An experiment was conducted during kharif 2015 at Agronomy Research Farm, Sher-e-Kashmir University of Agricultural Sciences and Technology of Jammu (J&K), India to study the effect of graded levels of N, P & K on yield and quality of fine rice. Results revealed that, graded levels of P and K, highest grain (4091 kg ha-1) and straw yield (7242 kg ha-1) was recorded with P3K1 (35:15 kg ha-1 of P2O5 and K2O) though the difference was non-significant. Whereas, with N application highest grain (4214 kg ha-1) and straw yield (7475 kg ha-1) was recorded with N4 (60 kg N ha-1) which was statistically at par with N3 (50 kg ha-1). Graded levels of NPK showed non-significant influence on all the quality parameters except protein and amylose content with N application. Highest protein and amylose content was recorded with N4 (60 kg N ha-1) and N2 (40 kg N ha-1), respectively. Whereas, mild aroma recorded with all the graded levels of N, P & K and maximum B:C ratio was obtained from P3K1 (35:15 kg ha-1 of P2O5 and K2O) and N4 (60 kg N ha-1).