Product Details
Bank Name
Citi bank
Eligibility
Individual/s and also in the name of Kartha of HUF.
Interest Rate
Upto 2.10% to 7.25%
Tenure
0-400 Days
Fixed Deposit Type
Time Deposit
Fixed Deposit
Tax Benefits
No
Credit Ratings
[ICRA]A+
Interest Payment Frequency
Simple Interest Quarterly Payout/Quarterly Compounded Interest
Cummulative/Non-Cummulative
No information provided
Features
Minimum deposit: Rs 1,000 Minimum tenure: 7 days Overdraft facility is available for up to 90% of the deposit amount for current account customers
Minimum Investment Amount
Rs 1000- Rs 2 Cr.
Fees and Charges
Pros
Security and Stability
Flexible Options
Cons
Low interest rate
Pros & Cons
Account Opening and Procedure
How to Open?
Citibank India no longer accepts new applications for their Recurring Deposit (RD) accounts as of March 1, 2023 https://www.online.citibank.co.in/wealth-management/investments/deposits/. Their consumer banking business has transferred to Axis Bank.
However, you can check with Axis Bank.
Application Procedure
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