Whoever said wishes don’t come true hasn’t explored our offers!
  • ICICI Bank iWish - Flexible RD Interest Rates - November 2017

     5.0 / 5.0   by 216 users
    Used this product? Write a review >>

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Interest Rates for ICICI iWish Flexible Recurring Deposit

    PeriodGeneralSenior Citizens
    6 months66.5
    7 months - 9 months6.256.75
    10 months - 11 months6.57
    12 months only6.757.25
    13 months - 24 months6.757.25
    25 months - 3 years6.57
    37 months - 5 years6.57
    5 years 1 day - 10 years6.57

    Recurring Deposit schemes have always been one amongst the best investment options for the Indians who expect good returns with no risk. In a recurring deposit scheme, the investor has to make deposits of fixed amount every month for a predefined period of time. The amount in the account will gather interest which will be paid back at the end of tenure. But, what if a customer wants to deposit a higher amount during a particular month or wants to withdraw the amount before the maturity? As an answer to such concerns comes ICICI iWish flexible RD.

    ICICI iWish Flexible Recurring Deposit offers customers the flexibility of depositing an amount whenever possible and setting flexible goal amounts. If the customer does not make deposit for a month, no penalty is imposed by the bank. Also, there is no cap on the number of times a customer can make deposits during month. What more, the interest rate for iWish flexible RD varies from 6.00% to 7.25%.

    Features and Benefits of ICICI iWish Flexible Recurring Deposit

    A unique Recurring Deposit scheme that is designed for wise investors. ICICI iWish Flexible Recurring Deposit scheme also brings with it an array of features and benefits. Here are some of the advantages that come with iWish RD.

    • Flexibility Like Never Before

    ICICI Bank customers have the option of setting flexible goals in the form of flexible recurring deposits, where any amount can be put in at any time. Customers may or may not make deposits for a month, according to their convenience. ICICI Bank does not impose any penalty if the customer does not make any deposit for a month. Also, there is no cap on the number of times a customer can make deposits during a month. Customers can close their goals or recurring deposits any time they want.

    • Convenient Tenure Options

    Customers can choose a convenient tenure option ranging from a minimum of 6 months to up to 10 years.

    • Returns from iWish

    The interest rate earned on ICICI iWish recurring deposit account ranges from 6.00% to up to 7.25%, depending on the tenure of the deposit. If a customer chooses to close an iWish recurring deposit account halfway through the tenure then the interest rate earned will according to the tenure the deposit has been there with ICICI Bank. For premature closures, ICICI Bank might also levy a penal interest rate. In case an account holder does not achieve his goals, the interest rate is not affected. If the goal is achieved before the end of the tenure, the deposit can be retained till the end of the tenure at higher interest rates.

    • Facebook Sharing

    Customers can share their Recurring Deposit Goals on social media and get contributions from their loved ones to realize the goals.

    • ICICI iWish RD Calculator

    ICICI Bank customers can use the iWish RD Estimator to understand how much funds they have to deposit each month to reach their goals. The inputs required for the calculator are goal amount, deposit tenure, interest rates and the savings required.

    Premature Closure of ICICI iWish Recurring Deposit

    Customers can opt for withdrawal of their iWish RD amount even before the end of tenure. In such cases, the interest will be calculated depending on the rate applicable for the tenure in which the deposit has actually been in the ICICI iWish RD account. The penalty for premature withdrawal of iWish RD account is as follows.

    Original Tenure of DepositLess than Rs. 5.0 croreRs. 5.0 crore & above
    Less than 1 year0.50%0.50%
    1 year & above but less than 5 years1.00%1.00%
    5 years and above1.00%1.50%

    Advantages of ICICI iWish Flexible Recurring Deposit

    Do you have some extra money parked in your account? Register for ICICI iWish Recurring Deposit and enjoy earning interest on that extra money. Here are some of the advantages that come with ICICI iWish Flexible Recurring Deposit.

    • Unbeatable Interest Rates

    Depending on the deposit amount and the tenure, the interest rates for ICICI iWish Flexible Recurring Deposit goes up to 7.25% per annum. In fact, the flexible RD from ICICI gives the same interest rate as fixed deposit.

    • Total Flexibility

    Customers can contribute any amount anytime and can also choose the deposit amount. If your finances tighten up during a particular month, you can also choose not to deposit any amount for that month.

    • Multiple Deposits

    Unlike the normal recurring deposit scheme where only one deposit can be made in a month, customers can make multiple deposits in ICICI iWish Flexible Recurring Deposit account in a month. There is no cap on the number of deposits that can be made in a month.

    • No Penalty for Missed Deposit

    If a customer chooses not to make deposits during a month, no charges are levied in ICICI iWish Flexible Recurring Deposit. Customers are free to make a deposit any time they wish over the tenure.

