On 22 July 2020, an Mw 6.3 earthquake occurred in Nima County, central Qinghai-Tibet Plateau, China. We used the synthetic aperture radar interferometry (InSAR) technique with Sentinel-1 images to retrieve the line of sight (LOS) coseismic deformation fields which indicate that the maximum surface displacement reached ~30 cm. We then processed a series of interferograms spanning one year after the Nima earthquake with the Small Baseline Subset Interferometric SAR (SBAS-InSAR) technique. The maximum cumulative postseismic LOS surface displacement reached ~8 cm and approximately followed a logarithmic function over time. The inversion of the fault geometry and co- and afterslip distribution shows that the epicenter location was (33.18°N, 86.88°E) at a depth of 7.4 km, and the causative fault had an N29.1°E strike and 50.2° dip. The most coseismic slip was concentrated at depths between 3 to 12 km with a peak value of 2.0 m at 7.4 km, whilst most afterslips were concentrated at depths between 0 to 12 km with a peak value of 0.2 m at 5 km. The postseismic moment energy was about 5.04 × 10¹⁷ N∙m 308 days after the event, which was approximately 13.8% of the coseismic moment energy. By analyzing the contribution of afterslip and poroelastic rebound to postseismic deformation, it was concluded that afterslip was the main early postseismic deformation mechanism. Future attention should be paid to the northern segment of the West Yibug Caka fault and East Yibug Caka fault.