In case of any change during the course of the transition, Axis Bank will update the borrowers.ġ0. Citibank home loan: If you have a home loan that is benchmarked to Citibank mortgage prime lending rate, base rate, or marginal cost of lending rate (MCLR), the same will not undergo any change. Your investments in mutual funds, PMS, or AIF will be transferred to Axis Bank.ĩ. But, any new NRI deposits will be as per Axis Bank's rates.Ĩ. Citi NRI bank account: The existing NRI deposits (NRE/NRO/FCNR) will continue to earn interest as per the rates they were earning on their Citi deposits. Notably, the Citigold 'Global Banking Privileges' will cease today.ħ. However, any charges currently applicable over and above free transactions at Citibank ATMs will be charged on transactions at Axis Bank ATMs too.Ħ. The number of free transactions currently available to you at Citibank ATMs will be extended to Axis Bank ATMs. You will be able to access any Axis Bank ATM. If you have an insurance policy availed through Citi India, the features would remain the same and will continue to be serviced by Axis Bank.ĥ.
The earning ratio and redemption process of the reward points in both credit and debit cards will remain the same.Ĥ.
Citi Mobile App or Citibank Online will remain functional.ģ. Your bank account numbers, credit and debit card numbers, chequebooks, and IFSC will remain the same.Ģ.
The website mentioned that the trademarks "Citi", "Citibank", "Citigroup", the arc design, and all similar trademarks and derivations thereof are used temporarily under the license by Axis Bank from Citigroup Inc and related group entities.ġ. Citibank India has on its official website informed its customers that "Citi India has transferred ownership of its consumer banking business to Axis Bank with effect from 1 March 2023".įurther, Citi India advised its customers that they can continue to use "all existing Citi products and/or services, branches, ATMs, internet banking and Citi Mobile app as usual".
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