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 (December 24, 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 24.12.2020   VALUE 24.12.2020
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For  3 months and over but less than
     6 months          -0.0119% PA            0.7381% PA
For  6 months and over but less than
    12 Months           0.0128% PA            0.7628% PA
For 12 months           0.0873% PA            0.9623% PA
For  2 Years            0.0873% PA            1.4623% PA
For  3 Years            0.0873% PA            1.7123% PA
For  4 years            0.0873% PA            1.9623% PA
For  5 years            0.0873% PA            2.0873% PA
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POUND STERLING       VALUE 24.12.2020   VALUE 24.12.2020
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For  3 months and over but less than
     6 Months          -0.2226% PA            0.5274% PA
For  6 months and over but less than
    12 months          -0.2194% PA            0.5306% PA
For 12 Months          -0.1621% PA            0.7129% PA
For  2 Years           -0.1621% PA            1.2129% PA
For  3 Years           -0.1621% PA            1.4629% PA
For  4 years           -0.1621% PA            1.7129% PA
For  5 years           -0.1621% PA            1.8379% PA
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EURO                 VALUE 24.12.2020   VALUE 24.12.2020
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For  3 months and over but less than
     6 months           0.3230% PA            1.0730% PA
For  6 months and over but less than
    12 months           0.2833% PA            1.0333% PA
For 12 Months           0.2363% PA            1.1113% PA
For  2 Years            0.2363% PA            1.6113% PA
For  3 Years            0.2363% PA            1.8613% PA
For  4 years            0.2363% PA            2.1113% PA
For  5 years            0.2363% PA            2.2363% PA
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JAPANESE YEN         VALUE 24.12.2020   VALUE 24.12.2020
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For  3 months and over but less than
     6 months           0.1533% PA            0.5967% PA
For  6 months and over but less than
    12 months           0.1875% PA            0.5625% PA
For 12 Months           0.1962% PA            0.6788% PA
For  2 Years            0.1962% PA            1.1788% PA
For  3 Years            0.1962% PA            1.4288% PA
For  4 Years            0.1962% PA            1.6788% PA
For  5 years            0.1962% PA            1.8038% PA
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Copyright Business Recorder, 2020