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 Monday (July 6, 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 06-07-2020   VALUE 06-07-2020
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For  3 months and over but less than
     6 months           0.0538% PA            0.8038% PA
For  6 months and over but less than
    12 Months           0.1161% PA            0.8661% PA
For 12 months           0.2886% PA            1.1636% PA
For  2 Years            0.2886% PA            1.6636% PA
For  3 Years            0.2886% PA            1.9136% PA
For  4 years            0.2886% PA            2.1636% PA
For  5 years            0.2886% PA            2.2886% PA
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POUND STERLING       VALUE 06-07-2020   VALUE 06-07-2020
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For  3 months and over but less than
     6 Months          -0.1123% PA            0.6378% PA
For  6 months and over but less than
    12 months           0.0425% PA            0.7925% PA
For 12 Months           0.1765% PA            1.0515% PA
For  2 Years            0.1765% PA            1.5515% PA
For  3 Years            0.1765% PA            1.8015% PA
For  4 years            0.1765% PA            2.0515% PA
For  5 years            0.1765% PA            2.1765% PA
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EURO                 VALUE 06-07-2020   VALUE 06-07-2020
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For  3 months and over but less than
     6 months           0.1489% PA            0.8989% PA
For  6 months and over but less than
    12 months           0.0844% PA            0.8344% PA
For 12 Months          -0.0144% PA            0.8606% PA
For  2 Years           -0.0144% PA            1.3606% PA
For  3 Years           -0.0144% PA            1.6106% PA
For  4 years           -0.0144% PA            1.8606% PA
For  5 years           -0.0144% PA            1.9856% PA
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JAPANESE YEN         VALUE 06-07-2020   VALUE 06-07-2020
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For  3 months and over but less than
     6 months           0.2030% PA            0.5470% PA
For  6 months and over but less than
    12 months           0.2270% PA            0.5230% PA
For 12 Months           0.1388% PA            0.7362% PA
For  2 Years            0.1388% PA            1.2362% PA
For  3 Years            0.1388% PA            1.4862% PA
For  4 Years            0.1388% PA            1.7362% PA
For  5 years            0.1388% PA            1.8612% PA
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Copyright Business Recorder, 2020