Citibank Today Revised Its Interest Rates On FD: Here’s What You Can Get Now
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Investment
oi-Vipul Das
Citibank India or Citi India has updated its fixed deposit interest rates today. Following the bank’s latest interest rate adjustment, the general public will now get the highest rate of 3.50 percent, while senior citizens will receive the highest rate of 4.00 percent on deposits maturing in 732 days to less than 1096 days. On deposits of less than Rs 2 crore, the interest rate on tax saver deposits maturing in five years would be 3.50 percent for the general public and 4.00 percent for senior citizens. Following the modification made today, Citi Bank is now providing an interest rate of 2.75 percent on recurring deposits of less than Rs 2 crore maturing in 365 days to less than 540 days and 3.00 percent on deposits maturing in 541 to 731 days to the general public. Here are the latest interest rates on fixed deposits, recurring deposits, and senior citizens’ deposits of Citi Bank for a deposit amount of less than Rs 2 Cr.
Citibank Time Deposit Interest Rates
For a deposit amount of less than Rs 2 Cr, here are the latest interest rates on fixed deposits for the regular depositors.
| Period (In Days) | Interest Rate Per Annum | 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, effective from October 21, 2021 |
Citibank Recurring Deposits Interest Rates
Citibank is providing the following interest rates to the general public on recurring deposits of less than Rs 2 Cr maturing in 365 to 731 days.
| Tenure | Interest Rate Per Annum | Annualised 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, effective from October 21, 2021 |
Citibank Senior Citizens Deposits Rates
Citibank is currently offering elderly people the following interest rates on fixed deposits of less than Rs 2 crore.
| Tenure | Interest Rate Per Annum | Annualised 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, effective from October 21, 2021 |
Story first published: Thursday, October 21, 2021, 17:46 [IST]
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