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ET Now Digital
Updated Sep 17, 2021 | 13:18 IST
Hawkins Fixed Deposit Scheme 2021
Representational image 

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  • The company has already started pre-registration for its FD scheme 2021.
  • The pre-registration process started on September 15 and will remain open till September 30.
  • The minimum required investment in the scheme is Rs 25,000 while the maximum amount that one can invest is Rs 20,00,000.
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football casino online,Interest Rates

today match,According to the scheme document, investors can apply for the scheme till September 30, 2021 or till the date of the Company's 62nd Annual General Meeting, whichever is earlier. The minimum required investment in the scheme is Rs 25,000 while the maximum amount that one can invest is Rs 20,00,000. Investments will be accepted in multiples of Rs 1,000 only. Two interest payment options are available--cumulative and non-cumulative.

betway botswana,Scheme (A) Cumulative (Interest compounded monthly) 

Period Rate of Interest per annum Minimum Deposit (Rs.) Amount payable at Maturity (Rs.) 
12 months 7.50% 25,000     26,941
24 months 7.75% 25,000     29,177
36 months 8% 25,000     31,756

Scheme (B) Non-Cumulative (Interest payment Half-Yearly),tabilo tennis

Period Rate of Interest per annum Minimum Deposit (Rs.)
12 months 7.50% 25,000  
24 months 7.75% 25,000  
36 months 8% 25,000  

tab unibet app,Hawkins Cookers FD Ratings & Mode of Interest Payout

bet winner 69,Interest payment Mode & ratings

basketball,Interest payment and repayment of principal amount will be done through ECS/Direct Credit/RTGS/NEFT/Warrant. Deposits can be repaid through ECS/Direct Credit/RTGS/NEFT/Cheque, subject to SEBI and RBI restrictions.

greenexch,Hawkins Cookers Ltd has obtained [ICRA] MAA (Stable) rating by the Credit Rating Agency ICRA Limited. The rating was issued on July 21, 2021, and it simply means that the company has excellent credit quality with minimal credit risk. The credit rating of Hawkins Cookers Limited is a quantifiable evaluation of the company's credibility that educates investors about the risk of the company failing on its financial commitments. It is mandatory for interested investors to pre-register their interest online at www.hawkinscookers.com/fd2021.aspx. The Fixed Deposit form along with the detailed Terms and Conditions can be downloaded from www.hawkinscookers.com/fdform2021.pdf.

racing results,Should you invest?

free poker private games,Definitely, the interest rate offered by Hawkins is much better than the rate offered by leading banks and small finance banks on their FDs. However, unlike bank and small finance bank FDs, which come with DICGC insurance benefits of up to Rs 5 lakh, corporates FDs do not come with any such insurance coverage. These FD are unsecured in nature, which means in the case default, investors can not make any claim on the assets of the company. in such a situation, the only thing that investors can rely upon is the credit rating of the company.

As Hawkins has obtained MAA (Stable) rating from Credit Rating Agency ICRA Limited,  investing in Hawkins Cooker FDs may be a relatively safe option. However, potential investors are advised to go through the detailed terms and conditions of the scheme and seek advice of a certified financial advisor before making any investment decision. Like interest earned on bank FDs, interest earned on this corporate FD will be taxable as per the slab rates of the investor.,footbol game

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