_08.png)
_19.png )
_26.png)
LOGIN
More
What is a Pension Plan and How It Works?
High inflation and lack of social security initiatives in the country are two of the biggest reasons why one should invest in pension plans.
Sorry, but the page you were trying to view does not exist.
It looks like this was the result of either:
- a mistyped address
- an out-of-date link
Manage iWish Flexible RD
-
Track your goals
-
Fund your iWish as and when you can
-
Change auto debit instruction
-
View all transactions
Comparison between regular FD, RD and iWish Flexible RD
Fixed DepositOne time fixed investment |
Regular Recurring DepositA Regular but a compulsory investment of small amounts |
iWish Flexible Recurring DepositRegular investment with flexibility to save large or small amounts as per fund availability | |
|---|---|---|---|
| Goal based planning | |||
| Minimum Deposit amount | ₹10,000 | ₹500 | ₹50 |
| Next Deposit amount | Not allowed | Multiples of 100 | Any amount |
| Next Deposit date | Not Applicable | Fixed date every month | Any time |
| No penalty for missed deposits | Not Applicable | Penalty charged | No penalty |
| No. of deposits allowed in a month | Not Applicable | Once a month | Any number of times |
| Duration | 7 days to 10 years | 6 months to 10 years | 6 months to 5 years |
| Rate of interest | 2.75%-5.50% | 4.10%-5.50% | 4.10%-5.50% |
|
For a particular tenure, interest rate is same in all three products |
|||
Interest rate for iWish Flexible Recurring Deposit
General
Senior Citizen
Interest Rate 4.10% for tenure 6 months
Rates of Interest (% p.a.) w.e.f June 16, 2020 INTEREST RATE CHART
*subject to revision without further notice
Interest Rate 4.60% for tenure 6 months
Rates of Interest (% p.a.) w.e.f June 16, 2020INTEREST RATE CHART
*subject to revision without further notice
Frequently Asked Questions (FAQs) for iWish
What is an iWish flexible RD?
iWish flexible RD 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. You earn better interest rates on your Recurring Deposit just like a Fixed Deposit. For the rate of interest, click here.
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. To know the existing iWish interest rates, click here.
How do I add money to my iWish Account?
You can add money in your iWish Account through iMobile app and Internet Banking:
iMobile app:
- Log in to iMobile app
- Select iWish Flexible RD in Accounts & Deposits
- Select the iWish Account you wish to fund
- Click on Fund Now to transfer funds immediately or click on Set Standing Instruction to set up and fund regularly.
Internet Banking:
- Log in to Internet Banking
- Select Exclusive Offerings tab
- Open your iWish dashboard
- Click on Fund Now for the iWish you want to fund.
You can also enable auto debit to set up Standing Instruction for the iWish of your choice.
What is the interest rate for iWish?
To know the existing iWish interest rates, click here.
To open iWish, click here.
How do I withdraw money from iWish Account?
You can withdraw money mid way (premature) from iWish 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 and 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.
Enter your details here to write a review