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 (October 1, 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 01.10.2020   VALUE 01.10.2020
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For  3 months and over but less than
     6 months          -0.0249% PA            0.7251% PA
For  6 months and over but less than
    12 Months           0.0151% PA            0.7651% PA
For 12 months           0.1093% PA            0.9843% PA
For  2 Years            0.1093% PA            1.4843% PA
For  3 Years            0.1093% PA            1.7843% PA
For  4 years            0.1093% PA            1.9843% PA
For  5 years            0.1093% PA            2.1093% PA
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POUND STERLING       VALUE 01.10.2020   VALUE 01.10.2020
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For  3 months and over but less than
     6 Months          -0.1836% PA            0.5664% PA
For  6 months and over but less than
    12 months          -0.1690% PA            0.5810% PA
For 12 Months          -0.1033% PA            0.7718% PA
For  2 Years           -0.1033% PA            1.2718% PA
For  3 Years           -0.1033% PA            1.5218% PA
For  4 years           -0.1033% PA            1.7718% PA
For  5 years           -0.1033% PA            1.8968% PA
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EURO                 VALUE 01.10.2020   VALUE 01.10.2020
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For  3 months and over but less than
     6 months           0.2616% PA            1.0116% PA
For  6 months and over but less than
    12 months           0.2537% PA            1.0037% PA
For 12 Months           0.1874% PA            1.0624% PA
For  2 Years            0.1874% PA            1.5624% PA
For  3 Years            0.1874% PA            1.8124% PA
For  4 years            0.1874% PA            2.0624% PA
For  5 years            0.1874% PA            2.1874% PA
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JAPANESE YEN         VALUE 01.10.2020   VALUE 01.10.2020
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For  3 months and over but less than
     6 months           0.1460% PA            0.6040% PA
For  6 months and over but less than
    12 months           0.1937% PA            0.5563% PA
For 12 Months           0.2070% PA            0.6680% PA
For  2 Years            0.2070% PA            1.1680% PA
For  3 Years            0.2070% PA            1.4180% PA
For  4 Years            0.2070% PA            1.6680% PA
For  5 years            0.2070% PA            1.7930% PA
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Copyright Business Recorder, 2020