Tata Motors Fixed Deposit(FD) Scheme

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1. Mahindra Finance Fixed Deposit Scheme wrote:

   [...] It is Mahindra Finance Fixed Deposit scheme.  In my previous article I have written about the Tata Motors Fixed Deposit Scheme. Tata Motors is the first one to come up with this type of scheme, follwed by Mahindra Finance. I [...]

   March 13th, 2009 at 6:54 am
2. Tata Motors Invites Fixed Deposit from Public wrote:

   [...] is second time Tata Motors inviting the public to invest in their company’s fixed deposit scheme. In this time they are planning to raise another Rs.1500 crore from the fixed deposit. In a public [...]

   August 26th, 2009 at 9:38 am
3. SBI’s Fixed Deposit Interest Rates (2009) wrote:

   [...] latest interest rates for SBI fixed deposit. Not only banks, companies like Mahindra Finance and Tata Motors also reduced the interest rates. Read the comparison article on Tata Motors and Mahindra Finance. I [...]

   November 5th, 2009 at 5:41 pm

1. ARUN KUMAR SINGH said:

   I HAVE TAKEN A PLAN OF TATA MOTOR FIXED DEPOSITE (FD)SCHEME ON MY NAME AS WELL ON MY WIFE’S NAME i.e SMT.SHANTI SINGH OF Rs.50,000.00 EACH.PAYMENT HAS BEEN MADE THROUGH SAVING BANK ACOUNT OF SBI VIDE A/C NO-10781005164 JAYANT, DIST-SINGRAULI(MP) CHHEQUE NO-113661 & 113662 BY AN AGENT NAMED Mr.BHWANI SHARMA.BUT TILL DATE I HAVE NOT RECEIVED ANY DEPOSITE SLIP OR ANY BOND PAPER.THE AGENT Mr.SHRMA IS ALSO NOT TACEABLE.
   YOU ARE THEREFORE KINDLY REQUESTED PLEASE LET ME KNOW WHEATHER AGAINST ABOVE PLAN AMOUNT HAS BEEN DEPOSITED ON MY NAME/MY Miss OR NOT.
   PLEASE REPLY ON ABOVE E-MAIL ADRESS OR ON POSTAL ADRESS GIVEN BELOW-
   ARUN KUMAR SINGH
   Q.N- C-07, CLUSTER -1
   PO-NIGAHI
   DIST – SINGRAULI(MP)
   PIN CODE-486884

   June 7th, 2009 at 3:36 am
2. ARUN KUMAR SINGH said:

   I HAVE TAKEN A PLAN OF TATA MOTOR FIXED DEPOSITE (FD)SCHEME ON MY NAME AS WELL ON MY WIFE’S NAME i.e SMT.SHANTI SINGH OF Rs.50,000.00 EACH.PAYMENT HAS BEEN MADE THROUGH SAVING BANK ACOUNT OF SBI VIDE A/C NO-10781005164 JAYANT, DIST-SINGRAULI(MP) CHHEQUE NO-113661 & 113662 BY AN AGENT NAMED Mr.BHWANI SHARMA.BUT TILL DATE I HAVE NOT RECEIVED ANY DEPOSITE SLIP OR ANY BOND PAPER.THE AGENT Mr.SHRMA IS ALSO NOT TACEABLE.
   YOU ARE THEREFORE KINDLY REQUESTED PLEASE LET ME KNOW WHEATHER AGAINST ABOVE PLAN AMOUNT HAS BEEN DEPOSITED ON MY NAME/MY Miss OR NOT.
   PLEASE REPLY ON ABOVE E-MAIL ADRESS OR ON POSTAL ADRESS GIVEN BELOW-
   ARUN KUMAR SINGH
   Q.N- C-07, CLUSTER -1
   PO-NIGAHI
   DIST – SINGRAULI(MP)
   PIN CODE-486884
   E-MAIL ADRESS-arushish@yahoo.com

   June 7th, 2009 at 3:45 am
3. krishnas said:

   HI Arun,

   Please contact the Tata Motors directly.

   Thanks,
   Krishna

   July 6th, 2009 at 9:50 pm
4. Balaji said:

   still tata motors accepting deposit from public

   July 10th, 2009 at 2:02 pm
5. padma said:

   still many company accetping deposit from public in higher rate though the rate in nationalised bank are coming down .Is this not a risk.

