Why make an FD with Citibank?
Fixed Deposits offer the assurance of security for your funds and the convenience of flexibility. Make a fixed deposit with Citibank and see your money grow. Citibank has been a preferred bank among a number of investors and depositors. Citibank FD rates are also one of the most appreciated. Here are the top three reasons why you should make an FD investment with Citibank:
· It is easy to start and you can begin savings from as low as Rs.1,000 –
The bank offers a usual fixed deposit with an option of a floating FD as well. A fixed deposit with Citibank can be made for tenures as short as 7 days up to over a few years. Citibank FD rates can be calculated on a quarterly compounded interest or a simple interest quarterly payout basis, depending on what the customer opts for.
The Multi/Flexible FD offered by Citibank, similar to the normal FDs, allows a deposit of minimum Rs.1000, for a period ranging between 7 days and 10 years. However, Citibank FD rates on flexible deposits are comparatively higher.
· Use your funds when you need to –
The best part about Citibank FDs is that customers get an instant access to their funds, whenever they need it. However, premature withdrawal of a deposit can incur a penalty of 1%.
Citibank also offers an overdraft facility against its FDs. Those who have a current account with the bank can get an overdraft of up to 90% of the value of the deposit. Even the family members of the account holder can avail this facility from the bank. This allows you to maintain liquidity, while retaining the returns on your assets.
· Attractive interest rates and a range of flexible tenures –
Therefore, Citibank fixed deposits make savings easy, with no entry costs, quick liquidity options, and short lock-in periods, and also with the great Citibank FD rates of return. For more details, visit https://www.policybazaar.com/fixed-deposit/