How to Apply for Citibank Savings Account Online, Interest Rate, Features

Customers can choose a savings account with Citibank if they want to increase their savings as well as a variety of other benefits. Citibank has introduced a range of savings accounts to cater to various segments of the population, including a basic savings account, salary account, expatriate savings account, senior citizen savings account, junior savings account, etc. Rewards points for every transaction, interest on deposits, phone and internet banking abilities, round-the-clock customer support, and other benefits are just a few of the benefits that come with these accounts.

Citibank Savings Account Types

Let’s talk about the several types of savings accounts Citibank offers before we go into how to open one.

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Citibank Savings Account

Customers of Citibank can conduct personal banking with the ordinary savings account offered by Citibank. The following is a list of the attributes and advantages of the Citibank savings account:

Features and Advantages of a Citibank Savings Account 

• The Citibank Platinum debit card is accepted all over the world.
• Customers who use the CitiBank Platinum debit card are given reward points for each purchase they make. One reward point is offered for every 100 rupees spent. Reward points can be redeemed for money or miles on an airline.
• Customers with Citibank savings accounts can consult a financial advisor at their local bank office to make investment and financial planning decisions.
• The consumer may use the Emergency Cash Advance feature for up to $1,000 if his or her debit card is either lost or stolen.
• Customers have three options for accessing their accounts: through their internet banking profile, Citi Mobile and SMS banking, or Citi Phone Banking.
• Customers must maintain a minimum relationship value of Rs. 2 lakh, which can take the form of a mortgage, Demat account, term deposit, insurance, etc.
• Customers benefit from an interest rate of 4% on their deposits. Half-yearly interest payments are made.
• Customers using the CitiBank Platinum debit card are not subject to transaction fees at any IndianOil locations.
• The 20% discount is available to customers at more than 2,000 partner restaurants on their dining expenses.
• Customers of Citibank receive 4,000 bonus reward points as a welcome bonus when they sign up for the Citibank Rewards Credit Card.
• Customers can obtain personal loans up to Rs. 15 lakh and house loans at competitive rates using their Citibank savings account.
• You can open a joint account with Citibank in addition to a single account.

Citibank Savings Account for Expats

• The following are the characteristics and advantages of the account, which are customized to the particular needs of Citibank’s international clients:
• Customers who have an expatriate Citibank savings account can send money with the ease of a single piece of identification.  
• Customers with the Expatriate Citibank savings account can consult a financial advisor at their local bank branch to make investment and financial planning decisions.
• If a customer’s debit card is lost or stolen, they can use the Emergency Cash Advance facility up to $1,000.
• Customers can invest in mutual funds, term deposits, etc. with this account.
• Customers receive a complimentary Citibank Platinum debit card with a Rs. 1 lakh daily withdrawal cap. The Citibank Platinum debit card is accepted all over the world.
• Customers who use the Citibank Platinum debit card receive one percent cash back on each purchase. For every Rs. 100 spent, customers who are members of the frequent flyer club receive 2 miles points.
• Customers of Citibank can take advantage of the 20% discount on eating expenses at more than 2,000 partner restaurants.

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Citi Priority Account

• Citibank has launched the Citi Priority Account to serve their clients’ individual demands. The following is a list of the account’s features and advantages:
• The 24-hour Citiphone helpline is a feature of the Citi Priority Account.
• Customers gain access to the Digital Financial Planner and receive first-rate wealth management services with this account.
• Clients who open an account are given a Citi Priority World debit card, which entitles them to visit airport lounges for privileged customers and allows them to accrue reward points for each transaction. Customers receive two reward points for every Rs. 150 they spend.
• The increased withdrawal and spending cap for the Citi Priority World debit card is Rs. 1.5 lakh per month.
• Customers of Citibank who have a Citi Priority World debit card can take advantage of a 20% discount on dining expenses at more than 2,000 partner establishments.
• Customers can obtain personal loans using this account at advantageous interest rates with no processing fees.
• The application fee will not be charged if a client uses this savings account to apply for a house loan.
• Customers who apply for the Citibank Premiermiles Credit Card will get a 10,000-mile initial bonus after they are approved.
• Customers can get up to Rs. 50 lakh in personal accident insurance coverage.
• Customers with this account can use the phone banking, tablet banking, and mobile banking services of Citibank to access it.
• In the event that a customer’s debit card is either lost or stolen, they may use the Emergency Cash Advance facility up to $3,000 in total.
• Any ATM withdrawal anywhere in the globe is costless.
• Customers can take advantage of the Citi World Privileges, which offer deals and discounts at more than 40,000 retailers in 30 different countries.

