Citibank Revises Interest Rates On Fixed Deposit: Check Latest Rates Here
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Citibank Time Deposit Interest rates
Below are the most recent interest rates on fixed deposits of Citibank for the general public based on deposit amounts of less than Rs 2 Cr.
| In Days | ||
|---|---|---|
| P.A. Rate | Annualised Yield | |
| 7-10 Days | 1.85% | – |
| 11-14 Days | 1.85% | – |
| 15-25 Days | 1.90% | – |
| 26-35 Days | 1.90% | – |
| 36-45 Days | 2.55% | – |
| 46-60 Days | 2.55% | – |
| 61-90 Days | 2.55% | – |
| 91-120 Days | 2.55% | 2.55% |
| 121-150 Days | 2.55% | 2.55% |
| 151-180 Days | 2.55% | 2.56% |
| 181-270 Days | 2.60% | 2.61% |
| 271-364 Days | 2.75% | 2.77% |
| 365-400 Days | 2.75% | 2.78% |
| 401-540 Days | 2.75% | 2.78% |
| 541-731 Days | 3.00% | 3.06% |
| 732 – 1095 Days | 3.50% | 3.61% |
| >=1096 days | 3.50% | 3.67% |
| Source: Bank Website, W.e.f. August 31, 2021 |
Citibank Time Deposit Interest rates For Senior Citizens
For a deposit amount of less than Rs 2 Cr, senior citizens will get the following interest rates on their deposits. For senior citizens, the annualized yield is determined at the lower end of each tenure bucket.
| Tenure | P.A. Rate | 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, W.e.f. August 31, 2021 |
Citibank Tax Saver Fixed Deposit
Investors who want to seek tax benefits on their deposits can also open a Tax Saver Deposit account at Citibank. One can invest in the tax saver deposit scheme with a minimum amount of Rs 1000 with a maximum amount of up to Rs 1.5 lakhs for a lock-in period of 5 years. Under the tax saver deposit scheme of Citibank, both regular and senior citizens will get quarterly compounded interest / simple interest quarterly payout options.
Term deposits up to Rs 1,50,000 deposited for five years are eligible for tax benefits under Section 80C of the Income Tax Act, 1961, according to the Finance Act of 2006. Owing to the 5-year lock-in term for Tax Saving Deposits under the IT Act, no premature withdrawals are permitted, which investors should be aware of. Here are the interest rates on tax saver deposits of Citibank for both the general public and elderly people. You can contact your relationship manager or the nearest Citibank branch to know the interest rates on deposits of more than or equal to Rs 10 Crores.
| Tenure in Days | P.A. Rate | Annualized Yield |
|---|---|---|
| 5 Years | 3.50% | 3.81% |
| Source: Bank Website, W.e.f. August 31, 2021 |
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