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 Thursday (August 27, 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 27.08.2020   VALUE 27.08.2020
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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           0.0581% PA            0.8081% PA
For 12 months           0.1900% PA            1.0650% PA
For  2 Years            0.1900% PA            1.5650% PA
For  3 Years            0.1900% PA            1.8150% PA
For  4 years            0.1900% PA            2.0650% PA
For  5 years            0.1900% PA            2.1900% PA
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POUND STERLING       VALUE 27.08.2020   VALUE 27.08.2020
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For  3 months and over but less than
     6 Months          -0.1823% PA            0.5678% PA
For  6 months and over but less than
    12 months          -0.1350% PA            0.6150% PA
For 12 Months           0.0080% PA            0.8670% PA
For  2 Years            0.0080% PA            1.3670% PA
For  3 Years            0.0080% PA            1.6170% PA
For  4 years            0.0080% PA            1.8670% PA
For  5 years            0.0080% PA            1.9920% PA
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EURO                 VALUE 27.08.2020   VALUE 27.08.2020
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For  3 months and over but less than
     6 months           0.2666% PA            1.0166% PA
For  6 months and over but less than
    12 months           0.2147% PA            0.9647% PA
For 12 Months           0.1164% PA            0.9914% PA
For  2 Years            0.1164% PA            1.4914% PA
For  3 Years            0.1164% PA            1.7414% PA
For  4 years            0.1164% PA            1.9914% PA
For  5 years            0.1164% PA            2.1164% PA
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JAPANESE YEN         VALUE 27.08.2020   VALUE 27.08.2020
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For  3 months and over but less than
     6 months           0.1957% PA            0.5543% PA
For  6 months and over but less than
    12 months           0.2087% PA            0.5413% PA
For 12 Months           0.1448% PA            0.7302% PA
For  2 Years            0.1448% PA            1.2302% PA
For  3 Years            0.1448% PA            1.4802% PA
For  4 Years            0.1448% PA            1.7302% PA
For  5 years            0.1448% PA            1.8552% PA
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Copyright Business Recorder, 2020