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.
Published 26 August 2009, 15:52 IST