Renowned cookware manufacturer Hawkins Cookers is launching a new Fixed Deposit scheme on September 16, offering interest rates as high as 8% for a 36-month tenure.

  • New FD scheme launches on September 16.
  • Maximum interest rate of 8% for a 36-month tenure.
  • Minimum investment of ₹25,000; maximum up to ₹50 Lakhs.
  • Rated AA- (Stable) by ICRA.

Hawkins Cookers, a household name in the Indian kitchenware industry since 1959, is expanding its horizons beyond cookware. The company is set to launch a new Fixed Deposit (FD) scheme starting from September 16, providing a lucrative opportunity for investors seeking higher returns than traditional banking products.

Detailed Breakdown of Interest Rates

The new scheme offers tiered interest rates based on the investment duration. For a short-term commitment of 13 months, investors can earn 7.5% interest. A 24-month tenure offers 7.75%, while the maximum tenure of 36 months yields a highly competitive 8% interest rate.

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Why This Matters

BozokMedia analysis shows that in a landscape where major commercial banks often offer modest interest rates, corporate FDs from established brands like Hawkins provide an attractive alternative for retail investors looking to optimize their savings.

When investing in corporate FDs, always prioritize credit ratings and the company's historical debt repayment record.

Regarding investment limits, the minimum amount required to start an FD is ₹25,000. Subsequent investments can be made in multiples of ₹1,000. The maximum cap for investment under this specific scheme is set at ₹50 Lakhs.

Historical Background

Hawkins Cookers has been a dominant player in the Indian pressure cooker market since its inception in 1959. With a massive footprint, the company has reportedly sold over 14 crore cookers, establishing a legacy of trust and quality in Indian households.

Did You Know?: This specific unsecured FD has been assigned an AA- (Stable) rating by ICRA, indicating a strong capacity to meet financial commitments.
Tenure (Months)Interest Rate (%)Estimated Return on ₹25,000
13 Months7.5%₹27,109
24 Months7.75%₹29,177
36 Months8.0%₹31,756

Frequently Asked Questions

1. Is the Hawkins Cookers FD safe?
The scheme carries an AA- (Stable) rating from ICRA, which signifies a high degree of safety regarding debt repayment.

2. What is the minimum investment required?
Investors can begin their investment with a minimum amount of ₹25,000.