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 (August 19, 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 19 08 2020   VALUE 19 08 2020
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For  3 months and over but less than
     6 months           0.0178% PA            0.7678% PA
For  6 months and over but less than
    12 Months           0.0696% PA            0.8196% PA
For 12 months           0.2104% PA            1.0854% PA
For  2 Years            0.2104% PA            1.5854% PA
For  3 Years            0.2104% PA            1.8354% PA
For  4 years            0.2104% PA            2.0854% PA
For  5 years            0.2104% PA            2.2104% PA
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POUND STERLING       VALUE 19-08 2020   VALUE 19 08 2020
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For  3 months and over but less than
     6 Months          -0.1766% PA            0.5734% PA
For  6 months and over but less than
    12 months          -0.1190% PA            0.6310% PA
For 12 Months           0.0155% PA            0.8905% PA
For  2 Years            0.0155% PA            1.3905% PA
For  3 Years            0.0155% PA            1.6405% PA
For  4 years            0.0155% PA            1.8905% PA
For  5 years            0.0155% PA            2.0155% PA
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EURO                 VALUE 19 08 2020   VALUE 19 08 2020
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For  3 months and over but less than
     6 months           0.2630% PA            1.0130% PA
For  6 months and over but less than
    12 months           0.2191% PA            0.9691% PA
For 12 Months           0.1021% PA            0.9771% PA
For  2 Years            0.1021% PA            1.4771% PA
For  3 Years            0.1021% PA            1.7271% PA
For  4 years            0.1021% PA            1.9771% PA
For  5 years            0.1021% PA            2.1021% PA
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JAPANESE YEN         VALUE 19 08 2020   VALUE 19 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           0.2072% PA            0.5428% PA
For 12 Months           0.1412% PA            0.7338% PA
For  2 Years            0.1412% PA            1.2338% PA
For  3 Years            0.1412% PA            1.4838% PA
For  4 Years            0.1412% PA            1.7338% PA
For  5 years            0.1412% PA            1.8588% PA
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Copyright Business Recorder, 2020