New Delhi, Sept. 12 -- Hawkins Cookers Ltd. is set open a fresh fixed deposit (FD) scheme on September 16, offering investors interest rates of up to 8% for a 36-month tenure. Investors can apply from 9:30 am onwards, while the applications will be considered on a first-come, first-serve basis.

The unsecured deposit programme has been assigned an [ICRA] AA- (Stable) rating, which translates to high credit quality with low credit risk, according to the company's circular. It also claimed that it has no history of defaults on statutory dues or on loans from banks and financial institutions.

The new FD scheme will offer interest rates of 7.5% per annum for 13-month tenure, 7.75% per annum for 24 months and 8% per annum for 36 months, Hawki...