savings index-offers

Benefits of iWish Flexible Recurring Deposit (RD)
iWish Calculator

What are you saving for?

  • 1,00,000
  • 15 months
  • Rate of Interest: 7.6%
  • Every Month
    • Every Month
    • Twice in Every Month

Here’s how much you’ll need to save to reach your wish

  • 6,376
  • 1,00,616
  • 4,976
Create iWish Flexible RD
infograph infograph
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 Deposit

One time fixed investment

Regular Recurring Deposit

A Regular but a compulsory investment of small amounts

iWish Flexible Recurring Deposit

Regular 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 10 years
Rate of interest 4.00%-6.60% 5.50%-6.60% 5.50%-6.60%
 

For a particular tenure, interest rate is same in all three products

Interest rate for iWish Flexible Recurring Deposit
General
Senior Citizen
Interest Rate 5.50% for tenure 6 months

Rates of Interest (% p.a.) w.e.f November 20, 2019 INTEREST RATE CHART

*subject to revision without further notice

Interest Rate 6.00% for tenure 6 months

Rates of Interest (% p.a.) w.e.f November 20, 2019INTEREST 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.

Customer Reviews

Sort By