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 (August 18, 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 18 08 2020   VALUE 18 08 2020
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For  3 months and over but less than
     6 months           0.0204% PA            0.7704% PA
For  6 months and over but less than
    12 Months           0.0825% PA            0.8325% PA
For 12 months           0.2109% PA            1.0859% PA
For  2 Years            0.2109% PA            1.5859% PA
For  3 Years            0.2109% PA            1.8359% PA
For  4 years            0.2109% PA            2.0859% PA
For  5 years            0.2109% PA            2.2109% PA
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POUND STERLING       VALUE 18-08 2020   VALUE 18 08 2020
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For  3 months and over but less than
     6 Months          -0.1785% PA            0.5715% PA
For  6 months and over but less than
    12 months          -0.1249% PA            0.6251% PA
For 12 Months           0.0220% PA            0.8970% PA
For  2 Years            0.0220% PA            1.3970% PA
For  3 Years            0.0220% PA            1.6470% PA
For  4 years            0.0220% PA            1.8970% PA
For  5 years            0.0220% PA            2.0220% PA
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EURO                 VALUE 18 08 2020   VALUE 18 08 2020
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For  3 months and over but less than
     6 months           0.2634% PA            1.0134% PA
For  6 months and over but less than
    12 months           0.2179% PA            0.9679% PA
For 12 Months           0.0971% PA            0.9721% PA
For  2 Years            0.0971% PA            1.4721% PA
For  3 Years            0.0971% PA            1.7221% PA
For  4 years            0.0971% PA            1.9721% PA
For  5 years            0.0971% PA            2.0971% PA
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JAPANESE YEN         VALUE 18 08 2020   VALUE 18 08 2020
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For  3 months and over but less than
     6 months           0.1955% PA            0.5545% PA
For  6 months and over but less than
    12 months           0.2295% PA            0.5205% PA
For 12 Months           0.1432% PA            0.7318% PA
For  2 Years            0.1432% PA            1.2318% PA
For  3 Years            0.1432% PA            1.4818% PA
For  4 Years            0.1432% PA            1.7318% PA
For  5 years            0.1432% PA            1.8568% PA
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Copyright Business Recorder, 2020