident Indians: Retail Domestic Term Deposits Interest Rates
7 Days to 14 Days FD Interest Rate: 3.00% Per Annum
15 Days to 25 Days FD Interest Rate: 3.25% Per Annum
26 Days to 35 Days FD Interest Rate: 3.50% Per Annum
36 Days to 45 Days FD Interest Rate: 4.50% Per Annum
46 Days to 180 Days FD Interest Rate: 4.75% Per Annum
181 Days to 1095 Days FD Interest Rate: 5.00% Per Annum
1096 Days and Above FD Interest Rate: 5.25% Per Annum
2. For Resident Indian Senior Citizens: Retail Domestic Term Deposits Interest Rates
7 Days to 14 Days FD Interest Rate: 3.50% Per Annum
15 Days to 25 Days FD Interest Rate: 3.75% Per Annum
26 Days to 35 Days FD Interest Rate: 4.00% Per Annum
36 Days to 45 Days FD Interest Rate: 5.00% Per Annum
46 Days to 180 Days FD Interest Rate: 5.25% Per Annum
181 Days to 1095 Days FD Interest Rate: 5.50% Per Annum
1096 Days and Above FD Interest Rate: 5.75% Per Annum
3. For Non-Resident External (NRE): Term Deposits Interest Rates
365 Days to 1095 Days FD Interest Rate: 5.00% Per Annum
1096 Days and Above FD Interest Rate: 5.25% Per Annum
4. For Non-Resident Ordinary (NRO): Term Deposits Interest Rates
7 Days to 14 Days FD Interest Rate: 3.00% Per Annum
15 Days to 25 Days FD Interest Rate: 3.25% Per Annum
26 Days to 35 Days FD Interest Rate: 3.50% Per Annum
36 Days to 45 Days FD Interest Rate: 4.50% Per Annum
46 Days to 180 Days FD Interest Rate: 4.75% Per Annum
181 Days to 1095 Days FD Interest Rate: 5.00% Per Annum
1096 Days and Above FD Interest Rate: 5.25% Per Annum
Definition of a Senior Citizen: A senior citizen is defined as a person above the age of 60 years. The interest rates for the Senior Citizens are applicable only to the Resident Indians on Domestic Fixed Deposits. In case of the Joint Account Holders, where one of the account holder is a Senior Citizen, the Senior Citizen Term Deposit Interest Rate will only be applicable if the Senior Citizen is the ‘First Holder’ on the said term deposit.
Bulk Term Deposits: Please contact to the nearest Citibank India branch for interest rates on domestic bulk term deposits of Rs. 1 crores and above.
Non-Resident External (NRE) Term Deposits: The minimum tenure for Non-Resident External (NRE) term deposits is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
Citibank India Bulk Term Deposits: For terms and conditions or any other details about Citibank India Fixed Deposit Interest Rates, please contact your nearest Citibank India branch.
Citibank India – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Citibank India