UPDATE: TATA Motors FD rates to be reduced after April 15. CLICK HERE to know more…
| TATA Motors Fixed Deposit offers yields upto 12.83 % p.a. |
The details of the scheme are as follows:
SCHEME A - QUARTERLY INCOME PLAN*
| Period | Minimum Amount (in Rs.) | Rate of Interest (p.a.) |
| 1 Year | 20,000 | 10.00% |
| 2 Years | 20,000 | 10.50% |
| 3 Years | 20,000 | 11.00% |
* Monthly interest option available in case of deposits of Rs.1 lakh & above
SCHEME B - CUMULATIVE DEPOSIT PLAN
| Period | Minimum Amount (in Rs.) | Rate of Interest* (p.a.) | Maturity Value (in Rs.) | Yield (p.a.) | |
| 1 Year | 20,000 | 10.00% | 22,076 | 10.38% | |
| 2 Years | 20,000 | 10.50% | 24,607 | 11.52% | |
| 3 Years | 20,000 | 11.00% | 27,696 | 12.83% |
* Compounded quarterly
| Note: 0.5% p.a. additional interest for senior citizens / shareholders of TATA Motors Limited |
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
