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 Friday (July 24, 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 24-07-2020   VALUE 24-07-2020
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For  3 months and over but less than
     6 months           0.0135% PA            0.7635% PA
For  6 months and over but less than
    12 Months           0.0775% PA            0.8275% PA
For 12 months           0.2133% PA            1.0883% PA
For  2 Years            0.2133% PA            1.5883% PA
For  3 Years            0.2133% PA            1.8383% PA
For  4 years            0.2133% PA            2.0883% PA
For  5 years            0.2133% PA            2.2133% PA
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POUND STERLING       VALUE 24-07-2020   VALUE 24-07-2020
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For  3 months and over but less than
     6 Months          -0.1720% PA            0.5780% PA
For  6 months and over but less than
    12 months          -0.0714% PA            0.6786% PA
For 12 Months           0.0684% PA            0.9434% PA
For  2 Years            0.0684% PA            1.4434% PA
For  3 Years            0.0684% PA            1.6934% PA
For  4 years            0.0684% PA            1.9434% PA
For  5 years            0.0684% PA            2.0684% PA
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EURO                 VALUE 24-07-2020   VALUE 24-07-2020
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For  3 months and over but less than
     6 months           0.1864% PA            0.9364% PA
For  6 months and over but less than
    12 months           0.1590% PA            0.9090% PA
For 12 Months           0.0551% PA            0.9301% PA
For  2 Years            0.0551% PA            1.4301% PA
For  3 Years            0.0551% PA            1.6801% PA
For  4 years            0.0551% PA            1.9301% PA
For  5 years            0.0551% PA            2.0551% PA
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JAPANESE YEN         VALUE 24-07-2020   VALUE 24-07-2020
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For  3 months and over but less than
     6 months           0.2022% PA            0.5478% PA
For  6 months and over but less than
    12 months           0.2195% PA            0.5305% PA
For 12 Months           0.1457% PA            0.7293% PA
For  2 Years            0.1457% PA            1.2293% PA
For  3 Years            0.1457% PA            1.4793% PA
For  4 Years            0.1457% PA            1.7293% PA
For  5 years            0.1457% PA            1.8543% PA
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Copyright Business Recorder, 2020