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 Tuesday (July 14, 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 14-07-2020   VALUE 14-07-2020
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For  3 months and over but less than
     6 months           0.0181% PA            0.7681% PA
For  6 months and over but less than
    12 Months           0.0954% PA            0.8454% PA
For 12 months           0.2301% PA            1.1051% PA
For  2 Years            0.2301% PA            1.6051% PA
For  3 Years            0.2301% PA            1.8551% PA
For  4 years            0.2301% PA            2.1051% PA
For  5 years            0.2301% PA            2.2301% PA
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POUND STERLING       VALUE 14-07-2020   VALUE 14-07-2020
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For  3 months and over but less than
     6 Months          -0.1569% PA            0.5931% PA
For  6 months and over but less than
    12 months          -0.0271% PA            0.7229% PA
For 12 Months           0.1218% PA            0.9968% PA
For  2 Years            0.1218% PA            1.4968% PA
For  3 Years            0.1218% PA            1.7468% PA
For  4 years            0.1218% PA            1.9968% PA
For  5 years            0.1218% PA            2.1218% PA
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EURO                 VALUE 14-07-2020   VALUE 14-07-2020
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For  3 months and over but less than
     6 months           0.1881% PA            0.9381% PA
For  6 months and over but less than
    12 months           0.1100% PA            0.8600% PA
For 12 Months           0.0317% PA            0.9067% PA
For  2 Years            0.0317% PA            1.4067% PA
For  3 Years            0.0317% PA            1.6567% PA
For  4 years            0.0317% PA            1.9067% PA
For  5 years            0.0317% PA            2.0317% PA
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JAPANESE YEN         VALUE 14-07-2020   VALUE 14-07-2020
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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           0.2222% PA            0.5278% PA
For 12 Months           0.1517% PA            0.7233% PA
For  2 Years            0.1517% PA            1.2233% PA
For  3 Years            0.1517% PA            1.4733% PA
For  4 Years            0.1517% PA            1.7233% PA
For  5 years            0.1517% PA            1.8483% PA
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Copyright Business Recorder, 2020