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 Tuesday (July 28, 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 28-07-2020   VALUE 28-07-2020
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For  3 months and over but less than
     6 months           0.0033% PA            0.7468% PA
For  6 months and over but less than
    12 Months           0.0685% PA            0.8185% PA
For 12 months           0.2095% PA            1.0845% PA
For  2 Years            0.2095% PA            1.5845% PA
For  3 Years            0.2095% PA            1.8345% PA
For  4 years            0.2095% PA            2.0845% PA
For  5 years            0.2095% PA            2.2095% PA
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POUND STERLING       VALUE 28-07-2020   VALUE 28-07-2020
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For  3 months and over but less than
     6 Months          -0.1658% PA            0.5843% PA
For  6 months and over but less than
    12 months          -0.0738% PA            0.6763% PA
For 12 Months           0.0653% PA            0.9403% PA
For  2 Years            0.0653% PA            1.4403% PA
For  3 Years            0.0653% PA            1.6903% PA
For  4 years            0.0653% PA            1.9403% PA
For  5 years            0.0653% PA            2.0653% PA
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EURO                 VALUE 28-07-2020   VALUE 28-07-2020
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For  3 months and over but less than
     6 months           0.1854% PA            0.9354% PA
For  6 months and over but less than
    12 months           0.1661% PA            0.9161% PA
For 12 Months           0.0560% PA            0.9310% PA
For  2 Years            0.0560% PA            1.4310% PA
For  3 Years            0.0560% PA            1.6810% PA
For  4 years            0.0560% PA            1.9310% PA
For  5 years            0.0560% PA            2.0560% PA
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JAPANESE YEN         VALUE 28-07-2020   VALUE 28-07-2020
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For  3 months and over but less than
     6 months           0.2025% PA            0.5475% PA
For  6 months and over but less than
    12 months           0.2205% PA            0.5295% PA
For 12 Months           0.1490% PA            0.7260% PA
For  2 Years            0.1490% PA            1.2260% PA
For  3 Years            0.1490% PA            1.4760% PA
For  4 Years            0.1490% PA            1.7260% PA
For  5 years            0.1490% PA            1.8510% PA
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Copyright Business Recorder, 2020