In this article I will writing about the fixed deposit with Tata Motors. As we are aware of the fixed deposit with banks, nowadays many corporates started rolloing out the fixed deposit schemes to the public to collect money. The one advantage with this option is they are providing you the highest interest rates compare to the other banks. In this market, Tata Motors is the first company coming with its own fixed deposit scheme. In this article I will be writing about the advantages and disadvantages of this scheme. Please post your comments after reading this article. You can also subscribe to our future articles here.
Tata Motors Fixed Deposit Schemes
The fixed deposit scheme comes with the two plans.
Quarterly Income Plan
In this plan the interest for the amount is deposited to your savings bank account every three months which you have specified while opening the fixed deposit account. It will not be added to your fixed deposit money. This will be good when you are looking for the periodic income on your deposit. You will get the interest for very month if you are depositing more than Rs.100000. The following table illustrates the rate of interest and duration for the fixed deposit.
|
Period |
Minimum Amount (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.100000 + | ||
Cumulative Deposit Plan
This is another plan which yields returns at the time of maturity. Cumulative interest means every quarter the interest will be added to the fixed deposit amount and interest will be calculated for the total amount. You have to note that the interest will be added every three months. For example, if your deposit earns Rs.2000 for each month, and the fixed deposit is Rs.200000, then from the beginning of the fourth month onwards interest will be calculated for Rs.202000.
This plan gives more advantage when you don’t want to use any money from the deposit. At the completion of period, you will get the lump sum amount as the return.
|
Period |
Minimum Amount (Rs.) |
Rate of Interest*(p.a) |
Maturity Value (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 | ||||
Key Points
- 0.5% more for senior citizen’s, Tata Motors share holders and employees of Tata Motors.
- The interest rate is good compare to the bank deposits.
- It is good for the short term deposits like up to three years.
Updated as on (17-July-2009):
Tata Motors Fixed Deposit schemes accepting fresh Deposits only from Share Holders. They clearly mentioned as
Deposits will be accepted only from shareholders of Tata Motors Limited.
I will be updating this post once it is open to public. Here is the revised Interest Rates for Share Holders:
Investment Option I: Scheme-A Quarterly Income Plan*
|
Period |
Minimum Amount (Rs.) |
Rate of Interest (p.a) |
|
1 Year |
20,000 |
9.50% |
|
2 Years |
20,000 |
9.75% |
|
3 Years |
20,000 |
10.25% |
| * Monthly interest option available in case of deposits of Rs. 1 lakh & above | ||
Investment Option II: Scheme-B Cumulative Deposit Plan
|
Period |
Minimum Amount (Rs.) |
Rate of Interest*(p.a) |
Maturity Value (Rs.) |
Yield (p.a) |
|
1 Year |
20,000 |
9.50% |
21,968 |
9.84% |
|
2 Years |
20,000 |
9.75% |
24,249 |
10.62% |
|
3 Years |
20,000 |
10.25% |
27,095 |
11.83% |
| * Compounded quarterly | ||||
Updated as on (25-Aug-2009):
Tata Motors again accepting the fresh deposits with lowes rates from public. The following are the interest rates.
Investment Option I: Scheme-A Quarterly Income Plan*
|
Period |
Minimum Amount (Rs.) |
Rate of Interest (p.a) |
|
2 Years |
20,000 |
8.00% |
|
3 Years |
20,000 |
8.75% |
| * Monthly interest option available in case of deposits of Rs. 1 lakh & above | ||
Investment Option II: Scheme-B Cumulative Deposit Plan
|
Period |
Minimum Amount (Rs.) |
Rate of Interest*(p.a) |
Maturity Value (Rs.) |
Yield (p.a) |
|
2 Years |
20,000 |
8.00% |
23,433 |
8.58% |
|
3 Years |
20,000 |
8.75% |
25,930 |
9.88% |
| * Compounded quarterly | ||||
Summary
In this article I have explained about the Fixed deposit scheme by Tata Motors Limited. When the banks are reducing the deposit rates, these kind of offers are good for the customers to get the good return for their investment. In my next article I will be writing about the fixed deposit from another well know company. Thank you for the reading!! Please leave your comments and feed backs in the below comments section.
April 13, 2010 at 5:47 am
I have taken FD from Tata Motors for one year and now it is matured. how can I get the matured amount. Please suggest.
April 17, 2010 at 12:05 am
I have taken FD from Tata Motors for one year and now it is matured.They didn’t provide me the Receipt or bond.I have bought through online HDFC Sec . how can I get the matured amount. People there at Linkin time are anot responding properly.CAn I get some tata motors number directaly.
Please suggest.
April 17, 2010 at 4:19 am
I have to invest 50000/- and i want yearly interestrequired minium 10% to 15%. so please send me the Best schemes for this kind of investment with all details.
Nilesh.
April 18, 2010 at 11:51 pm
Dear Mr.Arun Kumar Singh
Plz contact at the following address for your all the doubts.