   July 13th, 2009 at 6:14 am
6. krishnas said:

   HI Padma,

   Even companies are started reducing the interest rates. Before investing money, you can check the financial strength of the company. It doesn’t matter if the company has enough cash to handle the tough situations.

   Thanks,
   Krishna

   July 13th, 2009 at 8:19 am
7. krishnas said:

   HI Balaji,

   Yes..still Tata Motorsare accepting the fixed deposit forms.

   Thanks,
   Krishna

   July 13th, 2009 at 8:22 am
8. mukesh said:

   can you tell me how can i invest here. I dont want to go through any agents coz they are not very trust worthy.

   July 16th, 2009 at 1:19 pm
9. krishnas said:

   HI Mugesh,

   You need not go through any agents. Directly contact any of the Tata Motors employee they will help you. You can find details here : http://www.tatamotors.com/fixed-deposit-scheme.htm

   But the site says they are accepting FD only from Shareholders. Please talk to them to get more details.

   Thanks,
   Krishna

   July 16th, 2009 at 7:21 pm
10. PRIYANKA AGARWAL said:

    Dear Sir,
    This to inform you that at the time of Tata FD I have submitted a transaction of Rs. 500000 dated 13.04.09 where we have done a mistake .As in the form it had been already printed in the place of broker code i.e, TATA SECURITIES whereas it should be JM FINANCIAL PVT LTD (BROKER) and 21192 (Sub-broker). For this reason we are not getting our brokerage.

    Please show me the way out from this otherwise I am going to face a big trouble.

    July 18th, 2009 at 6:57 am
11. ARUN KUMAR SINGH said:

    HOW CAN I TAKE TATA MOTOR FIXED DEPOSITE PLAN DIRECTLY THROUGH INTERNET

    July 18th, 2009 at 8:10 am
12. krishnas said:

    HI Arun,

    Tata Motors not accepting the frsh FDs from the public.

    Thanks,
    Krishna

    July 19th, 2009 at 7:46 pm
13. dharmesh said:

    mahindra fd currant rate

    July 19th, 2009 at 11:15 pm
14. krishnas said:

    HI Dharmesh,

    Revised rates here:
    http://www.mahindrafinance.com/prod_fixeddeposit/prod_fixeddeposit.asp

    Thanks,
    Krishna

    July 20th, 2009 at 3:45 am
15. MVSS Nagendra Babu said:

    I would like to have deposited in TATA Motors Limited. Please furnish to whom i have to contact immediately.

    Nagendra Babu
    Mobile: 9948014554

    July 27th, 2009 at 4:35 am
16. s.bhattacharya said:

    i want to deposite rs 1,00000/- for one year req adv

    July 29th, 2009 at 8:35 am
17. ganeshmr said:

    what is the definition of shareholder. i buy 1 share of tata motors in open market, i become share holder and then i can deposit?

    can you please clarify.

    thanks,
    ganesh

    August 13th, 2009 at 11:15 pm
18. krishnas said:

    Hello MVSS Nagendra Babu,

    Tata Motors not accepting the FDs from the public. If you are the share holder then you can invest in their fixed deposit. Please reply me if you have any other doubts.

    Thanks,
    Krishna

    August 15th, 2009 at 6:47 pm
19. krishnas said:

    Hello Ganesh,

    Yes..if you buy one share also then you become the share holder. How ever please inquire to them what is their rules for accepting the Fixed Deposit.

    Thanks,
    Krishna

    August 15th, 2009 at 6:52 pm
20. shrikant pandit said:

    please sent me the detailes & security part/rates application as on today

    August 19th, 2009 at 11:34 pm
21. Manoj Thomas said:

    Dear Krishna,

    Does LIC have any monthly income scheme (like the Post Office MIS) ?

    Regards,

    Manoj Thomas

    August 23rd, 2009 at 11:43 pm
22. Rahul said:

    Is the saving account in central bank of india transfer from one city to other /in any of the city in india ? Any formalities required , or we have to just give application to transfer the account ? is the transfer free of cost….

    August 24th, 2009 at 1:37 am
23. Manoj Garg said:

    Tata Motors is accepting FDs again, though on lower rate of interest compare to the previous scheme.

    August 26th, 2009 at 8:30 am
24. krishnas said:

    Hello Manoj Garg,

    Thank you for the information. I have updated the site with latest interest rates.

