Investments Investments designed to meet your unique needs

No, we will migrate your existing Citibank savings or current account and any linked investment account to the Axis Bank platform.

Yes, all your holdings will reflect under Axis Bank Limited AMFI Code: ARN-0019.

FATCA: If you are an individual customer and have already provided FATCA documents, you are not required to submit the details again. However, if your FATCA / KYC documents are not updated, you will be prompted to update the details on the Axis Bank platform while executing transactions through Internet / Mobile Banking App open or through any of our branches.

Non-Individual customers will be prompted to submit their latest UBO (Ultimate Beneficial Owner) and FATCA declaration at the Axis Bank branch at the time of executing the first transaction after the completion of Investment account migration.

KYC updates: If your KYC documents are already updated, you will not be required to update the same again for either type of accounts i.e., Individuals and Non-Individual.

Your bank account number will remain the same post the migration to Axis Bank. However, the IFSC and MICR code for your account have changed. We will update the same on best effort basis with the Registrar & Transfer Agents, Depositories and PMS/AIF providers. You are also requested to verify this across your investment holdings.

Please visit your nearest Axis Bank branch or contact your Relationship Manager. Alternatively, an investment account can also be opened easily from the Axis Bank Internet Banking / Mobile Banking App, open.

Your accounts as well as your investment portfolios will continue as is. The migrating savings and linked investment account will be housed under your existing Axis Bank Customer ID. The investment account number of the migrating account will comprise of 10 digits of your erstwhile Citibank Investment account number + last 4 digits of the linked Current/ Savings account (Total: 14-digit account number). You will be able to view and manage your account and investment portfolio via various Axis Bank platforms like Internet Banking and Mobile Banking

In case your investment account(s) (Axis or Citi) are not enabled for online access due to any of the SEBI regulatory requirements such as KYC, FATCA declaration or risk profile updation, you will be prompted to contact your Relationship Manager or nearest Axis Bank branch to update the same and enable online access.

• Your existing Citibank risk profile will be migrated to Axis Bank along with the existing expiry date. It will be valid till the expiry date or 1 year, whichever is earlier.

• Risk profiles at Citibank will be mapped to Axis Bank Risk Profiles as follows:

• In case your risk profile is in expired status, you will be prompted to update the same when executing your first investment transaction through Axis Bank Internet Banking or Mobile Banking App, open or an Axis Bank branch.

• In case you have multiple risk profiles across various Citibank investment accounts, the lowest risk profile will be migrated to Axis Bank.

You will get access to all investment products (within your Risk profile) that are on offer currently on the Axis Bank platform . For more details click on the link:

• You can make Mutual Fund transactions through Axis Bank Internet Banking or Mobile Banking App, open (Available to individual account holders). You can also reach out to any Axis Bank branch for the same.

• Transactions in PMS, AIF and bonds can be executed through any Axis Bank branch.

• Sovereign gold bonds can be purchased through Axis Bank Internet Banking or Mobile Banking App, open or any of the Axis Bank branch.

Citibank Online and Citibank Mobile App will not be functional post the migration and hence you will not be able to use the same login ID and password. You will need to register on Axis Bank Internet Banking / Mobile Banking App, open and setup a new login ID and password. The login credentials that you set for your Axis Bank account can also be used to access your investment portfolio. (Available to individual account holders)

All existing SIP registrations will be migrated and mapped to the corresponding Axis Bank Investment account.Similarly, all mandate(s) will be mapped to the migrated savings / current account.

Following investment reports will be available for you to download through Axis Bank Internet Banking / Mobile Banking platforms, open, in lieu of the erstwhile CRISIL reports:
1. Portfolio holding statement
2. Transaction statement
3. Capital gain / loss statement
4. Dividend (IDCW) statement.

These statements provide similar information as was available in the erstwhile CRISIL reports.

The CRISIL reports will not be available post the migration.

Your lump sum investments will be merged in the existing Axis Bank investment account. Any existing SIP in the Citibank system will be discontinued from Citibank platform and re-registered or re-activated under existing Axis Bank investment account automatically at our end.

All accounts that are blocked on the Citibank system will be migrated to Axis Bank in a blocked status and you will be required to contact your Relationship Manager or visit the nearest Axis Bank branch to activate the account.

Yes, historical data for active folios will be available post migration on Axis Bank platform . However, historical data will not be available for any folio that was closed in the Citibank system.

Yes, existing Systematic Withdrawal Plans will also be migrated along with SIPs as upon migration from Citibank to Axis Bank systems.