Registrars to the Fixed Deposit Scheme
LINK INTIME INDIA PVT LTD
BHANDUP : C 13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (West), Mumbai 400 078. Tel: 022-2594 6960-4. Fax: 022-2594 6969.
FORT : 203, Davar House, Next to Central Camera Building, 197/199 D N Road, Fort, Mumbai 400 001. Tel : 22694127.
Forward correspondence / queries related to Fixed Deposits to tmlfd@linkintime.co.in
June 7, 2010 at 6:00 am
I wanted to highlight that to anyone who is interested in investing in TATA Motors should never do so, I had invested and till today I am struggling to get my money back. so think twice before you invest. the Brokers Linkintime is the most hopeless organisation that i have ever seen.
June 22, 2010 at 8:33 pm
Re:Tata Motors FD Nos 241171 &254477-TDS Certificate
I am a Senior Citizen and struggling to get TDS Certificate from Link Intime India. I have sent several emails but there is no reply.Getting their telephone line is virtually impossible and if you are lucky to get the line,they put you on music or in the queue! I am totally frustrated. Can you help? Thanks.
M.G.Bhat
June 25, 2010 at 5:47 am
I TOOK ESP FROM RECENTLY AND ALSO A SHARE HOLDER OF TML.PL.LET ME KNOW WHETHER TML FD SCHEME STILL OPEN OR NOT?
IF NOT WILL IT OPEN IN RECENT FUTURE?
SUBHRA BANERJEE
July 1, 2010 at 10:06 am
I Invested in Tata Motors FD Sceme for 2 Years and waiting to get the TDS Certicate for F.Y 2009-10. Link Intime India Pvt Limited in the most useless organization which never responds. The deadline to fill IT Return is fast approaching and i am still waiting.
Can you please tell where i can contact in Tata Motors (Any Phone / Email)
Thanks
July 12, 2010 at 5:53 am
hi,
Could you pelase explain more infromation? I am ready to invest for Rs.50,000 to 1,00,000-
thanks
Dhananjay D
July 13, 2010 at 8:19 am
please intimate present interest rate of fd and intimate tele No
July 14, 2010 at 11:21 pm
we have a FDR 176675 & 176689 Maturity date : 16.04.2012
but have not received TDS certificate till date.
Plese send me TDS Certificate immediately.
July 15, 2010 at 2:48 am
My FD no, 181218
My complaint no 1946
almost a month has passed not a single response received
I have deposited Rupees fifty thousand only which matured on 16-04-2010
I have deposited FDR duly signed on 20-04-2010 at Kolkata office
Till date I have not the receivedthe deposited amount
Investors are requested not to Trust TML Investment scheme
July 18, 2010 at 8:41 pm
Hey i invested Rs. 20000 , which already get matured in April , Still i wont receive my money back. i only get my interest of Rs. 1915 by courier. Tell me how to Get my principal amount. Back…..
DO NOT INVEST IN TATAMOTOR FD.
July 23, 2010 at 6:09 am
FDR No 101742 Deposit ,Deposit date 12-3-2009 Maturity date 11-3-2012.I have not received TDS certificate till date Plese send me TDS Certificate immediately. At least send me the PAN/TAN number of TATA motors FD scheame under which they are submitting the tax to income Tax departmet ,so that I can submit my retuns in time
August 14, 2010 at 9:31 am
I want to do fixed deposit. Please contact me on 9810328224.
varun_saini007@yahoo.com
October 7, 2010 at 1:37 am
i would like to know about Fixed Deposit shecmes
November 1, 2010 at 4:22 am
I have invested in Tata motor’s FD (100k) .
I wanted to withdraw it before maturity.
Can any one suggest me what to do?
December 9, 2010 at 3:05 am
dear sir/madam,
as my relative sr citizen has invested in tata motors 3 years plan fixed deposite scheme a amount 2.5 lafhs and 22 months are completed. is it there any system keeping that you can get a loan amount of Rs 50,000 in six installment please let me knowon my mail.
thank you
December 11, 2010 at 4:52 am
Hi,
I deposited Rs20,000/ in Tata Motors FD for one year which matured on 5May2010. I applied for refund in Nov2010. Now i have received the cheque for only Rs20,000/. Where is the interest? Would i get the interest through a separate cheque?
December 20, 2010 at 2:50 am
I WANT TO INVEST RS.10,00,000/-IN THE MONTH OF JANUARY.
KINDLY ADVICE WHERE I CAN INVEST VERY SAFELY WITH HIGH INTEREST.
KINDLY ADVICE.
January 25, 2011 at 2:08 am
This is good and very informative about the fixed deposits.
please send me more updates,
January 27, 2011 at 11:56 pm
sir,can i invest in tatamotors fd now as on 28-01-2011
March 1, 2011 at 10:57 am
want to invest in tata fd
March 1, 2011 at 1:35 pm
I have taken fixed depoit in Tata Motor Ltd for three years.I am interesting to submit the FORM NO:15 G in eMail.Kindly send me the details of the above subject in my eMail
March 3, 2011 at 2:37 am
i want nissan sunny ?
