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 Tuesday (September 29, 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 29.09.2020   VALUE 29.09.2020
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For  3 months and over but less than
     6 months          -0.0321% PA            0.7179% PA
For  6 months and over but less than
    12 Months           0.0213% PA            0.7713% PA
For 12 months           0.1193% PA            0.9943% PA
For  2 Years            0.1193% PA            1.4943% PA
For  3 Years            0.1193% PA            1.7443% PA
For  4 years            0.1193% PA            1.9943% PA
For  5 years            0.1193% PA            2.1193% PA
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POUND STERLING       VALUE 29.09.2020   VALUE 29.09.2020
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For  3 months and over but less than
     6 Months          -0.1916% PA            0.5584% PA
For  6 months and over but less than
    12 months          -0.1576% PA            0.5924% PA
For 12 Months          -0.0924% PA            0.7826% PA
For  2 Years           -0.0924% PA            1.2826% PA
For  3 Years           -0.0924% PA            1.5326% PA
For  4 years           -0.0924% PA            1.7826% PA
For  5 years           -0.0924% PA            1.9076% PA
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EURO                 VALUE 29.09.2020   VALUE 29.09.2020
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For  3 months and over but less than
     6 months           0.2633% PA            1.0133% PA
For  6 months and over but less than
    12 months           0.2521% PA            1.0021% PA
For 12 Months           0.1856% PA            1.0606% PA
For  2 Years            0.1856% PA            1.5606% PA
For  3 Years            0.1856% PA            1.8106% PA
For  4 years            0.1856% PA            2.0606% PA
For  5 years            0.1856% PA            2.1856% PA
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JAPANESE YEN         VALUE 29.09.2020   VALUE 29.09.2020
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For  3 months and over but less than
     6 months           0.1533% PA            0.5967% PA
For  6 months and over but less than
    12 months           0.1993% PA            0.5507% PA
For 12 Months           0.1987% PA            0.6763% PA
For  2 Years            0.1987% PA            1.1763% PA
For  3 Years            0.1987% PA            1.4263% PA
For  4 Years            0.1987% PA            1.6763% PA
For  5 years            0.1987% PA            1.8013% PA
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Copyright Business Recorder, 2020