Citi Bank has established itself as a reliable banking institution in India. This bank is giving tough competition to the bigger banks in India like SBI and ICICI Bank. The bank is actually a foreign bank making its mark in the Indian market. The bank is operating in India way back since 1902.
The bank offers aone-stop solution to all the credit/debit card, insurance, loans, as well as savings account needs for the users. Here, we shall discuss the various services offered by the Citi Bank in India.
Credit Cards offered by Citi Bank
- This card features a small annual fee of 1000 Rs. per annum. You need to pay this fee as a renewal fee every year.
- The card also features a high-interest rate of 39% per annum.
- You can avail up to times of the reward points when shopping at the partnered outlets using this card.
- This card also offers benefits on dining experiences at over 2000 different restaurants throughout the country.
- The best part about using the Citi Rewards card is that there is no expiration date on the accumulated reward points.
- The Citi Premier Miles credit card is the perfect choice for avid travellers. This card offers a lot of vouchers and benefits on travelling, hotel booking as well as flight booking experiences.
- You avail up to 10 miles with every 100 Rs. that you spend with this card for booking a flight ticket.
- The miles accumulated on the card are redeemable at the partnered airlines throughout the year.
- You also get complimentary access to airport lounges across India.
- The card also offers you dining benefits by offering 20% discount at over 2000 different restaurants throughout the country.
- The Indian Oil Citi Platinum card is the perfect choice for people who love to travel by road in their own vehicles.
- This card offers benefits of fuel recharges at fuel stations all over the country.
- You get access to over 4 turbo points for spending 150 Rs. with this card at the featured outlets.
- You can get access to over 71 litres of free fuel annually using this card to purchase fuel.
- You also get the freedom to choose three add-on cards with the Indian Oil Citi Platinum Card for free.
- The Citi Cash Back card helps you in saving on movie ticket purchases as well as other retail expenses.
- The card can be availed for a small annual fee of 500 Rs. per annum.
- You can get up to 5% cash back on all movie ticket bookings and other utility bill payments like rent, electricity bill, gas bill, etc.
- The card also offers you dining benefits by offering 20% discount at over 2000 different restaurants throughout the country.
- You can get up to 0.5% cash back on making other retail purchases using this card.
- This card is perfect for people who are avid shoppers at the Shopper’s Stop malls and outlets.
- You can earn up to 4.9% of cash back using the First Citizen points accumulated by shopping at the partnered outlet.
- You get access to the exclusive sale previews held by the Shopper’s Stop outlet annually.
- You can get instant emergency card replacement service for this card.
- The card also offers you dining benefits by offering 20% discount at over 2000 different restaurants throughout the country.
Loans offered by Citi Bank
- Citi Bank is one of the few premier banks in the country that offer a high amount of personal loan at a moment’s notice.
- You can get a personal loan of up to 30,00,000 Rs. with the personal loan scheme by Citi Bank.
- The interest rate for the personal loan is calculated every month and is fixed with predictable monthly instalments.
- You can also make partial or full pre-payment of the personal loans acquired from Citi Bank at small processing fee costs.
- You can easily use the property as your own even after pledging them as a collateral with the bank.
- The interest on this secured loan is calculatedon a daily reducing balance that allows you to take the benefits of loan prepayment.
- You can get up a loan of up to 20 lakh Rs. against equity mutual funds, shares, or PSU bonds.
- You can easily pay back the loaned amount using a cheque book, free ATM debit card as well as internet banking.
- Citi Bank is one of the few banks in India that offer a high-value home loan of up to 10 Crore Rs. at a time.
- You can avail a flexible loan repayment period from anywhere between 1 year to 25 years.
- You can easily avail a loan of up to 80% of the total value of the house at that time.
- The interest on this secured loan is calculatedon a daily reducing balance that allows you to take the benefits of loan prepayment.
- You get access to a separate home loan account via the branch as well as the internet to keep track of the repayment.
- This is another one of the secured loan types offered by Citi Bank.
- Citi Bank is offering a loan against theproperty of up to 5 Crore Rs. at a time.
- You can avail a flexible loan repayment period from anywhere between 1 year to 15 years.
- You can easily avail a loan of up to 70% of the total value of the house at that time.
- The interest on this secured loan is calculatedon a daily reducing balance that allows you to take the benefits of loan prepayment.
- Citi Bank is one of the few banks in India that offer a special loan for thepurchase of heavy earth moving vehicles as well as transport vehicles.
