TATA Capital Secured Non-Convertible Debentures with 12% Interest Rate | Indian Stocks to Make You a Millionaire

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TATA Capital Secured Non-Convertible Debentures with 12% Interest Rate

Posted By On 9:22 AM Under

1. We came across an intersting Fixed deposit scheme from Tata and same is coming under TATA Capital Secured Non-Convertible Debentures (NCDs) and same has been ascribed as LAA+" by ICRA (High Credit Quality) & "CARE AA+" by CARE (High Safety) and this offer is valid from the period 02 February 2009 - 24 February 2009.

2. One has an option to get 12% annual rate by placing Rs 10000 and above in fixed deposit with the group with a time duartion of 60 months. No doubt 12 percent is a high rate of interest.

3. No doubt it is an interesting offer, however we are only perturbed considering that Tata motors is saddled with payments of 1400 Crore and has also suffered a huge financial loss in Taj attack. Thus invest in group post diligence.

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