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iWish Flexible Recurring Deposit

You have a wish, we have a perfect plan to help you fulfil it, and that too without any market risk. You heard it right, and that’s why we call it an iWish, your wish fulfilling deposit.

Whether it’s a dream car or a vacation or a financial goal in mind or a grand celebration, whatever you can think of can be fulfilled, you just need to start an iWish goal online and keep adding funds regularly. The good thing is you are not bound by any limits in terms of the amount of contribution you can make, so in a month if you wish to make a larger contribution then you can easily do so. You also earn stable returns similar to Recurring Deposit (RD).

So, what’s stopping you? Start financial planning for your goals.

With iWish give wings to your dreams.

iWish Calculator

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

Create iWish Flexible RD

Benefits of iWish Flexible Recurring Deposit (RD)

Goal-based savings
No penalty on missing deposits
Interest rate similar to RD/Fixed Deposit (FD)
Save any amount anytime

iWish RD Calculator

How to Manage iWish Flexible RD

Track your goals
Fund your iWish as and when you can

Change auto debit instruction
View all transactions

Terms and conditions

iWish RD Calculator

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	No	No	Yes
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	2.50%-5.50%	3.50%-5.50%	3.5%-5.35%
	For a particular tenure, interest rate is same in all three products

iWish RD Calculator

Interest rate for iWish Flexible Recurring Deposit

General

Senior Citizen

Interest Rate 3.50% for tenure 6 months

Rates of Interest (% p.a.) w.e.f October 21, 2020 INTEREST RATE CHART

*subject to revision without further notice

Interest Rate 4.00% for tenure 6 months

Rates of Interest (% p.a.) w.e.f October 21, 2020INTEREST RATE CHART

*subject to revision without further notice

iWish RD Calculator

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.

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