Citibank’s consumer business in India will be transferred to Axis Bank on March 1, 2023. India’s third largest private sector bank has completed the acquisition of the consumer business of Citibank India.
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Citibank’s consumer business in India will be transferred to Axis Bank on March 1, 2023. India’s third largest private sector bank has completed the acquisition of the consumer business of Citibank India. According to the notification given to the stock market, a deal has been made to acquire Citicorp Finance (India) Limited and Citibank India for an amount of Rs 11,603 crore. Citibank India has announced on its website that its consumer banking business will now be handled by Axis Bank.
Let us know how it will affect Citibank India accounts, debit and credit cards, ATMs, services and charges.
Will the account details remain the same?
Yes, your Citibank account details will remain the same post Axis Bank acquisition. Citibank says that you will be able to use your Citibank account and enjoy the benefits of your account without any change in your account number, IFSC / MICR code, debit card, checkbook, fees and charges.
What will be the changes related to your Citibank account after March 1, 2023?
Citibank India customers can expect these changes post March 1, 2023:
- Firstly, according to the rates of Axis Bank, the interest rate on savings account will increase.
- Apart from this, the new SWIFT code for foreign currency inward and outward transactions will be AXISINBB.
Will you be able to access Axis Bank ATM after March 1, 2023? What will be the charges on ATM?
Citibank has said that yes, you can automatically access any Axis Bank ATM after the date of transfer.
The number of free transactions you get at Citibank ATMs will remain the same at Axis Bank ATMs. Similarly, in addition to free transactions at Citibank ATMs, the existing charges will continue to be applicable at Axis Bank ATMs as well.
Will there be any change in your debit card details and benefits?
There will be no change in your debit card or withdrawal limit. He will continue to work with all the benefits and features.
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