    • Social Sharing

    ICICI iWish Flexible Recurring Deposit customers can post their goals on Facebook to get support from their friends and family. Whenever a contribution is made, you can share it on Facebook to get some cheer.

    • Get Contributions

    You can also get contributions from your friends or family for your goal. Friends and family members can directly click on your goal from Facebook share and contribute a deposit amount.

    FAQs for ICICI iWish Flexible Recurring Deposit

    1. Will I incur any penalty if I close my ICICI iWish Flexible Recurring Deposit before the end of tenure?

      Yes, a nominal fee will be levied as penalty for premature closure of the account. Also, you will only earn interest at the rate applicable to the period for which the amount remained in the ICICI iWish Flexible Recurring Deposit account.

    2. What if I deposit the required money for my goal well in advance of the tenure completion?

      In ICICI iWish Flexible Recurring Deposit account, if you achieve the goal early, you can continue investing the amount every month till the period for which the goal was initially targeted. You will continue to enjoy interest rate benefits for the period of tenure originally selected.

    3. I was unable to make a deposit into my ICICI iWish Flexible Recurring Deposit account last month. Will I be levied any penalty?

      There are no charges or penalty if you fail to make a deposit. Also, you will continue enjoying the interest rate applicable on your recurring deposit amount in the account.

    4. My friend wishes to contribute towards my goal in ICICI iWish Flexible Recurring Deposit account. Is it necessary for him to have an ICICI bank account to make a deposit in iWish?

      No, for friends or relatives to contribute to your ICICI iWish Flexible Recurring Deposit account, they just need to have a valid VISA debit card.

    5. Is it compulsory to share my ICICI iWish Flexible Recurring Deposit goals on Facebook?

      No, sharing your goal on Facebook is just a feature intended to make savings more fun and it is not mandatory to share your iWish goals on Facebook.

    Recurring Deposit - Sitemap
    Recurring Deposit by Banks
    Recurring Deposit by other Institutions

