Citibank India Modifies Interest Rates On These Deposits (W.e.f. 31.12.2021)

Citibank India has revised its interest rates on various Citibank Deposits. Effective from December 31, 2021, the bank has made interest rate revisions on Citibank Time Deposits, Recurring Deposits, Senior Citizens Deposits, and Tax Saver Deposits. Citibank India offers good returns on these deposits, which come with built-in flexible tenures and a minimum deposit amount of Rs. 1000.

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%