Citibank Suvidha Salary Account

• The Citibank Suvidha Salary Account is a zero-balance account that is intended exclusively for people who are employed. The following is a list of qualities and advantages:
• Customers receive a free debit card and chequebook upon creating an account.
• Rs. 50,000 is the daily withdrawal and spending cap.
• Customers can also add their photo to their debit card to further personalise it.
• Customers can transfer money via the NEFT, RTGS, and NEFT services through the internet banking service.
• Customers may also use the bill-paying service connected to their savings account to pay their electric bills.
• Customers can use the phone banking, tablet banking, and mobile banking services of Citibank to access their accounts.
• 24/7 customer support from Citibank.
• Customers can use the automatic overdraft facility, which is limited to Rs. 5 lakh and equal to five times the working individual’s pay, using the Citibank Suvidha Salary Account.
• Customers can obtain personal loans using this account at advantageous interest rates with no processing fees.
• Customers of Citibank can take advantage of the 20% discount on eating expenses at more than 2,000 partner restaurants.
• The Citibank Suvidha Salary Account now offers 4% interest on deposits.
• Every transaction allows customers to accrue reward points.
• Customers can use the automatic overdraft facility, which is limited to Rs. 5 lakh and equal to five times the working individual’s pay, using the Citibank Suvidha Salary Account.
• Customers can obtain personal loans using this account at advantageous interest rates with no processing fees.
• Customers of Citibank can take advantage of the 20% discount on eating expenses at more than 2,000 partner restaurants.
• The Citibank Suvidha Salary Account now offers 4% interest on deposits.
• Every transaction allows customers to accrue reward points.

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Citibank Senior Account

• The characteristics and advantages of the savings account, which are specifically created for older folks, are listed below.
• A 0.5 percent higher interest rate on deposits is available to customers who have Citibank Senior Accounts.
• Customers can use the overdraft facility, invest in term deposits, and more through the Citibank Senior Account.
• Any ATM in the nation allows users to withdraw money for nothing and as often as they want.
• Customers can ask for an in-depth bank statement to see how their money is coming in and going out of their account. 
• Customers of Citibank can use the debit card that is provided when opening an account to receive discounts at all partner merchant websites and eateries.
• Customers can use this to obtain affordable personal loan insurance, home loan insurance, and trip insurance.

Citibank Junior Account

The Citibank Junior Account’s characteristics and advantages are described below. It was created to help children and minors save for the future.

• Individuals younger than 18 years old are eligible to open this account.
• The juvenile is the primary account holder for this account, and the minor’s parents or legal guardians are the secondary account holders.
• To be eligible to open a Citibank Junior Account on behalf of a minor, the parents or guardians must already have a savings account with the bank.
• The parents or guardians of the minor determine the debit card cap.
• For the benefit of the minor, the Citibank Junior Account can be utilised to invest in mutual funds, term deposits, etc.
• Free use of the phone and online banking services.
• A 24/7 customer support service is available to customers.

Citibank Basic Savings Bank Deposit Account and Small Account

• The Citibank Basic Savings Bank Deposit Account and Small Account was launched by Citibank with a focus on those from rural areas and those without the necessary papers. The following is a list of the account’s features and advantages:
• When opening the Citibank Basic Savings Bank Deposit Account and Small Account, customers receive a free debit card and chequebook.
• There is no required minimum balance for this savings account.
• No more than Rs. 10,000 can be withdrawn each month.
• There should never be more than Rs. 50,000 in the account at any given time.
• With this account, foreign remittances are not permitted.
• A Rs. 1 lakh personal accident cover is provided for Citibank Basic Savings Bank Deposit Accounts and Small Accounts created under the Pradhan Mantri Jan Dhan Yojana.

How to Apply for Citibank Savings Account Online

Customers have the option of opening a savings account online or at the local bank branch. They would have to do the following actions to do that:

How to Open an Online Savings Account with Citibank

• Go to the official Citibank banking website.

• When the homepage appears, click “banking.”
• Select the savings account you want to open right now.
• Go to “open a bank account” and click.
• Enter your name, phone number, city, occupation, and annual salary now.
• The “I agree to the terms and conditions” button should be clicked.
• Click “call me” after that.
• The bank executive will call consumers if the eligibility requirements are satisfied.
• After doing this, you must go to the bank with your KYC documents to complete the verification procedure.
• Customers will receive a welcome kit and a notice message on their registered mobile number once their request to open a savings account has been approved.

How to Open an Offline Citibank Savings Account

• Go to the Citibank location that is closest to you.
• Make sure you have all the necessary KYC documentation.
• Tell the bank employee there that you want to open a savings account.
• Select the savings account that you want to start.
• Complete the application for that specific account.
• submit the identity and address verification documents needed for KYC.
• Once the application form and the KYC documents have been received, the verification process will start.
• When your savings account is activated, the bank will let you know and send you a welcome package.

Required Documents to Open a Citibank Savings Account

The supporting documents needed to open a Citibank savings account are listed below.

• Proof of identity – Aadhaar card, Passport, PAN, etc.
• Proof of Address – Passport, Driver’s licence, Voter’s ID, etc.
• PAN card copy.
• Employment letter (if required).

FAQ’s