Tuesday, August 25, 2009

[Investors Please Listen] Tata Motors Limited invites deposits @ 9.88% Yield (p.a)

Tata Motors Limited invites deposits as per details given below:

Investment Option I: Scheme-A Quarterly Income Plan*

Period

Minimum Amount (Rs.)

Rate of Interest (p.a)

2 Years

20,000

8.00%

3 Years

20,000

8.75%

* Monthly interest option available in case of deposits of Rs. 1 lakh & above

Investment Option II: Scheme-B Cumulative Deposit Plan

Period

Minimum Amount (Rs.)

Rate of Interest*(p.a)

Maturity Value (Rs.)

Yield (p.a)

2 Years

20,000

8.00%

23,433

8.58%

3 Years

20,000

8.75%

25,930

9.88%

* Compounded quarterly

-- Highlights --

  • Additional amount of deposits will be accepted in multiples of Rs. 10,000/.
  • Interest and maturity value payments are subject to deduction of tax at source, wherever applicable.
  • Deposits will be accepted from Individuals, Minors (through Natural Guardians), Non Resident Indians on non repatriation basis (through NRO account only) and HUFs.
  • Interest will be calculated from the date of realization of cheque and will be rounded off to the nearest Rupee.
  • The Company reserves the right to offer better terms, including interest and brokerage, for deposits of Rs.25,00,000/- & above.
For more information, please contact Distributor : 0-9818-26-9396 Delhi/NCR

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Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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