March 10, 2011 at 4:58 am
i want to invest in tata motor through f.d please provide delhi
office address near c.p
March 31, 2011 at 2:29 am
Hi,
Always look for the credit ratings for that investment company, before investing your valuable money in corporate FD’s. Credit ratings shows the repayment capacity of the investment company.
Regards.
April 6, 2011 at 12:24 am
Sir,
I have FD of Tata Motors, I want to change my Bank Details, can you please provide me where should I send an Email?
April 21, 2011 at 9:46 am
Is TATA finance still accepting deposit.Can someone answer this.Any source in Pune….Does ICICI act as a broker for TATA finance as well.
April 21, 2011 at 9:46 am
Is TATA finance still accepting deposit dated 2011.Can someone answer this.Any source in Pune….Does ICICI act as a broker for TATA finance as well.
April 22, 2011 at 3:28 am
Can NRI put money in fixed deposit of TATA MOTORs,
thanks
May 15, 2011 at 11:07 pm
I have not received my pre mature withdrawal amount of FDR No- 38460, already submitted through Estern Finance, Ranchi.
Pls update me urgently.
regards
Biswajita
May 17, 2011 at 10:18 pm
Chutiyon
May 17, 2011 at 10:19 pm
sab ka katega.. yeh phaltu company main invest karke..
July 11, 2011 at 5:23 am
Dear
I would like know Is there any MIP with shareeh(halal) return ?
Awaiting replay…
July 12, 2011 at 2:29 am
Is is open now -today-can i invest
July 12, 2011 at 2:34 am
My FD in Post office is maturing at the end of this month. Can u suggest a good FD scheme.
August 5, 2011 at 11:31 am
i want to invest in tata motors FD can u please tell are they still accepting and whats the process to apply.
August 23, 2011 at 4:29 am
i wont to invest in tata motors fFD,how should i apply and how much interast rate pa. ?
August 29, 2011 at 10:49 am
Want to know what is the current Interest rate in Tata fund and how to apply for the same
September 19, 2011 at 8:12 pm
Thanks for a refreshing and learning evening as I went through your entire response!!!
September 23, 2011 at 8:32 am
Hi,
Dear Sir,
I am your investor since 2009. Please guide me how
to update bank detail and correspondence address
and e-mail address.Intimate me through e-mail.
Thanking you.
Yours truely
Lalit Kumar Singh
September 23, 2011 at 8:35 pm
Hi Lalit,
On you FD Certifiate The address of Tata moters corporate office is given.You have to write an application requesting the change in your bank details and address. You have to submit the address proof and copy of pass book front page with photo as banks account number proof. You may also directly call to Tata moters onthis number 02266658282. Ask for FD department. It will take One moth time to change your bank and address details. Once the whole process will be completed, you will receive a call from the Tata moters office informing the same to you.
Regards
Shashi Kant
October 1, 2011 at 11:58 pm
I invested an amount of Rs. 20000 (FDR No 650754) on 22.04.2009 through HDFC Bank. The date of maturity was 21.04.2010. After maturity date I submitted the FDR certificate with my signatures to the address specified on the document, but I have not received the maturity amount. I have not yet found any contact number or address to register my complain.
October 2, 2011 at 11:24 pm
Debajit Bhuyan
Hi MAr Debajit Bhuyan.
Plz contact Tata Moters Office @022-66658282. Once you reach this number plz ask the oprater to Transfer this line to FD Department. Some one will talk to you and plz keep the certificet no ready with you along with the courier details. Have you checked your courier ststus delivery report or not.
Thanks
Shashi Kant
October 3, 2011 at 12:55 am
Debajit Bhuyan
Plz Contact Phone No -022-66178559
Address – TSR-Darashaw Ltd.
6-10 Hazimusa Patrawa;a Industrial Area
20,Dr,E Moses Road
Near Famous Studio
Maha Laxmi West
Mumbai – 400011
Thanks
S.K.Pd
October 12, 2011 at 10:16 pm
a good investment available in the market with highest safety rated FAAA from CRISIL is mahindra finance FIXED DEPOSITS with highest yeild of 12.21% for a period of 5 years and 11.64% for 3 years
If Interested or having any queries
mail to mahindra.fd.mmfsl@gmail.com
October 18, 2011 at 9:55 pm
My wife Mythili Nagarajan & I have together invested in your company Rs 3 Lacs & 5 lacs respectively. The interest of these were sent to my residence in Chennai. We travelled to US on 22nd July & had requested your Chennai office ( Mr. Sundar– Mob 9282410731) to remit the interest to my Bankers (Allahabad Bank Chennai 20). Necessary request letters were given twice. To this date nothing has happened. Since there is no one in Chennai to collect the cheques & deposit I am put to severe hardship. I wonder if you have any system in place & are sensitive to customer needs. I think it is a comprehensive curse to be associated with Tata Motors. Will Tata Motors listen & chage my impression?
November 24, 2011 at 6:44 pm
I would like to know if Tata motors is renewing deposits and if so @ what rates
December 9, 2011 at 7:47 am
where can i get the maturity cheque across the counter.
thanks
mobile 9326079474