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 (August 3, 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 03-08-2020   VALUE 03-08-2020
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For  3 months and over but less than
     6 months           0.0010% PA            0.7510% PA
For  6 months and over but less than
    12 Months           0.0649% PA            0.8149% PA
For 12 months           0.2065% PA            1.0815% PA
For  2 Years            0.2065% PA            1.5815% PA
For  3 Years            0.2065% PA            1.8315% PA
For  4 years            0.2065% PA            2.0815% PA
For  5 years            0.2065% PA            2.2065% PA
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POUND STERLING       VALUE 03-08-2020   VALUE 03-08-2020
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For  3 months and over but less than
     6 Months          -0.1679% PA            0.5821% PA
For  6 months and over but less than
    12 months          -0.0883% PA            0.6618% PA
For 12 Months           0.0614% PA            0.9364% PA
For  2 Years            0.0614% PA            1.4364% PA
For  3 Years            0.0614% PA            1.6864% PA
For  4 years            0.0614% PA            1.9364% PA
For  5 years            0.0614% PA            2.0614% PA
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EURO                 VALUE 03-08-2020   VALUE 03-08-2020
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For  3 months and over but less than
     6 months           0.1906% PA            0.9406% PA
For  6 months and over but less than
    12 months           0.1804% PA            0.9304% PA
For 12 Months           0.0751% PA            0.9501% PA
For  2 Years            0.0751% PA            1.4501% PA
For  3 Years            0.0751% PA            1.7001% PA
For  4 years            0.0751% PA            1.9501% PA
For  5 years            0.0751% PA            2.0751% PA
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JAPANESE YEN         VALUE 03-08-2020   VALUE 03-08-2020
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For  3 months and over but less than
     6 months           0.1925% PA            0.5575% PA
For  6 months and over but less than
    12 months           0.2192% PA            0.5308% 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