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.
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