iWish-Manage goals FAQs
How can I manage my goals?
You can see the list of all your goals by clicking on “Goals” on ICICI Bank iWish page. The “Goals” page displays a list of all your Open and Closed goals along with the progress. By clicking on an Open goal you can rename the goal, add funds to the goal, change the sharing settings and close the goal. You will also get SMS alerts when various milestones relating to a goal are achieved such as goal creation, funding of goal, goal closure and goal target progress.
Can I modify my standing instructions given for transfer of money into my goal account?
You can modify your standing instructions by clicking on the Manage button below the goal. If required, you can also create additional standing instructions. An option to cancel the standing instruction is also provided. If you want to cancel a particular transaction of the standing instruction, you can do so on the trigger date.
What if I do not make a request for closure of the goal at the end of goal period?
Your goal deposit will continue to be in your ICICI Bank account and it will be treated as overdue account. You will earn Savings Account rate interest for the period starting from lapse of the goal period (i.e. maturity date) till the date a goal closure request is made.
Can I close the goal mid way even if it is not achieved?
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.
Can I partially withdraw money from my goal mid way? Will it impact my interest earning?
No. You cannot partially withdraw money from your goal mid way. You can withdraw money mid way by closing your goal. However in this case, you will earn interest at the rate corresponding to the period the goal remained with ICICI Bank. Besides this, an applicable penalty will be charged for premature closure of goal.