ICICI Financial institution is a well-liked and main personal sector financial institution in India. It provides a variety of banking merchandise and monetary companies to retail prospects. This put up discusses all the pieces you must find out about iWish Versatile RD: ICICI iWish Versatile Recurring Deposit.
ICICI iWish
iWish is a novel versatile RD that lets you create objectives to avoid wasting for particular needs. These objectives are versatile RDs (Recurring Deposits). You’ll be able to deposit any quantity at any level of time throughout the opted tenure.
There aren’t any deposit dates so you possibly can deposit funds a number of instances in a month. Additionally, no penalty if you happen to miss the deposit in a specific month inside the tenure. You earn higher rates of interest on iWish Versatile RD similar to a Mounted Deposit.
Options and Advantages of iWish Versatile Recurring Deposit
Whether or not you need to save to purchase a car or gadget, go for a dream trip with your loved ones, a celebration or be it for every other objective, this RD helps you obtain it effortlessly.
The next are the important thing options and advantages of ICICI Flexi RD.
1. Save with a selected objective in thoughts. It can save you for celebration, trip, car, training, devices, down fee, and others.
2. Wide selection of tenures that vary from 6 months to five years.
3. Save any quantity anytime throughout the opted tenure.
4. No penalty on lacking deposits if you happen to don’t put money into a specific month.
5. Untimely withdrawal facility out there with pre-closure costs.
6. Nomination facility out there.
7. Earn rate of interest just like Recurring Deposit (RD).
Eligibility for iWish ICICI
It’s essential to be a resident particular person / HUF (Hindu Undivided Household) to open an ICICI Financial institution iWish. Apart from that, you must have an ICICI Financial institution Retail Internet Banking facility and not less than one financial savings account linked to it. Be aware that this facility just isn’t out there for Child-e-bank and NRI account. Click on right here to open an account.
ICICI iWish Curiosity Charges
ICICI iWish Curiosity Price ranges between 3.50% to five.35% p.a. for most people. Senior residents are supplied an rate of interest of 4.00% p.a. to five.85% p.a.
See the desk beneath to know the up to date ICICI iWish Curiosity Charges w.e.f. 07.09.2020.
| Tenure | Curiosity Price (% p.a.) for Basic | Curiosity Price (% p.a.) for Senior Residents |
| 6 months | 3.5 | 4 |
| 7 months – 9 months | 4.4 | 4.9 |
| 10 months – 11 months | 4.4 | 4.9 |
| 1 12 months | 5 | 5.5 |
| 1 12 months 1 month – 1 12 months 6 months | 5 | 5.5 |
| 1 12 months 6 months – 2 years | 5.1 | 5.6 |
| 2 years 1 month – 3 years | 5.15 | 5.65 |
| 3 years 1 month – 5 years | 5.35 | 5.85 |
Be aware: The rates of interest talked about above are up to date once in a while as per the financial institution’s discretion. Click on right here for the most recent rates of interest.
Untimely Closure of ICICI Flexi RD
You’ll be able to shut the ICICI Financial institution iWish account at any time. Nonetheless, you must pay pre-closure costs. For those who shut it prematurely, then the curiosity on it will likely be earned for the interval it’s held with the financial institution minus the penalty for pre-closure. The penal costs are 0.5% if the unique tenure is lower than 1 12 months and 1% for greater than 1 12 months.
| Unique Tenure of Deposit | Lower than Rs.5 crore | Rs.5 crore and above |
| Lower than 1 12 months | 0.50% | 0.50% |
| 1 12 months and above however lower than 5 years | 1.00% | 1.00% |
| 5 years and above | 1.00% | 1.50% |
Be aware: The penal charges are topic to revision with out additional discover.
ICICI iWish Calculator
You’ll be able to calculate how a lot you’ll want to avoid wasting to succeed in your want utilizing the ICICI iWish RD calculator. For ICICI Financial institution iWish Calculator, click on right here.
Ultimate Ideas – ICICI iWish Evaluation
iWish Versatile Recurring Deposit is a handy approach to make your needs come true. The iWish Versatile RD from ICICI Financial institution is an easy approach to make all of your needs come true. Due to this fact, begin ICICI Flexi RD Account and earn secure returns in your financial savings.
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