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Citi Bank Fixed Deposit Plans

Aviva Term Insurance Plan

Citi Bank FD Rates

What Is A Fixed Deposit?

Out of all the different kind of bank accounts that a customer can ask for in any bank, fixed deposit is one. A fixed deposit account is one in which you need to deposit a fixed amount of money at regular periods.

There will be given a fixed period after which you can withdraw the entire amount of deposited money along with interest accumulated.

Fixed Deposit Accounts In Citi Bank

Citi Bank is one of the many banks in India which offer fixed deposit accounts. This bank is an excellent choice for an FD account as it gives you high rates of interest.

Citi Bank Fixed Deposit Account – Rate of Interest

The fixed deposit scheme of Citi Bank is top notch. And the rate of interest offered is also profitable throughout the year.

The Reserve Bank of India, or the RBI, sets some rules regarding the fixed deposit rates specification. However, Citi Bank helps you earn high profits despite the regulations. Especially if you are a businessman, you can earn high profits from the rates of interest on fixed deposits in Citi Bank.

Citi Bank Fixed Deposit Rates

It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.

For Domestic Deposits – Less than Rs. 1 cr (As on Jul 31, 2017)

For Domestic Deposits – Rs 1 cr less than 2 cr (As on Jul 31, 2017)

For Domestic Deposits – Rs 2 cr less than 3 cr (As on Jul 31, 2017)

For Domestic Deposits – Rs 3 cr less than 5 cr (As on Jul 31, 2017)

For Domestic Deposits – Rs 5 cr less than 10 cr (As on Jul 31, 2017)

Tax Saver FD (Max Deposit – 1 LPA)

Tax Implications:

  • The amount invested in Fixed Deposit with a tenure of 5 years with Citi Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
  • The applicable tax will be deducted at source, i.e. Citi Bank, in case the annual interest earned crosses Rs. 10,000.

For NRE Fixed Deposit – Less than Rs. 1 cr (As on Apr 03, 2017)

For NRE Fixed Deposit – Rs 1 cr less than 2 cr (As on Apr 03, 2017)

For NRE Fixed Deposit – Rs 2 cr less than 3 cr (As on Apr 03, 2017)

For NRE Fixed Deposit – Rs 3 cr less than 5 cr (As on Apr 03, 2017)

For NRE Fixed Deposit – Rs 5 cr less than 10 cr (As on Apr 03, 2017)

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