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 (September 7, 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 07.09.2020   VALUE 07.09.2020
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For  3 months and over but less than
     6 months          -0.0005% PA            0.7495% PA
For  6 months and over but less than
    12 Months           0.0373% PA            0.7873% PA
For 12 months           0.1763% PA            1.0513% PA
For  2 Years            0.1763% PA            1.5513% PA
For  3 Years            0.1763% PA            1.8013% PA
For  4 years            0.1763% PA            2.0513% PA
For  5 years            0.1763% PA            2.1763% PA
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POUND STERLING       VALUE 07.09.2020   VALUE 07.09.2020
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For  3 months and over but less than
     6 Months          -0.1771% PA            0.5729% PA
For  6 months and over but less than
    12 months          -0.1261% PA            0.6239% PA
For 12 Months          -0.0264% PA            0.8486% PA
For  2 Years           -0.0264% PA            1.3486% PA
For  3 Years           -0.0264% PA            1.5986% PA
For  4 years           -0.0264% PA            1.8486% PA
For  5 years           -0.0264% PA            1.9736% PA
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EURO                 VALUE 07.09.2020   VALUE 07.09.2020
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For  3 months and over but less than
     6 months           0.2511% PA            1.0011% PA
For  6 months and over but less than
    12 months           0.2281% PA            0.9781% PA
For 12 Months           0.1409% PA            1.0159% PA
For  2 Years            0.1409% PA            1.5159% PA
For  3 Years            0.1409% PA            1.7659% PA
For  4 years            0.1409% PA            2.0159% PA
For  5 years            0.1409% PA            2.1409% PA
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JAPANESE YEN         VALUE 07.09.2020   VALUE 07.09.2020
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For  3 months and over but less than
     6 months           0.1917% PA            0.5583% PA
For  6 months and over but less than
    12 months           0.2033% PA            0.5467% PA
For 12 Months           0.1590% PA            0.7160% PA
For  2 Years            0.1590% PA            1.2160% PA
For  3 Years            0.1590% PA            1.4660% PA
For  4 Years            0.1590% PA            1.7160% PA
For  5 years            0.1590% PA            1.8410% PA
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Copyright Business Recorder, 2020