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 (July 2, 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 02-07-2020   VALUE 02-07-2020
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For  3 months and over but less than
     6 months          0.0520% PA             1.8020% PA
For  6 months and over but less than
    12 Months          0.1193% PA             1.8693% PA
For 12 months          0.2958% PA             1.1708% PA
For  2 Years           0.2958% PA             1.6708% PA
For  3 Years           0.2958% PA             2.9208% PA
For  4 years           0.2958% PA             2.1708% PA
For  5 years           0.2958% PA             2.2958% PA
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POUND STERLING       VALUE 02-07-2020   VALUE 02-07-2020
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For  3 months and over but less than
     6 Months          0.1091% PA             0.6409% PA
For  6 months and over but less than
    12 months          0.0444% PA             0.7944% PA
For 12 Months          0.1786% PA             0.0536% PA
For  2 Years           0.1786% PA             1.5536% PA
For  3 Years           0.1786% PA             1.8036% PA
For  4 years           0.1786% PA             2.0536% PA
For  5 years           0.1786% PA             2.1786% PA
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EURO                 VALUE 02-07-2020   VALUE 02-07-2020
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For  3 months and over but less than
     6 months          0.1720% PA             0.9220% PA
For  6 months and over but less than
    12 months         -0.0694% PA             0.8194% PA
For 12 Months         -0.0043% PA             0.8707% PA
For  2 Years          -0.0043% PA             1.3707% PA
For  3 Years          -0.0043% PA             1.6207% PA
For  4 years          -0.0043% PA             1.8707% PA
For  5 years          -0.0043% PA             1.9957% PA
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JAPANESE YEN         VALUE 02-07-2020   VALUE 02-07-2020
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For  3 months and over but less than
     6 months          0.2028% PA             0.5472% PA
For  6 months and over but less than
    12 months          0.2332% PA             0.5168% PA
For 12 Months          0.1362% PA             0.7388% PA
For  2 Years           0.1362% PA             1.2388% PA
For  3 Years           0.1362% PA             1.4888% PA
For  4 Years           0.1362% PA             1.7388% PA
For  5 years           0.1362% PA             1.8638% PA
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Copyright Business Recorder, 2020