Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Committee, c/o ANZ Grindlays Bank Ltd, on Monday (July 27, 2020).

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INTEREST PAYABLE ON FE DEPOSITS
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                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
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U.S. DOLLARS         VALUE 27-07-2020   VALUE 27-07-2020
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For  3 months and over but less than
     6 months           0.0055% PA            0.7445% PA
For  6 months and over but less than
    12 Months           0.0751% PA            0.8251% PA
For 12 months           0.2121% PA            1.0871% PA
For  2 Years            0.2121% PA            1.5871% PA
For  3 Years            0.2121% PA            1.8371% PA
For  4 years            0.2121% PA            2.0871% PA
For  5 years            0.2121% PA            2.2121% PA
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POUND STERLING       VALUE 27-07-2020   VALUE 27-07-2020
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For  3 months and over but less than
     6 Months          -0.1690% PA            0.5810% PA
For  6 months and over but less than
    12 months          -0.0739% PA            0.6761% PA
For 12 Months           0.0626% PA            0.9376% PA
For  2 Years            0.0626% PA            1.4376% PA
For  3 Years            0.0626% PA            1.6876% PA
For  4 years            0.0626% PA            1.9376% PA
For  5 years            0.0626% PA            2.0626% PA
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EURO                 VALUE 27-07-2020   VALUE 27-07-2020
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For  3 months and over but less than
     6 months           0.1870% PA            0.9370% PA
For  6 months and over but less than
    12 months           0.1650% PA            0.9150% PA
For 12 Months           0.0586% PA            0.9336% PA
For  2 Years            0.0586% PA            1.4336% PA
For  3 Years            0.0586% PA            1.6836% PA
For  4 years            0.0586% PA            1.9336% PA
For  5 years            0.0586% PA            2.0586% PA
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JAPANESE YEN         VALUE 27-07-2020   VALUE 27-07-2020
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For  3 months and over but less than
     6 months           0.2018% PA            0.5482% PA
For  6 months and over but less than
    12 months           0.2195% PA            0.5305% PA
For 12 Months           0.1493% PA            0.7257% PA
For  2 Years            0.1493% PA            1.2257% PA
For  3 Years            0.1493% PA            1.4757% PA
For  4 Years            0.1493% PA            1.7257% PA
For  5 years            0.1493% PA            1.8507% PA
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Copyright Business Recorder, 2020