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The Hawkins Cookers Fixed Deposit System is available from today: should you invest?

By Anshul IST (Released)


Fixed or FD deposits are one of the most popular schemes due to their risk-free nature. But is Hawkins Cookers fixed deposit worth investing in? Check here

The Hawkins Cookers Company Fixed Deposit (FD) program is available for investing from Tuesday, September 20. The cookware company offers a minimum term of 13 months and a maximum term of 36 months as part of the offer. Interest rates on this fixed deposit system range between 7.5% and 8%, the company said in a statement.

Investors can register their interest online at the official website of Hawkins Cookers – for the same.

Here are the Hawkins Fixed Deposit System interest rates:

Mandate Interest rate (pa)
13 months 7.5%
24months 7.75%
36 months 8%

The minimum amount that one must invest is Rs 25,000.

Rates remained unchanged from a year ago despite RBI raising the repo rate by 140 basis points (bps) in recent months.

Should you invest?

The company’s fixed deposit scheme looks attractive due to its higher FD interest rates than FD banks. However, FD companies are considered less secure than banks.

Although Bankbazaar claims that the Hawkins fixed deposit system can be a relatively safe investment option since the company has received an MAA (stable) rating from credit rating agency ICRA ltd.

However, before making investment choices, investors should research the terms and conditions of the scheme.

Hawkins Cookers FD is rated AA- (stable) by ICRA. Interest rates on the company’s FD have gradually declined over the past few years, in line with the decline in policy rates, from 10.5% (over a 36 month term) in 2019 to 9% in 2020 .


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