City Bank FDR
Citibank Fixed Deposit or FDR is a popular investment vehicle that provides fixed income for a fixed period of time to customers. In the current market context, Citibank FDR is a profitable investment.
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| City Bank FDR |
Features of City Bank FDR
- Customers can open FDR account at any branch of City Bank.
- Citibank has facility to open single and joint FDR account.
- Citibank FDR has attractive profit rates.
- City Bank provides 90% SOD loan facility to customers against the amount deposited in FDR. In other words, the customer can take 90% SOD loan against the money deposited in City Bank for his urgent needs.
- Customer can open any tenure FDR account with City Bank from 1 month to 5 years as per his convenience.
- The minimum deposit in FDR in City Bank is Tk 50,000 and the maximum is up to Tk 5 crore.
- Citibank provides FDR withdrawal facility before maturity. However, if the FDRT is canceled before maturity, the profit will be affected.
City Bank Fixed Deposit Interest Rate
Profit rate of Individual Fixed deposit account
- The profit rate of Individual Fixed Deposit Account is different for different tenures-
- City Bank offers 1.50% profit on FDR below Rs 1 Crore for 1 month tenure.
- Citibank pays 5.85% on 3 month FDR
- 91 days FDR City Bank will give you profit of 5.85%
- Citibank pays 5.85% on FDR with 182 days or 6 months tenure.
- 1 year, 2 year and 3 year FDR, customer will get profit of 5.85%
Monthly Interest paying FDR profit rate
- City Bank Monthly Interest paying FDR profit is paid to the customers every month.
- 6 months FDR A Citibank Profit will give you a profit of 5.80%
- 5.70% at 1 year FDR
- 5.55% at 2 year FDR
- 5.30% at 3 year FDR
- 5% at FDR for 5 years
Monthly profit rate on City Bank FDR on 1 lakh taka
- 1 lakh in 1 year at 5.85% profit customer will get profit of 5850 rupees.
- 1 lakh customer will get a monthly profit of Tk 488 in City Bank FDR before tax deduction
- After 10% tax deduction customer will get net monthly profit of Tk 440 with tin certificate.
- After 15% tax deduction customer will get net monthly profit of Tk 415 without tin certificate.
Read more - Eastern Bank Fixed Deposit Rate
Documents are required for City bank FDR
- Photocopy of account holder's NID card or passport, or birth registration or driving license.
- Copy of electricity bill or gas bill or water bill for proof of address.
- Two recent passport size photographs of the account holder.
- Photocopy of valid nominee's NID, or passport or birth registration or driving license.
- 1 recent photograph of nominated nominee which must be attested by the account holder.
- Tin Certificate (if any).
10% tax deduction for customer if tin certificate is available. If there is no tin certificate, the customer will get tax deduction of 15%.