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 (September 11, 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 11.09.2020   VALUE 11.09.2020
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For  3 months and over but less than
     6 months          -0.0002% PA            0.7503% PA
For  6 months and over but less than
    12 Months           0.0353% PA            0.7853% PA
For 12 months           0.1648% PA            1.0398% PA
For  2 Years            0.1648% PA            1.5398% PA
For  3 Years            0.1648% PA            1.7898% PA
For  4 years            0.1648% PA            2.0398% PA
For  5 years            0.1648% PA            2.1648% PA
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POUND STERLING       VALUE 10.09.2020   VALUE 10.09.2020
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For  3 months and over but less than
     6 Months          -0.1908% PA            0.5593% PA
For  6 months and over but less than
    12 months          -0.1568% PA            0.5933% PA
For 12 Months          -0.0656% PA            0.8094% PA
For  2 Years           -0.0656% PA            1.3094% PA
For  3 Years           -0.0656% PA            1.5594% PA
For  4 years           -0.0656% PA            1.8094% PA
For  5 years           -0.0656% PA            1.9344% PA
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EURO                 VALUE 10.09.2020   VALUE 10.09.2020
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For  3 months and over but less than
     6 months           0.2679% PA            1.0179% PA
For  6 months and over but less than
    12 months           0.2471% PA            0.9971% PA
For 12 Months           0.1663% PA            1.0413% PA
For  2 Years            0.1663% PA            1.5413% PA
For  3 Years            0.1663% PA            1.7913% PA
For  4 years            0.1663% PA            2.0413% PA
For  5 years            0.1663% PA            2.1663% PA
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JAPANESE YEN         VALUE 10.09.2020   VALUE 10.09.2020
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For  3 months and over but less than
     6 months           0.1677% PA            0.5823% PA
For  6 months and over but less than
    12 months           0.1975% PA            0.5525% PA
For 12 Months           0.1698% PA            0.7052% PA
For  2 Years            0.1698% PA            1.2052% PA
For  3 Years            0.1698% PA            1.4552% PA
For  4 Years            0.1698% PA            1.7052% PA
For  5 years            0.1698% PA            1.8302% PA
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Copyright Business Recorder, 2020