- You can easily finance your purchase of an old or a new commercial vehicle using this loan. It is easier to get a loan on the purchase of a new vehicle compared to an old one.
- You can finance the purchase of a new/old construction equipment using either this special loan or a loan against property too.
Insurances offered by Citi Bank
- The life insurance plan offered by Citi Bank offers a complete insurance against the possible disability or death of the policyholder.
- The life insurance types offered by Citi Bank are further classified into the following types,.
- Protection
- Child Plan
- Legacy Planning
- Savings
- Retirement
- The various popular products of life insurance offered by Citi Bank include,
- TATA AIA Wealth Maxima
- TATA AIA MahaLife Gold Plus
- TATA AIA Life Insurance Gold Income Plan
- TATA AIA Life Insurance Sampoorna Raksha
- The health insurance offered by the bank also covers the treatment and surgery costs for the policyholder in case he/she is involved in an accident.
- This insurance policy allows the policyholder to carry out a cashless transaction for all the medicinal purchases and treatments at several hospitals throughout the country.
- The health insurance products offered by Citi Bank include,
- Health Forever
- Smart Cash
- Personal Accident Care Platinum
- Lifeline
- The travel insurance offered by Citi Bank is classified under the non-life insurance type of insurance.
- The insurance policy offers a coverage of international hospitalization expenses of up to 1,50,000 US Dollars. This health cover includes emergency medical evacuation costs, dental treatment costs, etc.
- This insurance offers a coverage for loss or delay of baggage arrival at the airport. It also offers protection against the loss of travel documents, delayed/cancelled trip, etc.
- This insurance also covers the damage done to your house in India in case of a potential robbery theft while you are travelling overseas
- The Residential Property Insurance is also known as the Home Building insurance at the Citi Bank.
- You can avail the benefits of the entire cost of reconstruction in case of damage to your house by a man-made or a natural disaster.
- You can avail this insurance plan for a period of 10 to 20 years for your house.
- The bank has partnered with Royal Sundaram General Insurance company to bring you additional benefits of covering the expenses for are-evaluation of property reconstruction by architect and engineers.
- The commercial insurance covers 12 different types of instances of damage to your business.
- You get the complete protection against several natural as well as man-made disasters with your property.
- The burglary and housebreaking policy is included in the commercial insurance clause by default to protect you against threats of robbery.
- The policy several different types of mechanical or electrical damages to your commercial space under the insurance clause.
Savings Accounts offered by Citi Bank
- This savings account offers a free ATM cash withdrawal facility all over the world.
- You get access to 1 reward point on spending 100 Rs. with the free debit card that you get with the account.
- The account comes with the Citi Priority World Debit card that also offers benefits on dining experiences at over 2000 different restaurants throughout the country.
- You can also avail the Citibank Premier Miles Credit card for free a small fee along with this account.
- As the name suggests, this account is specially made for expatriates.
- This account allows you to take a cash advance from the account of up to 1000 US Dollars in case your debit card is stolen or lost.
- You can open this account with zero balance and can get an opening kit that offers an ATM debit card as well as cheque book with necessary details.
- You can withdraw up to 50,000 Rs. cash in case of an emergency using the debit card on this account.
- This account is specially created for senior citizens of our country.
- It offers an extra 0.5% of the interest rate on the deposited amount within the account.
- You get access to a free debit card with a lost card liability to protect you against financial damages via fraudulent usage for up to 50,000 Rs.
Debit Cards offered by Citi Bank
- This card is specially designed for NRI people in India. It provides the users with a debit card and an ATM Pin as soon as you create a new account.
- This card allows you to withdraw cash at any time around the globe easily.
- You can earn 1 reward point on spending every 100 Rs. with this card at POS terminals as well as while shopping with online stores.
- This card allows you to withdraw cash at any ATM around the world.
- The Citi Gold World Debit Card allows you access to 1 reward point on spending every 100 Rs. at a POS terminal or while shipping with online stores.
- You can also avail a complimentary insurance coverage for your card.
- You get access to dining privileges with this card at over 1900 restaurants around the country with the Platinum Debit Card.
- You can also get access to frequent flier miles on using the debit card to book the flight tickets with the card.
- The private client world debit card exclusively crafted for business executives that deal with an international clientele on a daily basis.
- You can get an account related assistance with this card 24 x 7 within 20 seconds of placing the call.