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 (August 21, 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 21.08.2020   VALUE 21.08.2020
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For  3 months and over but less than
     6 months          -0.0031% PA            0.7469% PA
For  6 months and over but less than
    12 Months           0.0545% PA            0.8045% PA
For 12 months           0.1949% PA            1.0699% PA
For  2 Years            0.1949% PA            1.5699% PA
For  3 Years            0.1949% PA            1.8199% PA
For  4 years            0.1949% PA            2.0699% PA
For  5 years            0.1949% PA            2.1949% PA
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POUND STERLING       VALUE 21.08.2020   VALUE 21.08.2020
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For  3 months and over but less than
     6 Months          -0.1826% PA            0.5674% PA
For  6 months and over but less than
    12 months          -0.1326% PA            0.6174% PA
For 12 Months           0.0059% PA            0.8809% PA
For  2 Years            0.0059% PA            1.3809% PA
For  3 Years            0.0059% PA            1.6309% PA
For  4 years            0.0059% PA            1.8809% PA
For  5 years            0.0059% PA            2.0059% PA
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EURO                 VALUE 21.08.2020   VALUE 21.08.2020
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For  3 months and over but less than
     6 months           0.2647% PA            1.0147% PA
For  6 months and over but less than
    12 months           0.2227% PA            0.9727% PA
For 12 Months           0.1033% PA            0.9783% PA
For  2 Years            0.1033% PA            1.4783% PA
For  3 Years            0.1033% PA            1.7283% PA
For  4 years            0.1033% PA            1.9783% PA
For  5 years            0.1033% PA            2.1033% PA
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JAPANESE YEN         VALUE 21.08.2020   VALUE 21.08.2020
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For  3 months and over but less than
     6 months           0.1958% PA            0.5542% PA
For  6 months and over but less than
    12 months           0.2070% PA            0.5430% PA
For 12 Months           0.1415% PA            0.7335% PA
For  2 Years            0.1415% PA            1.2335% PA
For  3 Years            0.1415% PA            1.4835% PA
For  4 Years            0.1415% PA            1.7335% PA
For  5 years            0.1415% PA            1.8585% PA
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Copyright Business Recorder, 2020