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 13, 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 13-07-2020   VALUE 13-07-2020
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For  3 months and over but less than
     6 months           0.0163% PA            0.7663% PA
For  6 months and over but less than
    12 Months           0.0985% PA            0.8485% PA
For 12 months           0.2341% PA            1.1091% PA
For  2 Years            0.2341% PA            1.6091% PA
For  3 Years            0.2341% PA            1.8591% PA
For  4 years            0.2341% PA            2.1091% PA
For  5 years            0.2341% PA            2.2341% PA
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POUND STERLING       VALUE 13-07-2020   VALUE 13-07-2020
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For  3 months and over but less than
     6 Months          -0.1570% PA            0.5930% PA
For  6 months and over but less than
    12 months          -0.0005% PA            0.7495% PA
For 12 Months           0.1308% PA            1.0058% PA
For  2 Years            0.1308% PA            1.5058% PA
For  3 Years            0.1308% PA            1.7558% PA
For  4 years            0.1308% PA            2.0058% PA
For  5 years            0.1308% PA            2.1308% PA
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EURO                 VALUE 13-07-2020   VALUE 13-07-2020
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For  3 months and over but less than
     6 months           0.1893% PA            0.9393% PA
For  6 months and over but less than
    12 months           0.1131% PA            0.8631% PA
For 12 Months           0.0221% PA            0.8971% PA
For  2 Years            0.0221% PA            1.3971% PA
For  3 Years            0.0221% PA            1.6471% PA
For  4 years            0.0221% PA            1.8971% PA
For  5 years            0.0221% PA            2.0221% PA
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JAPANESE YEN         VALUE 13-07-2020   VALUE 13-07-2020
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For  3 months and over but less than
     6 months           0.2010% PA            0.5490% PA
For  6 months and over but less than
    12 months           0.2147% PA            0.5353% PA
For 12 Months           0.1522% PA            0.7228% PA
For  2 Years            0.1522% PA            1.2228% PA
For  3 Years            0.1522% PA            1.4728% PA
For  4 Years            0.1522% PA            1.7228% PA
For  5 years            0.1522% PA            1.8478% PA
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Copyright Business Recorder, 2020