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 Thursday (September 3, 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 03.09.2020   VALUE 03.09.2020
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For  3 months and over but less than
     6 months          -0.0011% PA            0.7511% PA
For  6 months and over but less than
    12 Months           0.0533% PA            0.8033% PA
For 12 months           0.1826% PA            1.0576% PA
For  2 Years            0.1826% PA            1.5576% PA
For  3 Years            0.1826% PA            1.8076% PA
For  4 years            0.1826% PA            2.0576% PA
For  5 years            0.1826% PA            2.1826% PA
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POUND STERLING       VALUE 03.09.2020   VALUE 03.09.2020
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For  3 months and over but less than
     6 Months          -0.1893% PA            0.5608% PA
For  6 months and over but less than
    12 months          -0.1383% PA            0.6118% PA
For 12 Months          -0.0151% PA            0.8599% PA
For  2 Years           -0.0151% PA            1.3599% PA
For  3 Years           -0.0151% PA            1.6099% PA
For  4 years           -0.0151% PA            1.8599% PA
For  5 years           -0.0151% PA            1.9849% PA
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EURO                 VALUE 03.09.2020   VALUE 03.09.2020
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For  3 months and over but less than
     6 months           0.2559% PA            1.0059% PA
For  6 months and over but less than
    12 months           0.2199% PA            0.9699% PA
For 12 Months           0.1229% PA            0.9979% PA
For  2 Years            0.1229% PA            1.4979% PA
For  3 Years            0.1229% PA            1.7479% PA
For  4 years            0.1229% PA            1.9979% PA
For  5 years            0.1229% PA            2.1229% PA
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JAPANESE YEN         VALUE 03.09.2020   VALUE 03.09.2020
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For  3 months and over but less than
     6 months           0.1895% PA            0.5605% PA
For  6 months and over but less than
    12 months           0.2058% PA            0.5442% PA
For 12 Months           0.1472% PA            0.7278% PA
For  2 Years            0.1472% PA            1.2278% PA
For  3 Years            0.1472% PA            1.4778% PA
For  4 Years            0.1472% PA            1.7278% PA
For  5 years            0.1472% PA            1.8528% PA
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Copyright Business Recorder, 2020