Fixed Deposit Rates

Deposit Rates Effective of May, 2020 : callable deposit

Period

Deposits for less than INR
20 million

Deposits for INR 20 million
and more

7 to 14 days

3.25%

3.25%

15 days -1 month

3.35%

3.35%

Above 1 month – 3 months

4.50%

4.55%

Above 3 months – 6 months

4.90%

5.00%

Above 6 months – 1 Year

5.35%

5.35%

1 Year and above

5.60%

5.60%

Deposit Rates Effective of May, 2020: Non- callable deposit

Period

Deposits for INR 20 million
and more

7 to 14 days

3.25%

15 days -1 month

3.45%

Above 1 month – 3 months

4.75%

Above 3 months – 6 months

5.20%

Above 6 months – 1 Year

5.55%

1 Year and above

5.80%

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.