Deposit Rates Effective of 15 September, 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 |
6.50% |
6.50% |
6.50% |
|
15 days - 1 M |
6.70% |
6.70% |
6.70% |
|
> 1 M - 2 M |
6.85% |
6.85% |
6.85% |
|
> 2M - 3 M |
6.90% |
6.90% |
7.05% |
|
> 3 M - 4 M |
7.10% |
7.10% |
7.25% |
|
> 4 M - 5 M |
7.15% |
7.15% |
7.30% |
|
> 5 M - 6 M |
7.20% |
7.20% |
7.35% |
|
> 6 M - 7 M |
7.20% |
7.20% |
7.20% |
|
> 7 M - 8 M |
7.20% |
7.20% |
7.20% |
|
> 8 M - 9 M |
7.20% |
7.20% |
7.20% |
|
> 9 M - 10 M |
7.20% |
7.20% |
7.20% |
|
> 10 M - 11 M |
7.20% |
7.20% |
7.20% |
|
> 11 M - <1 Y |
7.20% |
7.20% |
7.20% |
|
1 Y and above |
7.20% |
7.20% |
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