Tata Motors recently announced its Fixed Deposit plan, which is open for subscription to Resident Indians, NRIs, HUFs and Registered Societies, among others.
The fixed deposit plan has generated quite a bit of excitement, as it gives a yield of 12.83% on its 3 year — Cumulative Deposit Plan. Remember, this is the yield and not the interest rate. The interest rate remains 11%, which is still pretty high for a fixed deposit.
Tata Sons is the parent company of Tata Motors and is one of the oldest, biggest and most reputed Indian conglomerates. So it is difficult for most Indians to even consider the idea that Tata Motors will default on its debt.
TATA Motors will raise around Rs.1932 Crores by this Scheme.
Tata Motors Fixed Deposit Plan Schemes
Here are the two schemes that an investor can choose from:
Scheme A
Quarterly Income Plan
Scheme B
Cumulative Deposit Plan
Recently Tata Motors has revised the Interest rates of this FDs. So after 15th April 2009, you won’t get the same interest rate.
Click Here to Know the Revised Interest rates of TATA Motors Fixed Deposit Plan
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