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 Friday (July 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 03-07-2020   VALUE 03-07-2020
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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 03-07-2020   VALUE 03-07-2020
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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 03-07-2020   VALUE 03-07-2020
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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 03-07-2020   VALUE 03-07-2020
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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