ICICI Launches ‘iWish’, An Flexible Online Recurring Deposit Product
The banking sector is adopting technology at a dizzying pace. We have reported on how the m-banking revolution is under-way and how simplified banking processes are getting thanks to increased mobile usage. ICICI bank Chief Executive and Managing Director, Chanda Kochhar has even gone on record to say that internet banking will soon over-take branch banking.
Keeping in tune with these emerging trends, ICICI bank has launched ‘iWish’, an online flexible recurring deposit (RD) product for savings account holders. The reason iWish is flexible is because it allows customers to deposit any amount of money, on any date (unlike general RDs where the norm is to deposit a fixed amount on a fixed date). The reason this RD account is called iWish is because it gives the customers the opportunity to save towards a goal within a fixed tenure; for example, ‘I wish to save enough for a bike in 6 months.’
A customer can update these goals on Facebook and share the same with his friends and family thereby allowing them to contribute to the iWish account using a Debit card. While the goals can be made public, all transactions pertaining to the iWish account will happen on ICICI bank’s secure net banking platform.
The iWish account can be opened using ICICI bank’s net banking facilities and the minimum tenure is fixed at six months while the maximum tenure is ten years. The interest to be earned on this account is 6.5% – 8.5%; though there is a penalty that will be levied if you close your goal midway.
I think this a good account for youngsters and for people who have just started to earn. It will encourage them to save and the aspect of sharing goals on Facebook and getting contributions is sure to excite some people.
Image Courtesy | facebook
Looking For A Social Media Agency?? – Contact WATConsult – India’s Leading Social Media Agency
WATBlog is India’s Best Blog Of 2009 and is owned and managed by WATMedia Pvt Ltd a Digital Media Company that aims at being the thought leader in the space by Connecting the Web, Advertising and Technology (WAT) Industry in India.
2012-12-06 12:41:21
Source: http://www.watblog.com/2012/12/06/icici-launches-iwish-an-flexible-online-recurring-deposit-product/
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,893,361 |
| Stories: | 8,451,476 |
Whistler Blowers, Insiders
