Guidelines

Can I withdraw money from iWish?

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Can I withdraw money from iWish?

No. You cannot partially withdraw the money from your iWish deposit mid-way. You can withdraw money mid-way by closing your iWish. However in that case, you will earn interest at the rate corresponding to the period the iWish is held with the bank.

What happens after iWish matures?

On Maturity the proceeds will be credited to the customer’s saving account and from there it will be transferred to Partner current account. (this will be done on the basis of consent taken from the customer during the creation of iWish).

Is iWish interest taxable?

Tax implications of iWish According to the Finance Bill, passed on June 1, 2015, Tax Deducted at Source (TDS) will be deducted on the iWish flexible RD Account interest rate. The interest earned from all your Fixed Deposits (FDs), RDs and flexible RDs will be combined for tax computations.

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What happens if iWish goal achieved early?

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.

What is the difference between RD and iWish?

The iWish flexible recurring deposit is a special type of RD offered by ICICI Bank to its savings bank customers. It’s similar to a recurring deposit, the only difference is that – instead of investing a fixed amount monthly, customers can invest any amount at any time during the tenure.

What can I claim under 80C?

The following are the investments that qualify for deductions under Section 80C of the Income Tax Act:

  • Public Provident Fund.
  • Employee Provident Fund.
  • Voluntary Provident Fund.
  • Five-Year Post Office Time Deposit.
  • Equity Linked Savings Scheme.
  • Five-Year Tax Saving Bank Fixed Deposit.
  • National Savings Certificate.
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How can I stop my Icici credit card from auto debit?

Step 1: Login to ICICI net banking using your credentials. Step 2: Navigate to ‘My Accounts’ section and select the ‘Credit Cards’ button. Step 3: Click the ‘Credit Cards’ button to find the ‘Auto Debit Set Up’ button. Step 4: Set the status of Set Up Auto Debit to ‘No’.

What is ICICI Bank iwish?

What is ICICI Bank iWish? iWish 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 (click here for rate of interest)

What is the maximum amount for iwish account?

The minimum amount is Rs. 5,000 and the maximum amount is Rs. 5,00,000. What is the maximum number of iWish accounts one can avail? You cannot have more than 25 active goals. So, if you have created 25 goals and all these goals are not yet closed, then you cannot create any further goal.

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How many recurring deposits can I place under the iwish program?

Customer/s may only place one Recurring Deposit with ICICI Bank in relation to each iWish created under this Program. Customer/s shall have the option of specifying a maximum of twenty five (25) iWishs and correspondingly may place a maximum of twenty five (25) Recurring Deposits with ICICI Bank under the Program at any given point in time.

Can I partially withdraw the money from my iwish goal?

No. You cannot partially withdraw the money from your iWish goal mid way. You can withdraw money mid way 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.