QNB
QNB

Fixed Deposit Rates

Deposit Rates Effective of 15 May, 2024 : callable deposit

   

Period

Deposits for less than INR
20 million

Annualzied
Yield 

Deposits for INR 20 million
and more

Annualized
Yield 

7 days to 14 days

6.55%

6.55%

6.55%

6.55%

15 days – 1 month

6.75%

6.75%

6.75%

6.75%

Above 1 month – 2 months

6.85%

6.85%

6.90%

6.90%

Above 2 month – 3 months

6.95%

6.95%

7.05%

7.05%

Above 3 months – 4 months

7.15%

7.15%

7.15%

7.15%

Above 4 months – 6 months

7. 25% 

7.25%

7.25%

7.25%

Above 6 months – 9 months

7.25%      

 7.45%  

7.25%

7.45%

Above 9 months –< 1 Year

7.35%

7.56%

7.35%

7.56%

1 Year and above

7.35%

7.56%

7.35%

7.56%

Deposit Rates Effective of 26th April, 2024: Non- callable deposit

Period

Deposits for INR 20 million
and more

Annualized
Yield

7 days to 14 days

6.55%

6.55%

15 days – 1 month

6.75%

6.75%

Above 1 month – 2 months

6.80%

6.80%

Above 2 month – 3 months

7.00%

7.00%

Above 3 months – 4 months

7.20%

7.20%

Above 4 months – 6 months

7.30%

7.30%

Above 6 months – 9 months

7.30%

7.50%

Above 9 months –< 1 Year

7.40%

7.61%

1 Year and above

7.40%

7.61%

For deposits of over INR 100 million please contact QNB India Treasury

In case of premature withdrawal of deposits of callable deposit 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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