iWish I Could Actually Create My iWish Account

by Vinaya HS on December 25, 2012

in Finance

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Merry Christmas folks and as promised Capital Advisor is back!

So, having read all the PR about ICICI Bank’s iWish flexible Recurring Deposit product, I thought I’d go and setup an iWish account and goal for myself. Project terminated then and there because –

Image of Capital Advisor trying to create an iWish account

“We’re experiencing some delays setting up your account. Please try logging in again later.” I doubt if most users would go back and try again later. You certainly wouldn’t want to see a “We’re experiencing some delays in giving back your iWish goal money. Please try logging in again later.” when your iWish goal matures, would you?

But if you’re lucky enough to successfully get past the account creation stage, I think it’s a good way to save for purchases/expenses that you expect to make/incur within the next 6- to 12-months. But do note that interest rates offered jump-up significantly even in the space of a month (for example: 7.50% @ 12-months vs. 8.75% @ 13-months at the time of this writing). So, if you’re looking at a 12-month goal, it’s certainly advisable to make that a 13-month goal and earn that extra interest.

And taking a trip down memory lane, when I was at my first job and wished to buy everything under the sun (a bike, a mobile phone, an SLR, etc.), I’d simply hand over a random amount of cash each month to my mom and when I wanted to actually make the purchase the correct amount of cash would be put back in my hand. Simply the best bank in the world.




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{ 1 comment… read it below or add one }

I could not see my e-passbook December 20, 2013 at 11:20 AM

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