Tata Motors invites FDs from public

Tata Motors, has come to the public for the second time to raise about Rs 1,500 crore via fixed deposit schemes, offering up to 9.88 pc  annual interest for a three-year deposit. In a public announcement,on Wednesday said on a minimum fixed deposit of Rs 20,000 for two and three years, it would offer 8 pc  and 8.75 pc interest respectively under the quarterly income plan. Under another scheme it, would offer 8.58 pc interest on a minimum deposit of Rs 20,000 for two years and 9.88 per cent for 3 years.

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