QNB

Fixed Deposit Rates

Deposit Rates Effective of 23 October, 2024 : callable deposit

Deposit Rates : Callable deposit and Non-Callable Deposit

Period

Callable Deposit Rate upto INR 30 Mn

Callable Deposit Rate above INR 30 Mn

Non-Callable Deposit Rates

7 days to 14 days

6.25%

6.25%

6.25%

15 days - 1 M

6.50%

6.50%

6.50%

> 1 M - 2 M

6.85%

6.85%

6.85%

> 2M - 3 M

6.90%

6.90%

7.05%

> 3 M - 4 M

7.05%

7.05%

7.20%

> 4 M - 5 M

7.10%

7.10%

7.25%

> 5 M - 6 M

7.15%

7.15%

7.30%

> 6 M - 7 M

7.20%      

7.20%

7.30%

> 7 M - 8 M

7.10%

7.10%

7.20%

> 8 M - 9 M

7.10%

7.10%

7.20%

> 9 M - 10 M     

7.10%

7.10%

7.20%

> 10 M - 11 M

7.10%

7.10%

7.20%

> 11 M - <1 Y

7.10%

7.10%

7.20%

1  Y and above

7.10%

7.10%

7.20%

For Amount above INR 100 million please consult India Treasury 
                           
# Compounded Quarterly
•    For tenure of 6 months and below interest will be calculated as simple interest
•    Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws
•    For deposits of over INR 100 million please contact QNB India Treasury
•    In case of premature withdrawal of deposits the bank has fixed a penalty of 1% across all tenor.
The interest rate applicable will be 1% below the rate applicable at the time of fixed deposits for the period the deposit has remained with QNB India or 1% below the contracted rate whichever is lower. No interest will be paid on QNB India Fixed deposit which remain for a period of less than seven days
 

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