Liquidity with higher returns
With the new Senior Citizens Account, you have the option of holding your money in Time Deposits, which can be linked to your Savings Account. You will enjoy both high returns on your money on easy liquidity. Here's more about Citibank:
Time Deposits:
- Higher Interest rates exclusive for you*
- Deposits are held in units of Rs. 1,000 for easy liquidity
- Choice of flexible tenures
- Option to set the automatic roll-over facility (renew your deposit when it matures, ensuring that your money never stops earning interest!)
- Option of overdrafts against your Time Deposit (allowing you to meet your short-term liquidity needs, while earning higher rates of interest on your deposit!)
Bill Pay: Simplify your life with FREE Online Bill Pay
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For Deposit (Fresh or Renewal) amounts less than Rs. 1 Crore, Senior Citizens Account holders get 0.5% extra rate of interest.
Tax Deduction at Source (TDS) the Tide application form will contain Form 15 H & Form 15 J for Senior Citizens. In case the form is duly filled in, then TDS will not be deducted on the interest payments on the Senior Citizen Tide.
Simply Call 24-Hour CitiPhone Banking or contact your Citibank Relationship Manager anytime, from the comfort of your home or office.