Can we break iWish RD?

Is withdrawal of part amount allowed from the iWish Flexible RD account? No, part withdrawal is not allowed. You can, however, withdraw the entire amount before the end the tenure by paying premature closure charges.

Can we break RD before maturity in ICICI Bank?

The amount can only be withdrawn on maturity. In case of emergency you can break your RD before maturity, but after that your account will be closed.

How does Icici iWish work?

How does the iWish Account work? iWish is a unique flexible Recurring Deposit which allows you to create goals to save for specific wishes. You get added benefit of contributing any amount, at any point of time. You earn better interest rates on your Recurring Deposit just like a Fixed Deposit.

What happens when you close iWish?

If an iWish Account is prematurely closed, then the interest on it will be earned for the period it is held with the bank minus the premature closure charges of 0.5\% if original tenure is less than 1 year and 1\% for more than 1 year.

What is Icici iWish?

What is ICICI Bank iWish? iWish is a unique deposit which allows you to create goals to save for specific wishes. These goals are flexible Recurring Deposits with the added benefit of contributing any amount, at any point of time.

How can I close my iWish RD account in Icici Bank?

Login to iMobile -> Accounts & Deposits -> iWish-Goal based savings -> Select the iWish > Close iWish. You will be unable to partially withdraw the money mid-way. You can withdraw money mid-way by closing your iWish.

What is the penalty for premature closure of RD in Icici Bank?

Premature Withdrawal of RD

Original Tenure	Penalty Rates
Less than 1 year	0.50\%
1 year & above – less than 5 years	1.00\%
5 years & above	1.00\%

What happens if I close iWish?

What is the penalty for premature closure of an iwish account?

Please note that the applicable penalty will be charged for premature closure of goal. If an iWish Account is prematurely closed, then the interest on it will be earned for the period it is held with the bank minus the premature closure charges of 0.5\% if original tenure is less than 1 year and 1\% for more than 1 year.

Is iwish available in ICICI Bank?

Yes, iWish is available only to ICICI Bank Savings Account holders. In case you do not have an account you can apply online at http://www.icicibank.com/Personal-Banking/account-online/savings-account/savings-account.html Do I need my Internet Banking User ID and password to create a goal?

How can I Fund my goal in ICICI Bank?

You can choose to fund your goal through one of the Savings Accounts linked to your ICICI Bank Internet Banking User ID. These linked Savings Accounts are known as funding sources in iWish. How can I deposit money into my goal account?

Can I partially withdraw the money from my iwish goal?

No. You cannot partially withdraw the money from your iWish goal mid way. You can withdraw money mid way by closing your goal. However in that case, you will earn interest at the rate corresponding to the period the goal is held with the bank.