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iWish manage goals

What if I achieve the goal early?

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

How can I close my iWish goal?

You may close your iWish goal through the below channels.
 
Internet Banking:
Login to your Internet Banking Account > Exclusive Offerings > IWISH-Flexible RD > Manage your Goals > Manage > Close Goal.
 
iMobile:
Login to iMobile -> Accounts & Deposits -> iWish-Flexible RD -> Manage your Goals > Manage > Close Goal. The funds will be immediately credited to your savings account.
 
You will be unable to partially withdraw the money 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. Please note that 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.
 

Can I partially withdraw money from my goal mid way? Will it impact my interest earning?

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. Please note that 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.
 

Can I transfer money to my goal account even if goal amount is achieved?

No. Once your goal amount is achieved, you will not be allowed to deposit money into your goal account.

Can we increase our goal amount?

No. You cannot change the amount and period of your goal once the iWish account has been opened. 

Can I change my goal later in iWish?

You cannot change amount or the period of your goal.

CREATE NEW GOAL

Can I transfer money from one goal to another goal account?

No. You cannot transfer money from one goal account to another goal account.

What is an Open/ a Closed goal?

Open goals are active goals where money can be deposited into the goal. These are shown with an open lock icon in iWish. Closed goals are where money cannot be deposited into the goal. These are shown with a closed lock icon in iWish.

Is there a minimum tenure to achieve the goal? Is the period of a goal linked to goal categories?

No. There is no such linkage between a goal category and the number of years during which the goal should be achieved. You can create a goal for the period as per your need.

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.

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.

Will my iWish goal be automatically closed if it is achieved or the period of my goal has come to an end for iWish Manage Goals?

No. Your goal is not auto closed in either of the cases i.e. either if the goal is achieved or if the goal period has ended. In both the cases, you need to place an online request for goal closure.

What if I do not make a request for closure of the goal at the end of goal period for iWish Manage Goals?

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.