Many people don’t know that apart from banks, there are many organizations that provide FD facility
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Common people consider bank fixed deposits as the most reliable for investment Many people don’t know that apart from banks, there are many organizations that provide FD facilities This pressure cooker manufacturer company offers FD facility for three years This company does not have FD for a long time Rather, the company promises more returns in less time
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Hawkings Pressure Cooker is giving 7.5 percent return on 13 month FD, 7.75 percent on 24 month FD and 8 percent on 36 month FD. Here you have to invest minimum 25 thousand rupees in FD Besides, you can select two options to get interest money
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One is a six month plan and the other is a cumulative plan In 6 months plan you will get 2 times interest in a year Cumulative plan will give you one time interest amount at the term end of FD TDS will be deducted if the interest is more than Rs.5000 per annum
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Hawkings Cooker has reduced their FD rates continuously In 2020, the company was offering 10 percent interest on 3-year FDs, which increased to 9 percent in 2021 and reduced to 8 percent in 2022. Hawking’s Pressure Cooker FD rates remain unchanged despite RBI’s hike in repo rate. While many other banks have hiked FD rates, Hawking’s Cooker is still offering higher interest than banks on FDs.