Citibank is a multinational financial service corporation which has it’s headquarter in New York. This is the only foreign bank in India which has an onshore platform in India. The India headquarter of Citibank is at Bandra Kurla Complex in Mumbai, Maharashtra.

History of Citi Bank

• Citi Bank was established in India in the year 1902 in Calcutta (now Kolkata).
• Citi group which is also the owner of Citi India is the largest foreign direct investor in the financial services in the country.
• This is one of the banks which introduced the ATM for the first time in the country. The bank has also worked on numerous other innovations including 24-hour phone banking, instant SMS alert and internet banking to name a few.
• The bank serves over 2.5 million customers including clients from corporate houses, multinationals, entrepreneurs and individuals.
• Pramit Jhaveri is the current Vice Chairman of Citi Bank.

Services offered by Citi Bank

Citi Bank Credit Card: Citi bank offers a range of credit cards to its customers. These also include corporate credit cards.

Citi Bank Debit Card: Citi bank debit cards can be used to withdraw money from ATMs. Citi Gold World Debit Card and platinum Debit card can also be used by bank customers.

Citi Bank Fixed Deposit: A range of home loans are also offered by Citi Bank to its customers. The bank offers a competitive rate of interests on its home loans. Home credit option is also available on the different Home Loans which the bank offers. Interest rates savings can be availed under this scheme when faster repayment of the loan amount is done.

Citi Bank Home Loans: A range of home loans are also offered by Citi Bank to its customers. The bank offers a competitive rate of interests on its home loans. Home credit option is also available on the different Home Loans which the bank offers. Interest rates savings can be availed under this scheme when faster repayment of the loan amount is done.

Citi Bank Personal Loans: Different types of personal loans are also available for the customers of Citi bank. These can be availed for meeting the expenses on a wedding in the family or funding education of the children. The bank offers competitive interest rates to the customers on these personal loans.

Citi Bank Savings Account: Different kind of saving accounts including Citigold private client, Citigold priority and Citibanking account are available for the customers. The bank also offers a complimentary debit card to its customers which can be used for availing different facilities offered by the bank.

Interest Rates offered by Citi bank:

Citibank offers the below listed interest rates for different categories of saving accounts:

Fixed Deposit interest rates:

The bank offers attractive rate of interest depending upon the duration for which fixed deposit is done at the bank.

The bank offers a loan facility of up to 90 % on the deposits. Nomination facility is also available in Citibank. Interest on the deposits is paid at the time of maturity. There are multiple benefits of opening account in Citibank including the issuance of a complimentary debit card which is given to the customers at the time of opening of the account. The bank also offers ease in using internet banking with its simplified internet banking portal. It also offers easy withdrawals at ATMs worldwide which make it preferred banking options for people who travel abroad on a frequent basis. Exclusive privileges and reward points are also offered to the customers of Citibank. In addition, the bank also offers zero fees on a range of banking services which makes it unique in the real sense.