Hawkins Fixed Deposit Scheme

The Hawkins Cookers Company has introduced its own fixed deposit scheme for people looking to investment in corporate fixed deposits. The company offers a minimum tenure of 12 months and maximum tenure of 36 months. The interest rates for this fixed deposit scheme varies between 7.5% to 8%.

Features of Hawkins Fixed Deposit Scheme

The various features of Hawkins fixed deposit scheme are given below:

Tenure

Minimum: 12 months

Maximum: 36 months

Deposit Amount Minimum: Rs.25,000
Interest Rates

Minimum: 7.5%

Maximum: 8%

Interest Rates of Hawkins Fixed Deposit Scheme

The various interest rates of Hawkins fixed deposit scheme are given below:

Tenure Interest Rates (p.a.)
12 months 7.5%
24 months 7.75%
36 months 8%

Hawkins fixed deposit scheme is a great deposit scheme to invest in. It offers attractive interest rates compared to many nationalised banks. Hawkins fixed deposit scheme can be a relatively safe investment option, since the company has received an MAA (stable) grade from credit rating agency ICRA limited. However, before making any investment choices, investors should research about the scheme’s terms and conditions.

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