Aug 25, 2009

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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