Citibank revises interest rates on fixed deposits: Check new rates here

Interest rates on fixed deposits of less than 2 crores have been replaced by Citibank India. The bank’s website states that the new rates are applicable from July 15, 2022. As per the revised, the bank is now offering deposits with interest rates ranging from 1.85 per cent to 3.50 per cent with maturities ranging from 7 days to 1096 days. , Senior citizens, on the other hand, will get an interest rate ranging from 2.35 per cent to 4.00 per cent for the same period.

Citibank FD Rates

The bank is now offering an interest rate of 1.85 percent on deposits maturing in 7 to 14 days, while Citibank will offer an interest rate of 1.90 percent on fixed deposits maturing in 15 to 35 days. Fixed deposits maturing in 181-270 days will now attract 2.60 per cent interest, while fixed deposits maturing in 36 to 180 days will now have to pay 2.55 per cent. Citibank is now offering an interest rate of 2.75 per cent on deposits maturing in 271 to 540 days, 3.00 per cent on fixed deposits maturing in 541 to 731 days and 3.50 per cent on fixed deposits maturing in 732 days. Is. 1096 days.

Citibank FD Rates

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Citibank FD Rates (citybank.co.in)

Recurring Deposits (RDs) with maturities ranging from 365 to 731 days are also allowed by Citibank India. The bank is now paying 2.75 per cent interest rate on RDs maturing in 365 to 540 days, and 3.00 per cent interest rate will now be applicable on RDs maturing in 541 to 731 days. Additionally, Citibank India offers a tax-saving fixed deposit scheme with a tenure of 5 years. On these deposits, the general public will now receive an interest rate of 3.50 per cent, while older adults will receive an interest rate of 4 per cent. Senior citizens, on the other hand, will get an additional rate of 0.50% or 50 bps over the regular rate for all tenures of fixed deposits. Senior citizens will now get interest rates ranging from 2.35 per cent to 4.00 per cent on deposits maturing in 7 days to 1096 days. In addition, the bank offers senior citizens a maximum interest rate of 4% on deposits maturing in 732 to 1096 days after the recent revision.

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