Hawkins Cookers Fixed Deposit Opens September 16; Check Interest Rates, Tenures and Limits
Hawkins Cookers is launching a fixed deposit scheme on September 16, offering up to 8 per cent interest across 13 to 36-month tenures, with a minimum deposit of INR 25,000. Hawkins intends to raise up to INR 37.12 crore from members and INR 92.80 crore from the general public, targeting a total aggregate of INR 129.92 crore.
Kitchen cookware and pressure cooker manufacturer Hawkins Cookers Ltd. is launching a fresh fixed deposit (FD) scheme on September 16, offering investors interest rates of up to 8 per cent per annum for a 36-month tenure. Applications will open at 9:30 AM and will be processed on a first-come, first-served basis. The unsecured deposit programme carries an [ICRA] AA- (Stable) rating, indicating high credit quality and low credit risk according to the company's circular. The firm has stated it has no history of defaults on statutory dues or bank loans.
Interest Rates and Tenures
The new fixed deposit programme features three distinct tenure options paired with tiered annual returns:
- 13-Month Tenure: Offers 7.5 per cent per annum.
- 24-Month Tenure: Offers 7.75 per cent per annum.
- 36-Month Tenure: Offers 8 per cent per annum. Why Central Government Employees Are Demanding 5 MACP Upgrades From the 8th Pay Commission.
Deposit Limits and Payout Options
The scheme requires a minimum deposit of INR 25,000, with additional amounts accepted in multiples of INR 1,000 up to a maximum cap of INR 50,000 per investor across new or renewed fixed deposits. Investors can select between two payout structures:
- Cumulative Option: Interest compounds monthly. Under this setup, an initial INR 25,000 deposit matures to INR 27,109 after 13 months, INR 29,177 after 24 months, and INR 31,756 after 36 months.
- Non-Cumulative Option: Interest is distributed on a half-yearly basis.
Payments and repayments will be processed directly through ECS, direct credit, RTGS, or NEFT in compliance with regulatory guidelines.
Fundraising Objectives and Background
Hawkins intends to raise up to INR 37.12 crore from members and INR 92.80 crore from the general public, targeting a total aggregate of INR 129.92 crore. As of late July 2026, the company held INR 27.30 crore in outstanding deposits and is permitted to raise up to an additional INR 102.62 crore under regulatory limits. The capital mobilised through the scheme will be directed toward working capital requirements, research and development, manufacturing capacity expansion, and general contingencies. Interested investors can review scheme documentation and apply through the official Hawkins Cookers website.
(The above story first appeared on LatestLY on Sep 12, 2026 03:23 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
