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 10, 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 10-08-2020   VALUE 10-08-2020
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For  3 months and over but less than
     6 months          -0.0068% PA            0.7433% PA
For  6 months and over but less than
    12 Months           0.0391% PA            0.7891% PA
For 12 months           0.1964% PA            1.0714% PA
For  2 Years            0.1964% PA            1.5714% PA
For  3 Years            0.1964% PA            1.8214% PA
For  4 years            0.1964% PA            2.0714% PA
For  5 years            0.1964% PA            2.1964% PA
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POUND STERLING       VALUE 10-08-2020   VALUE 10-08-2020
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For  3 months and over but less than
     6 Months          -0.1754% PA            0.5746% PA
For  6 months and over but less than
    12 months          -0.1244% PA            0.6256% PA
For 12 Months           0.0461% PA            0.9211% PA
For  2 Years            0.0461% PA            1.4211% PA
For  3 Years            0.0461% PA            1.6711% PA
For  4 years            0.0461% PA            1.9211% PA
For  5 years            0.0461% PA            2.0461% PA
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EURO                 VALUE 10-08-2020   VALUE 10-08-2020
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For  3 months and over but less than
     6 months           0.2186% PA            0.9686% PA
For  6 months and over but less than
    12 months           0.2051% PA            0.9551% PA
For 12 Months           0.0980% PA            0.9730% PA
For  2 Years            0.0980% PA            1.4730% PA
For  3 Years            0.0980% PA            1.7230% PA
For  4 years            0.0980% PA            1.9730% PA
For  5 years            0.0980% PA            2.0980% PA
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JAPANESE YEN         VALUE 10-08-2020   VALUE 10-08-2020
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For  3 months and over but less than
     6 months           0.1948% PA            0.5552% PA
For  6 months and over but less than
    12 months           0.2193% PA            0.5307% PA
For 12 Months           0.1467% PA            0.7283% PA
For  2 Years            0.1467% PA            1.2283% PA
For  3 Years            0.1467% PA            1.4783% PA
For  4 Years            0.1467% PA            1.7283% PA
For  5 years            0.1467% PA            1.8533% PA
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Copyright Business Recorder, 2020