    RD Reviews

  • Page 1 of 11 1 2 3 4 5
    • ICICI Bank Recurring Deposit
      "Great banking service"
      ICICI BANK
      0.5 4.0/5 "Great!"
      It was almost seven years now with the ICICI bank on recurring deposit. The website was very good where I can get my statement. Android app could be better. I pay monthly around 8K via online banking. I like them for the service since I maintained my saving and salary account. The things could have been better with respective of email intimation.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2017
    • ICICI Bank Recurring Deposit
      "Excellent service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I never find any difficulty with my ICICI requiring deposit service I am using ICICI mobile application so the every transaction will be done through online so I don't need to contact their branch or their staffs their mobile application is very easy to use and user friendly it was totally a good experience with ICICI.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 01, 2017
    • ICICI Bank Recurring Deposit
      "Good saving and convenient saving"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      ICICI recurring deposit is very convenient to access through online, I opened RD through netbanking it was simple. Currently I am investing Rs.5000 for a year , I get 6.9% of interest per annum. I am could do the liquidity through online, but there was some charge applicable around Rs.300.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 12, 2017
    • ICICI Bank Recurring Deposit
      "Best"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I am having the recurring deposit with the ICICI bnak and the interest rate is around 8.5%, also their customer service is nice one for me, also their response too. Online banking services are good one with the ICICI bank.
      Was this review helpful? 0
      , panvel
      Reviewed on Oct 07, 2017
    • ICICI Bank Recurring Deposit
      "Wonderful"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I had the recurrent deposit account with the ICICI bank and their customer service is good one for me. I would like to say that the online banking services are also good one with the ICICI bank and I have not faced any issues with them till now.
      Was this review helpful? 0
      , madurai
      Reviewed on Sep 22, 2017
    • ICICI Bank Recurring Deposit
      "Good returns on long term investment"
      ICICI BANK
      0.5 4.0/5 "Great!"
      For people like me who spend a lot, best option to save some money is by starting to save first and spend later. In order to achieve this I have invested in recurring deposits for 3 times in ICICI bank.you can do this instantaneously without any documentation using your phone if you have a savings account and phone banking.interest rates are as per government
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 20, 2017
    • ICICI Bank Recurring Deposit
      "Easy process"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      Six months ago, I applied for a recurring deposit and I opened this account online. The process was simple and I am pleased with the interest rate I earn on it. There are no charges taken and when I close the account, I would get the funds in my account immediately.
      Was this review helpful? 0
      , delhi
      Reviewed on Aug 31, 2017
    • ICICI Bank Recurring Deposit
      "Good bank to go for RD"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have Recurring deposit with ICICI, I am investing monthly amount of Rs. 1000 for the period of six months. If I receive the good interest then I continue it.. I opened the RD through netbanking its easy and also I could view the RD summary in it.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 19, 2017
    • ICICI Bank Recurring Deposit
      "My RD"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      For ICICI Bank recurring deposit my feedback would be, I am a customer of ICICI therefore I decided to opt for RD through this bank it is very easy to make the payment and it is as good as my credit card. Interest rate is very much higher compartively, so therefore I had chosen ICICI for RD.
      Was this review helpful? 0
      , madurai
      Reviewed on Aug 10, 2017
    • ICICI Bank Recurring Deposit
      "Short term investment"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      Initially ICICI gave me good interest rate for my recurring deposit, but for premature interest rate is not upto the mark and they not giving proper information. I am paying Rs. 2000 on monthly basis, they offered me the interest rate around 7.25% its good for short time investment.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 30, 2017
    • ICICI Bank Recurring Deposit
      "Very Good service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have opened the Recurring deposit with ICICI bank around 2 months ago. The benefits are really good with the RD. I am receiving the interest rate of 7% but being an bank employee, I got 8% for my RD. I pay around Rs.5000 every month and this was for a period of 3 years. I would say it is good for safety purpose and I got sufficient finanical support from them too.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jun 20, 2017
    • ICICI Bank Recurring Deposit
      "Good for saving"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      The positive with the Recurring deposit is the amount which get debits automatically to my Recurring deposit account during the end of the year, I will be getting a bulk amount with RD account. The rate of interest is good with ICICI bank, it is comparable with others. I am happy to hold a Recurring Deposit with ICICI bank.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 15, 2017
    • ICICI Bank Recurring Deposit
      "Its Average"
      ICICI BANK
      0.5 4.0/5 "Great!"
      I have opened the recurring deposit account through ICICI online banking, it created immediately. Earlier I was paying the amount of Rs.5000 on monthly basis, after six months. I got the matured amount of Rs.500. Totally I got Rs.60500 it was not good.
      Was this review helpful? 5
      , delhi
      Reviewed on Jun 13, 2017
    • ICICI Bank Recurring Deposit
      "Safety locker"
      ICICI BANK
      0.5 4.0/5 "Great!"
      I hold a recurring deposit with ICICI bank and I got it around 6 months ago. I get good benefits with this very good savings plan. It is flexible because when I need in money anytime, I can with draw and I can switch the amount to savings account, Which is helpful for the safety purposes. The rate of interest I am getting is nominal here.
      Was this review helpful? 3
      , mumbai
      Reviewed on May 15, 2017
    • ICICI Bank Recurring Deposit
      "Very good services in deposit"
      ICICI BANK
      0.5 4.5/5 "Excellent!"
      I am having the recurring deposit account with the ICICI bank and the interest rate was around 7% per annum. Services were good and I would like to say for deposit ICICI bank is up to the mark. Its easy to track the account through online and mobile application.
      Was this review helpful? 10
      , hyderabad
      Reviewed on May 10, 2017
    • ICICI Bank Recurring Deposit
      "Amazing experience"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      Interest rate with the ICICI bank for the recurring deposit was around 7% to 7.5% and am with them from the last five to six years of time. Minimum lock in period is nil and maximum is around ten years of time. There will be nil penalty for withdrawing the money duriong prematurity period. Netbanking services are fine with the ICICI bank.
      Was this review helpful? 4
      , faridabad
      Reviewed on Apr 22, 2017
    • ICICI Bank Recurring Deposit
      "Best one"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have recurring deposit account with the Oriental bank of commerce and the interest rate is around 8.75% and its only for employee. There is no penalty charges and am having this account from the last two years of time and the tenure is around five years of time , also it can even open for seven days of time.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Apr 19, 2017
    • ICICI Bank Recurring Deposit
      "Satisfactory Service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I had opened my RD account in ICICI bank. Their tenure period is very much flexible and convenient. The rate of interest provided by them is quite good. I am maintaining this for quite long time. I am a long term customer of ICICI bank, even I hold multiple accounts with them because their services are really good and satisfactory.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Mar 10, 2017
    • ICICI Bank Recurring Deposit
      "Goal to Achieve "
      ICICI BANK
      0.5 4.0/5 "Great!"
      I have opened my I Wish RD account in ICICI on November 2016. It is very much flexible and I could deposit Rs. 5000 to maximum amount in I wish RD account. I have taken the tenure of six months, ICICI offers the interest rate of 6.25% for six months and 6.75% for one year.
      Was this review helpful? 4
      , noida
      Reviewed on Feb 13, 2017
    • ICICI Bank Recurring Deposit
      "Good for saving"
      ICICI BANK
      0.5 4.0/5 "Great!"
      I have opened my RD account in ICICI on September 2016, I used to pay the premium amount of Rs. 15,000 for one years. ICICI offers the RD interest rate of 6.7% it is nominal like other banks. After the maturity period of one year, I will be getting the Premium + Interest rate of Rs.1,87,000. I used to make online RD payment through netbanking it is very convenient.
      Was this review helpful? 2
      , noida
      Reviewed on Feb 13, 2017
    Common Loader Icon
    Page 1 of 11 1 2 3 4 5
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.