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 21, 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 21-07-2020   VALUE 21-07-2020
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For  3 months and over but less than
     6 months           0.0214% PA            0.7714% PA
For  6 months and over but less than
    12 Months           0.0836% PA            0.8336% PA
For 12 months           0.2200% PA            1.0950% PA
For  2 Years            0.2200% PA            1.5950% PA
For  3 Years            0.2200% PA            1.8450% PA
For  4 years            0.2200% PA            2.0950% PA
For  5 years            0.2200% PA            2.2200% PA
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POUND STERLING       VALUE 21-07-2020   VALUE 21-07-2020
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For  3 months and over but less than
     6 Months          -0.1724% PA            0.5776% PA
For  6 months and over but less than
    12 months          -0.0626% PA            0.6874% PA
For 12 Months           0.0793% PA            0.9543% PA
For  2 Years            0.0793% PA            1.4543% PA
For  3 Years            0.0793% PA            1.7043% PA
For  4 years            0.0793% PA            1.9543% PA
For  5 years            0.0793% PA            2.0793% PA
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EURO                 VALUE 21-07-2020   VALUE 21-07-2020
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For  3 months and over but less than
     6 months           0.1941% PA            0.9441% PA
For  6 months and over but less than
    12 months           0.1511% PA            0.9011% PA
For 12 Months           0.0434% PA            0.9184% PA
For  2 Years            0.0434% PA            1.4184% PA
For  3 Years            0.0434% PA            1.6684% PA
For  4 years            0.0434% PA            1.9184% PA
For  5 years            0.0434% PA            2.0434% PA
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JAPANESE YEN         VALUE 21-07-2020   VALUE 21-07-2020
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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