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Retirement Savings Plan - FAQs
Answering all your queries

Are you too young to plan for retirement?
The biggest ally you have in your goal to reach that hefty sum for retirement is time. The sooner you start the better.


How much is enough for the future?
It's simple really. Just note down how much you are spending currently, to estimate your future expenses. Plan how you would like to live during retirement, and set aside a required amount of funds, capturing changes in expenditures. That's planning with a defined goal in mind. You can also plan on a monthly contribution based on your savings and intended investment period. Use our online calculator.


And for how much time do I need to invest in this Plan?
You can choose a Plan from as short a span of 3 years, all the way to a comprehensive 20 year Plan. It all depends on your plan, investment objective and age. If you plan to retire in another 10 years you can begin today and use the power of compounding to make comfortable retirement a reality.


So how do I create a plan to make our retirement life really comfortable?
Your Relationship Manager will help you create a plan to meet your objectives.

Here's an example to show you how it works. In order to achieve a goal saving of $500,000 in 20-years from now, you would need to make a monthly investment of $800 p.m., at an assumed rate of return of 7%. This also takes into account an assumed saving of $20,000 today.

Your Current Age 40 Years
Age at Retirement 60 Years
Current Investments valued at $ 20,000
Savings at Retirement Age $ 500,000
Assumed Rate of Return 7% p.a.
Required Monthly Investment $ 800

This example shown above is Hypothetical and is for illustrative purposes only and does not represent the performance of any specific investment portfolio. Account Values were obtained by using a nominal rate of return compounded monthly. Contributions are assumed to be made at the beginning of each monthly period.


What makes Citibank® Retirement Savings Plan unique?
30 day FREE trial period

Flexibility to top up your regular monthly investment plan with lump-sum amounts as and when you have surplus funds to invest.

You can shift your funds from one profile to another FREE of cost up to 3 times a year, after the initial three year period.


Are there any added benefits to this Plan?
You will receive Personal Accident Insurance Cover for yourself depending on the monthly contribution, from ALICO-Family Guard*.

What's more, the Citibank® Retirement Savings Plan has lower charges than most long-term investment plans, thereby making your money work harder for you. Only 5% of your monthly contribution is used towards the Plan charges. (A fee of 5% of the total 3 year contribution amount up to a maximum of $500 would be imposed for all cancellations, within the first 3 years of the plan).

Family Guard Cover

Monthly Contribution
($ p.m.)
Personal Accident Insurance Cover
100 50,000
500 250,000
1,000 500,000
2,000 1,000,000
5,000 2,500,000

Click here to start a Citibank® Retirement Savings Plan today.

Investment products are not bank deposits or obligations or guaranteed by Citibank® N.A., Citigroup Inc. or any of its affiliates or subsidiaries unless specifically stated. Investment products are not insured by government or governmental agencies. Investment and Treasury products are subject to Investment risk, including possible loss of principal amount invested. Past performance is not indicative of future results: prices can go up or down. Investors investing in investments and/or treasury products denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause loss of principal when foreign currency is converted to the investors home currency. Investment and Treasury products are not available to U.S. persons. All applications for investments and treasury products are subject to Terms and Conditions of the individual investment and Treasury products.

*Citibank® Family Guard is a personal accident insurance plan underwritten and issued by American Life Insurance Company (ALICO) and is not an obligation of Citibank® N.A. Citibank® Family Guard is subject to ALICO Terms and Conditions. Citibank® N.A. will not be held responsible if any application/claim is rejected. Citibank® N.A. does not offer insurance advice or underwrite or issue insurance policies. Citibank® N.A. only provides customer support to the customer, receives payments from the customer and forwards them to ALICO. Premiums paid by the customer for this insurance plan are not a bank deposit or other obligation of, or guaranteed by Citibank® N.A., Citigroup or any of their affiliates and are subject to risks and possible loss of principal amount invested. Citibank® N.A. reserves the right to change the insurance company, which underwrites and issues the Citibank® Family Guard without prior notice to the customer. Citibank® Family Guard is optional and not a condition of any Citibank® N.A. product offered.

Regular Savings Plans - Online Calculators