Citibank Savings Account Interest Rate & Minimum Balance 2025

Whether you want to save for the future or manage daily expenses, Citibank provides options like essential savings, salary, expatriate, senior citizen, and junior accounts. Each account type comes with unique features to suit different financial needs. Understanding the interest rates and minimum balance requirements is essential when opening a Citibank savings account. 

What is Citibank Savings Account?

A Citibank savings account is an interest-bearing deposit account with certain restrictions on the number and amount of withdrawals permitted within a specified period. It is intended for personal transactions that are non-business and non-commercial. An individual can open a Citibank savings account as a single account holder or jointly with another individual. Additionally, a minor can open an account jointly with a guardian.

Types of Savings Account in Citibank

Below is a breakdown of the different types of Citibank savings accounts and their key features:

• Citibank Savings Account
• Citibank Basic Savings Bank Deposit Account
• Citigold Account
• Citibank Junior Account
• Citi Priority Account
• Global Banking Account

Features and Benefits of Citibank Savings Account

Here are the features and advantages of different types of Citibank Savings Accounts:

How to Open a Citibank Savings Account Online?

To open a Citibank savings account online, you need to follow the steps given below:

• Go to the official Citibank website.
• On the homepage, go to the ‘Banking’ section.
• Select the type of savings account you want to open.
• Tap the  ‘Open a Bank Account’ option to proceed.
• Fill in the required details, including your name, mobile number, city, profession, and annual income.
• Agree to the terms and conditions by selecting the checkbox.
• Select the ‘Call Me’ option to move forward.
• If you meet the eligibility requirements, a Citibank representative will contact you.
• Visit the nearest Citibank branch with your KYC documents for verification.
• Once your application is approved, you will receive a confirmation message on your registered mobile number.

Your savings account will be activated, and you will receive a welcome kit.

How Much Minimum Balance is Required in Citibank Bank?

Citibank requires customers to maintain a minimum balance based on the type of savings account they hold. Here’s a quick breakdown of the minimum balance requirements as of 2025:

These minimum balance requirements represent the total relationship value across your Citibank accounts, including deposits, investments, and insurance holdings.

Citibank Savings Account Interest Rate 2025

As of 2025, Citibank interest rates on saving accounts stand at 2.50% p.a. This rate applies to all standard savings accounts, ensuring a steady way to grow your funds while enjoying Citibank’s premium banking services.

Citibank Savings Account Interest Rate For Senior Citizens

For regular savings accounts, Citibank does not offer a higher interest rate for senior citizens; the standard savings account interest rate is 2.50% per annum. ​However, Citibank provides an additional interest rate benefit to senior citizens on fixed deposits (FDs)—extra 0.50% over the standard FD rates.

Penalty for Not Maintaining Minimum Balance in Citibank Savings Account

Citibank imposes penalties for not maintaining the required Citibank minimum balance for savings accounts. The specifics can vary based on the type of account you hold. It's advisable to consult Citibank's official schedule of charges or contact their customer service for detailed information on penalties associated with non-maintenance of minimum balance.

Final Word

Citibank offers a variety of savings accounts with features like global banking access, complimentary debit cards, and financial advisory services. Whether you need a basic zero-balance or a premium Citigold account, Citibank provides flexible options to meet your needs. Maintaining the required minimum balance helps avoid penalties and ensures smooth banking. 

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