    Thanks,
    Krishna

    August 26th, 2009 at 9:21 am
25. rahul said:

    Revision of interest rate on TATA fd
    Why to Invest in TATA FD when You have Post office monthly income scheme giving 8% return , with monthly income of rs 6000 on 9 lacs deposit on joint account. Unlike tata fd, your principal is safe and at the end of tenure you will get 5% bonus.

    your comments please.

    August 26th, 2009 at 10:27 pm
26. krishnas said:

    Hello Rahul,

    There is few differences between bank deposits and the post office savings.

    In post office RDA, you can withdraw up to half the balance. On premature closure of the account (after one year), interest is payable as per the rate for the Post Office Savings Bank Account, which is 3.5 per cent.

    In the case of banks, premature closure of an RDA will attract a penal interest. This means the depositor will get interest around 1 per cent less than the prevailing rate. It will certainly be higher than the 3.5 per cent paid by post office.

    There seems to be some other differences too. So, I am planning to draft for my future article

    Thanks,
    Krishna

    August 27th, 2009 at 1:35 am
27. rahul said:

    Hello Krishna,

    I am not talking bout RDA but POMIS(Post office Monthly Income Scheme) . Can you compare TATA FD with POMIS? dont u think POMIS is superior as it generates 8% return and regular monthly income plus capital is protected. 5% bonus at end of tenure? If u are no need of Monthly interest, it can be invested in MF/ULIP/stocks to generate more return. So Double benefit of generating money on interest upon interest.
    Can you throw some more light on premature withdrawal and bonus in POMIS?I search on net, but there seems different take on this .

    August 27th, 2009 at 1:44 am
28. krishnas said:

    Hello Rahul,

    An investor may be permitted to withdraw the deposit and closure of the account, at any time after expiry of one year from the date of opening of the account subject to the condition that:
    (i) If the account is closed on or before expiry of three years opening of such account, an amount equal to two percent of the deposit shall be deducted and remainder paid to the depositor and
    (ii) If the account is closed after expiry of three years opening of such account, an amount equal to one percent of the deposit shall be deducted and remainder paid to the depositor

    no bonus is applicable to any premature closure of the Account.

    Thanks,
    Krishna

    August 27th, 2009 at 1:57 am
29. Jeff said:

    Thank you for your comments, related to Tata Motors Fixed Deposit on Fixed Income India blog.

    September 7th, 2009 at 11:39 am
30. Kuldeep said:

    Sir i wud like to invest in fd scheme of either mahindra finance or jp associate. Which one is safe.

    November 1st, 2009 at 11:02 am
31. Mantosh said:

    Hi ..
    Can anybody tell me how secure is all these fixed deposit offered by companies?
    Is the return guaranteed?
    I mean suppose the company is bankrupted then who will be responsible for my money.

    Thanks

    Mantosh

    November 1st, 2009 at 12:04 pm
32. krishnas said:

    Hello Kuldeep,

    Mahindra finance is more safer.

    Thanks,
    Krishna

    November 1st, 2009 at 4:50 pm
33. krishnas said:

    Hello Mantosh,

    Tata Motors and Mahindra Finance are good companies. You need not worry about the returns. If the company is bankrupt, can not claim money from anyone.

    Thanks,
    Krishna

    November 1st, 2009 at 4:51 pm
34. Biman chandra Ray said:

    Dear Sir/ Madam,
    Kindly inform me the present interest rate(compound) , minimum/maximum amount to be invested, yield after 5/6years for fixed deposit in TATA FINANCE.
    Regards,
    B.C. Ray

    November 17th, 2009 at 11:23 pm
35. Ntuthuko said:

    Hai…..

    I would like to know wherether a student like me can able to be a shareholder and so able to fixdeposit to you. If that is possible, answer the ff questions for me please:

    Where can i buy shares?
    How much does each share cost currently?
    How much is the minimum deposit?
    I own no company or business but I do have cash currently amounted to +R5 000-00. Do I Qualify?

    November 25th, 2009 at 9:48 am
36. krishnas said:

    Hello Ntuthuko,,

    Anyone can open the Tata Motors fixed deposit scheme. The restriction for only shareholders is not right now. It is open to every one.

