iWish-Better returns FAQs

What is the rate of interest?


You earn better interest rates on your Recurring Deposit just like a Fixed Deposit. Click here for interest rates. Please note that there are no special rates for senior citizens.

What if I am not able to deposit money towards my goal in a certain month? Will I continue to enjoy better returns?


There are no penalties or charges if money could not be deposited towards your goal every month. You will continue to enjoy the rate of interest applicable on your recurring deposit on the funds available in your account.

What if a goal is not achieved by the end of a goal period? Will I continue to enjoy better returns?


ICICI Bank does not charge any penalty if a goal is not reached within the goal period. You will enjoy the rate of interest applicable on your recurring deposit on the funds available in your account.

What if I achieve the goal early?


You can continue to keep the amount into your goal account till the end of the period for which goal was originally targeted to be achieved. You will continue to get a higher rate of interest for the rest of the period.

Can I close the goal mid way even if it is not achieved/ achieved early?


Yes. You can close the goal mid way even if it is not achieved. In such a case, you will not earn the interest rate mentioned at the time of goal creation. You will earn interest at the rate corresponding to the period the goal remained with the Bank. Beside this, penalty of premature closure of account will be levied on the applicable rate. Click here for penal interest rates.