Citi Bank Domestic Bulk Term Deposits FD

Overview

A potential investor can get a Citi Bank Domestic Bulk Term Deposits FD with interest rates ranging from 20.10% to 7.25% per annum for the general applicant and 2.60% to 7.75% per annum for senior citizens. This is an ideal investment option for anyone looking to park their surplus funds over a long period of time in order to generate significant and steady returns. The bank accepts deposits for FD in US Dollars, British Pounds, Euros, Japanese Yen, Australian Dollar, and Canadian Dollars. In this piece, we will take a look at some of the other details of the Citi Bank Domestic Bulk Term Deposits FD.

Eligibility Criteria for Citi Bank Domestic Bulk Term Deposits FD

In order to be eligible to open a Citi Bank Domestic Bulk Term Deposits FD, the applicant needs to be an Indian citizen. Further, the applicant is also required to have a savings account with Citi Bank to be eligible for the investment scheme. For this, you will be required to provide the below-mentioned KYC documents:

• PAN Card
• Identification proof documents
• Address proof documents
• Telephone number

Documents Required for Citi Bank Domestic Bulk Term Deposits FD

A potential investor considering applying for a Citi Bank Domestic Bulk Term Deposits FD is required to submit the below-given address and identity documents:

• Valid Passport
• Driving license issued by the applicable Regional Transport Authority
• Voter ID
• NREGA job card as issued by a Government Officer
• Letter from National Population Register
• Aadhaar Number

Key Highlights of Citi Bank Domestic Bulk Term Deposits FD

The table given below has some of the key highlights of the Citi Bank Domestic Bulk Term Deposits FD:

Highest slab rate	7.25% (for 181 to 400 days)
For 1 year	7.25%
For 2 years	3.50%
For 3 years	3.50%
For 4 years	3.50%
For 5 years	3.50%
Tax-Saving FD	3.50%

Features of Citi Bank Domestic Bulk Term Deposits FD

Given below are some of the features of this investment deposit scheme from Citi Bank

• Affordable and low minimum investment amount requirements
• Flexible investment tenures
• Easy investment process through internet banking or mobile application
• Short lock-in periods
• There is no entry cost for the investment
• Increased liquidity
• You can avail of an overdraft of up to 90% of the deposit value
• Senior citizens get a preferential interest rate on their deposits
• Quarterly compound or simple interest payout options available
• Can set standing instructions to debit amount from bank account on due date automatically

How to Apply for Citi Bank Domestic Bulk Term Deposit FD

Given below are the different ways that you can apply for a Citi Bank Domestic Bulk Term Deposit FD:

Net Banking

Given below are the steps to invest in a Citi Bank Domestic Bulk Term Deposit FD through the bank’s net banking service:

Step 1: Visit the official Citibank website.

Step 2: Log in to the net banking portal using your username and password.

Step 3: Navigate to the menu, and click on the 'Open Fixed Deposit' under the ‘Deposit’ option.

Step 4: Enter the tenure and amount you would like to invest in the FD.

Step 5: Provide additional details and submit all the supporting documents.

Step 6: The documents and information submitted by you will go through a verification process, after which you can start making deposits to the account on a monthly basis.

Mobile Application

Given below are the steps to open a fixed deposit account with Citibank using the mobile banking application:

Step 1: Download the Citibank mobile banking application.

Step 2: Log in using your username and password.

Step 3: Navigate to the menu and click on the ‘Open FIxed Deposit’ option under the ‘Deposits’ tab.

Step 4: Select the investment amount and tenure of the fixed deposit scheme.

Step 5: You are then required to provide some important information and submit supporting documents. If all the details are verified without any problem, you can start depositing on a monthly basis.

Offline Process

 If you wish to open a Citibank fixed deposit account online, you will need to physically visit the nearest branch with all the necessary supporting documents. If all the details and required documents have been verified by the bank, then a fixed deposit account in your name will be opened.