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 Wednesday (November 11, 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 11.11.2020   VALUE 11.11.2020
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For  3 months and over but less than
     6 months          -0.0450% PA            0.7050% PA
For  6 months and over but less than
    12 Months          -0.0083% PA            0.7418% PA
For 12 months           0.0825% PA            0.9575% PA
For  2 Years            0.0825% PA            1.4575% PA
For  3 Years            0.0825% PA            1.7075% PA
For  4 years            0.0825% PA            1.9575% PA
For  5 years            0.0825% PA            2.0825% PA
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POUND STERLING       VALUE 11.11.2020   VALUE 11.11.2020
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For  3 months and over but less than
     6 Months          -0.2071% PA            0.5429% PA
For  6 months and over but less than
    12 months          -0.1858% PA            0.5643% PA
For 12 Months          -0.1279% PA            0.7471% PA
For  2 Years           -0.1279% PA            1.2471% PA
For  3 Years           -0.1279% PA            1.4971% PA
For  4 years           -0.1279% PA            1.7471% PA
For  5 years           -0.1279% PA            1.8721% PA
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EURO                 VALUE 11.11.2020   VALUE 11.11.2020
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For  3 months and over but less than
     6 months           0.2914% PA            1.0414% PA
For  6 months and over but less than
    12 months           0.2751% PA            1.0251% PA
For 12 Months           0.2229% PA            1.0979% PA
For  2 Years            0.2229% PA            1.5979% PA
For  3 Years            0.2229% PA            1.8479% PA
For  4 years            0.2229% PA            2.0979% PA
For  5 years            0.2229% PA            2.2229% PA
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JAPANESE YEN         VALUE 11.11.2020   VALUE 11.11.2020
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For  3 months and over but less than
     6 months           0.1477% PA            0.6023% PA
For  6 months and over but less than
    12 months           0.1880% PA            0.5620% PA
For 12 Months           0.2052% PA            0.6698% PA
For  2 Years            0.2052% PA            1.1698% PA
For  3 Years            0.2052% PA            1.4198% PA
For  4 Years            0.2052% PA            1.6698% PA
For  5 years            0.2052% PA            1.7948% PA
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Copyright Business Recorder, 2020