This AA (Stable) Rated FD Offers Upto 8% Interest For 36 Months, Check Details

Fixed deposits (FDs), particularly for conservative investors, become more appealing as expectations that the Reserve Bank of India (RBI) raise rates further in April. Hawkins Cookers Company Ltd. has come up with three FD tenures of 13, 24, and 36 months with attractive interest rates. ICRA has given Hawkins Cookers FD an AA - (stable) rating. The rates are effective from September 20, 2022, according to the company's official notification.

According to a statement from the company, the interest rates for this fixed deposit scheme range from 7.5 percent to 8 percent. As the company's fixed deposit programme offers higher FD interest rates, it appears appealing. However, investors should note that corporate FDs are less secure compared to bank FDs. Therefore, investors should read the terms and conditions of the scheme before making any investment decisions.

Interest Rates of Hawkins Cooker Fixed Deposit scheme

Period	Interest Rates (p.a.)	Minimum Deposits	Amount Payable at Maturity
13 months	7.50%	Rs. 25,000	Rs. 27,019
24 months	7.75%	Rs. 25,000	Rs. 29,177
36 months	8.00%	Rs. 25,000	Rs. 31,756

Source - hawkinscookers.com

The company offers FDs in two options Cumulative & Non-Cumulative forms. Under the cumulative option, the interest rates will be compounded on a monthly basis and under the Non-Cumulative option, the interest payment will be on a Half-yearly basis. Investors can book FD with Hawkins Cooker with a minimum required amount of Rs 25,000. The additional amount is acceptable in multiples of Rs. 1000.

Disclaimer - The above-mentioned information is purely informational. The article should be treated as informational and not an advisory to invest. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.