What will happen to my Citibank account in India?

Citibank announced it is shutting down its retail banking business including credit cards, savings bank accounts, personal loans, etc. in 13 countries including India. Excluding Singapore, Hong Kong, UAE, and London, the 4 wealth centers – from where the bank intends to operate its consumer banking business.

How do I close my Citibank NRI account?

If you wish to terminate this deposit on maturity, please complete the Fund Transfers Request Form. You can mail the completed form to the NRI Service Center in your country of residence or to Mail Room address. You can also visit any Citibank branch in India to hand over this form in person.

Is Citibank India closing down?

“Citi is not closing down consumer business in India. We will focus on the institutional business,” said an official of the bank. While scaling up the consumer banking business has been an issue, profits were not an issue for the bank as it reported a net profit of Rs 4,918 crore in the year ended March 2020.

How do I close my Citibank India account online?

To close an Account, simply contact your Account Manager or Documentation Specialist to discuss requirements and receive an Account Closure Checklist/Request form:

1. Fill in all relevant fields on the Account Closure Form.
2. Transfer funds via CitiDirect to zero the account balance.

Does Citibank charge to close account?

If you want to close a bank account, you should be aware of a potential early account closure fee….Early Account Closure Fees at Top U.S. Banks.

Can I close my Citi account online?

To close your Citi credit card account online, all you have to do is log into your Citi account and open the online chat feature. From there, tell the representative that you want to close your account and answer any questions they have.