This Foreign Bank Offers Upto 7.75% Interest on Fixed Deposits, Check Details

Citibank India has increased the interest rate on fixed deposits of less than Rs 2 crore. According to the bank's official website, the new rates will go into effect on January 13, 2023. Following the revision, the bank now offers interest rates ranging from 2.10% to 3.50% on deposits maturing in 7 days to 1096 days. Citibank offers a maximum interest rate of 7.25% on deposits with terms ranging from 181 days to 400 days.

The bank offers 2.10% interest rates on deposits maturing in 7 to 14 days, and Citibank offers 2.15% interest rates on deposits maturing in 15 to 35 days. Citibank used to offer a 3.50% interest rate on deposits with terms of 36 to 180 days, but it now offers a 7.25% interest rate on deposits with terms of 181 to 400 days. Deposits with maturities ranging from 401 to 1096 days will now earn 3.50% interest.

In Days	Less than 2 Crore		More than 2 crore to 3 crore		More than 3 crore to 5 crore		More than 5 crore to 8 crore		More than 8 crore to 10 crore
	P.A. Rate	Annualised Yield	P.A. Rate	Annualised Yield	P.A. Rate	Annualised Yield	P.A. Rate	Annualised Yield	P.A. Rate	Annualised Yield
7 to 10 Days	2.10%	-	2.55%	-	3.40%	-	2.55%	-	3.50%	-
11 to 14 Days	2.10%	-	2.55%	-	2.55%	-	2.55%	-	2.55%	-
15 to 25 Days	2.15%	-	2.55%	-	2.55%	-	2.55%	-	2.55%	-
26 to 35 Days	2.15%	-	2.55%	-	2.55%	-	2.55%	-	2.55%	-
36 to 45 Days	3.50%	-	3.00%	-	3.00%	-	3.00%	-	3.00%	-
46 to 60 Days	3.50%	-	3.00%	-	3.00%	-	3.00%	-	3.00%	-
61 to 90 Days	3.50%	-	3.00%	-	3.00%	-	3.00%	-	3.00%	-
91-120 Days	3.50%	3.50%	3.00%	3.00%	3.50%	3.50%	3.00%	3.00%	3.50%	3.50%
121-150 Days	3.50%	3.51%	3.00%	3.00%	3.50%	3.51%	3.00%	3.00%	3.50%	3.51%
151-180 Days	3.50%	3.51%	3.00%	3.01%	3.50%	3.51%	3.00%	3.01%	3.50%	3.51%
181-270 Days	7.25%	7.31%	3.00%	3.01%	3.50%	3.52%	3.00%	3.01%	3.50%	3.52%
271-364 Days	7.25%	7.38%	3.00%	3.02%	3.50%	3.53%	3.00%	3.02%	3.50%	3.53%
365-400 Days	7.25%	7.45%	3.00%	3.03%	3.50%	3.55%	3.00%	3.03%	3.50%	3.55%
401-540 Days	3.50%	3.55%	3.00%	3.04%	3.50%	3.55%	3.00%	3.04%	3.50%	3.55%
541-731 Days	3.50%	3.58%	3.00%	3.06%	3.50%	3.58%	3.00%	3.06%	3.50%	3.58%
732 - 1095 Days	3.50%	3.61%	3.00%	3.08%	3.50%	3.61%	3.00%	3.08%	3.50%	3.61%
>=1096 Days	3.50%	3.67%	3.00%	3.13%	3.50%	3.67%	3.00%	3.13%	3.50%	3.67%

Furthermore, Citibank accepts recurring deposits (RDs) with a minimum deposit of Rs. 1,000 and a maximum deposit of 20,000, as well as deposit terms ranging from 12 to 24 months. On 5-year tax-saving deposits, the bank offers a 3.50% interest rate to the general public and a 4% interest rate to senior citizens. Citibank is offering an additional 50 basis points on deposits made by the elderly. The bank offers senior citizens a maximum interest rate of 7.75% on deposit terms ranging from 181 to 400 days.

If you do not already have a Citibank Time Deposit, you must first open a Citibank Savings Account. You can link your deposit to a Citibank savings or current account to benefit from a higher Net Relationship Value (NAV) with the bank.

You can easily book deposits with the bank using Citibank Online or the Citi Mobile smart banking app with a minimum deposit of Rs. 1000.

Senior Citizen Deposit interest rates for Less than 2 crore

Tenure	Less than Rs 2 Crore
	P.A. Rate	Yield#
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 Day	4.00%	-
91-120 Days	4.00%	4.00%
121-150 Days	4.00%	4.01%
151-180 Days	4.00%	4.01%
181-270 Days	7.75%	7.82%
271-364 Days	7.75%	7.90%
365-400 Days	7.75%	7.98%
401-540 Days	4.00%	4.07%
541-731 Days	4.00%	4.10%
732 - 1095 Days	4.00%	4.14%
>=1096 Days	4.00%	4.23%