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 Wednesday (July 29, 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 29-07-2020   VALUE 29-07-2020
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For  3 months and over but less than
     6 months           0.0196% PA            0.7696% PA
For  6 months and over but less than
    12 Months           0.0666% PA            0.8166% PA
For 12 months           0.2069% PA            1.0819% PA
For  2 Years            0.2069% PA            1.5819% PA
For  3 Years            0.2069% PA            1.8319% PA
For  4 years            0.2069% PA            2.0819% PA
For  5 years            0.2069% PA            2.2069% PA
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POUND STERLING       VALUE 29-07-2020   VALUE 29-07-2020
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For  3 months and over but less than
     6 Months          -0.0754% PA            0.6746% PA
For  6 months and over but less than
For 12 Months           0.0619% PA            0.9369% PA
For  2 Years            0.0619% PA            1.4369% PA
For  3 Years            0.0619% PA            1.6869% PA
For  4 years            0.0619% PA            1.9369% PA
For  5 years            0.0619% PA            2.0619% PA
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EURO                 VALUE 29-07-2020   VALUE 29-07-2020
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For  3 months and over but less than
     6 months           0.1940% PA            0.9440% PA
For  6 months and over but less than
    12 months           0.1679% PA            0.9179% PA
For 12 Months           0.0540% PA            0.9290% PA
For  2 Years            0.0540% PA            1.4290% PA
For  3 Years            0.0540% PA            1.6790% PA
For  4 years            0.0540% PA            1.9290% PA
For  5 years            0.0540% PA            2.0540% PA
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JAPANESE YEN         VALUE 29-07-2020   VALUE 29-07-2020
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For  3 months and over but less than
     6 months           0.2012% PA            0.5488% PA
For  6 months and over but less than
    12 months           0.2205% PA            0.5295% PA
For 12 Months           0.1470% PA            0.7280% PA
For  2 Years            0.1470% PA            1.2280% PA
For  3 Years            0.1470% PA            1.4780% PA
For  4 Years            0.1470% PA            1.7280% PA
For  5 years            0.1470% PA            1.8530% PA
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Copyright Business Recorder, 2020