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 20, 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 20-07-2020   VALUE 20-07-2020
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For  3 months and over but less than
     6 months           0.0218% PA            0.7718% PA
For  6 months and over but less than
    12 Months           0.0924% PA            0.8424% PA
For 12 months           0.2255% PA            1.1005% PA
For  2 Years            0.2255% PA            1.6005% PA
For  3 Years            0.2255% PA            1.8505% PA
For  4 years            0.2255% PA            2.1005% PA
For  5 years            0.2255% PA            2.2255% PA
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POUND STERLING       VALUE 20-07-2020   VALUE 20-07-2020
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For  3 months and over but less than
     6 Months          -0.1656% PA            0.5844% PA
For  6 months and over but less than
    12 months          -0.0570% PA            0.6930% PA
For 12 Months           0.0894% PA            0.9644% PA
For  2 Years            0.0894% PA            1.4644% PA
For  3 Years            0.0894% PA            1.7144% PA
For  4 years            0.0894% PA            1.9644% PA
For  5 years            0.0894% PA            2.0894% PA
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EURO                 VALUE 20-07-2020   VALUE 20-07-2020
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For  3 months and over but less than
     6 months           0.2017% PA            0.9517% PA
For  6 months and over but less than
    12 months           0.1510% PA            0.9010% PA
For 12 Months           0.0413% PA            0.9163% PA
For  2 Years            0.0413% PA            1.4163% PA
For  3 Years            0.0413% PA            1.6663% PA
For  4 years            0.0413% PA            1.9163% PA
For  5 years            0.0413% PA            2.0413% PA
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JAPANESE YEN         VALUE 20-07-2020   VALUE 20-07-2020
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For  3 months and over but less than
     6 months          0.2043% PA            0.5457% PA
For  6 months and over but less than
    12 months           0.2210% PA            0.5290% PA
For 12 Months           0.1477% PA            0.7273% PA
For  2 Years            0.1477% PA            1.2273% PA
For  3 Years            0.1477% PA            1.4773% PA
For  4 Years            0.1477% PA            1.7273% PA
For  5 years            0.1477% PA            1.8523% PA
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Copyright Business Recorder, 2020