    Thanks,
    Krishna

    November 25th, 2009 at 8:05 pm
37. Vidya Jha said:

    We have taken a fixed deposit of Rs, 2,00,000 in Tata Motors, through an agent. We are getting quarterly interest regularly, but we want that
    1. Interest should be paid directly to my bank account
    2. No tax should br deducted as we have submitted form 15 g
    2. As I am a senior citizen, is any differential rate applicable to me

    December 16th, 2009 at 4:58 am
38. Vidya Jha said:

    what is the email address of Tata Motors Fixed Deposit

    December 16th, 2009 at 5:03 am
39. LinZi said:

    Keep up the good work! Look forward to reading more from you in the future. I think it will be also nice if you add “send to email” tool so people can forward the articles to their friends easily.

    January 7th, 2010 at 4:46 am
40. suresh said:

    they are bloody suckers sucks the money!

    January 14th, 2010 at 5:23 am
41. krishnas said:

    Hello Suresh,

    Do you have any problem with Tata Motors? Please post it here.

    Thanks,
    Krishna

    January 15th, 2010 at 4:57 am
42. GattuPalli Kalyana Chakravarthy said:

    My father has a fixed deposit in TATA Motors, the details are as follows

    Policy No: 600370

    Printed No: 0163485

    Deposited date 6th April, 2009

    Maturity date 5th April, 2012

    My father died on 3rd August, 2009. How can I get this account transferred on my name?

    Please do me the needful.

    I am working for CPA, e-nxt financial services (an associate to TATA Motors Limited, TATA Motors Financial Services Limited & TATA Capital Limited) and my employee code is 04587
    My mobile number is 09949587520.

    January 19th, 2010 at 10:54 pm
43. krishnas said:

    Hello GattuPalli,

    Please contact the Tata Motors for the queries.

    Thanks,
    Krishna

    January 19th, 2010 at 11:18 pm
44. VIKAS JAIN said:

    Dear Sir/Madam I am holding a TATA Motor Fixed Deposit receipt which is going to mature on 16 Jan 2010. what is the procedure of redemtion kindly send the detailed procedure to me.

    With Regards
    VIKAS JAIN
    Bangalore.

    January 30th, 2010 at 2:57 am
45. bhupendra panchal said:

    dear sir. i have visited ur site first time
    nice and vry infermative. i dont understand quarterly. i t means i will be getting intrest quartely in my personal account. and will not be added to my fd
    m i right
    thanks regards

    January 30th, 2010 at 5:33 am
46. AJ Agarwal said:

    1. Today date is 5-Feb-1010. Which companies are accepting FDs from public /shareholders ? and what interest rates ?

    2. Which among Tata Motors / TV 18 / Mahindra Finance /Bombay Dyeing is safe for giving FD ?
    - which is giving better interest rate ?
    - Which has good reord of paying back principal amount / interest in time to public / shareholders ?

    I await your full answer please
    Thank you

    February 5th, 2010 at 12:25 pm
47. Ramesh said:

    Hi,

    I have plan to invest on FD for 3 years & i have some query related to the same.

    1) do i get TAX benfit out of it?
    2) And how much TAX befiniit do it get, if i invest 20,000=00Rs?
    3) please let me know whom to approach for the same?
    4) I am employee of TCS do i get an benfit for the same?
    5) whom to contact, i staying Bangalore

    February 6th, 2010 at 1:34 pm
48. Amita Shah said:

    I have to invest 8,00,000/- and i want quarterly interest.so please send me the schemes for this kind of investment with all details. please tell me the security of my fund.
    Regards
    Amita Shah

    February 17th, 2010 at 12:17 am
49. Shashi Kant Prasad said:

    Hi,
    I have deposited Rs.100K ti the Tata moters FD scheme when it was launched First time in Year 2009, for 3 Yars with Cumulative plan.I want to know how can I break that FD before 3 years If I need money.Do thay charge any penalty for break the deposit in between.

    kinnly help.

    Shashi Kant

    February 17th, 2010 at 8:34 am
50. Shashi Kant Prasad said:

    Hi,
    I have deposited Rs.100K to the Tata moters FD scheme when it was launched First time in Year 2009, for 3 Yars with Cumulative plan.I want to know how can I break that FD before 3 years If I need money.Do thay charge any penalty for break the deposit in between.

    kindly help.

    Shashi Kant

    February 17th, 2010 at 8:36 am

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