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 15, 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 15.10.2020   VALUE 15.10.2020
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For  3 months and over but less than
     6 months          -0.0131% PA            0.7369% PA
For  6 months and over but less than
    12 Months          -0.0045% PA            0.7545% PA
For 12 months           0.0955% PA            0.9705% PA
For  2 Years            0.0955% PA            1.4705% PA
For  3 Years            0.0955% PA            1.7205% PA
For  4 years            0.0955% PA            1.9705% PA
For  5 years            0.0955% PA            2.0955% PA
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POUND STERLING         VALUE 15.10.20   VALUE 15.10.2020
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For  3 months and over but less than
     6 Months          -0.2036% PA            0.5464% PA
For  6 months and over but less than
    12 months          -0.1691% PA            0.5809% PA
For 12 Months          -0.1061% PA            0.7689% PA
For  2 Years           -0.1061% PA            1.2689% PA
For  3 Years           -0.1061% PA            1.5189% PA
For  4 years           -0.1061% PA            1.7689% PA
For  5 years           -0.1061% PA            1.8939% PA
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EURO                   VALUE 15.10.20   VALUE 15.10.2020
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For  3 months and over but less than
     6 months           0.2801% PA            1.0301% PA
For  6 months and over but less than
    12 months           0.2543% PA            0.0043% PA
For 12 Months           0.2080% PA            1.0830% PA
For  2 Years            0.2080% PA            1.5830% PA
For  3 Years            0.2080% PA            1.8330% PA
For  4 years            0.2080% PA            2.0830% PA
For  5 years            0.2080% PA            2.2080% PA
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JAPANESE YEN           VALUE 15.10.20   VALUE 15.10.2020
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For  3 months and over but less than
     6 months           0.1490% PA            0.6010% PA
For  6 months and over but less than
    12 months           0.1887% PA            0.5613% PA
For 12 Months           0.2063% PA            0.6687% PA
For  2 Years            0.2063% PA            1.1687% PA
For  3 Years            0.2063% PA            1.4187% PA
For  4 Years            0.2063% PA            1.6687% PA
For  5 years            0.2063% PA            1.7937% PA
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Copyright Business Recorder, 2020