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 (October 16, 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 16.10.2020   VALUE 16.10.2020
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For  3 months and over but less than
     6 months          -0.0199% PA            0.7301% PA
For  6 months and over but less than
    12 Months          -0.0032% PA            0.7533% PA
For 12 months           0.0940% PA            0.9690% PA
For  2 Years            0.0940% PA            1.4690% PA
For  3 Years            0.0940% PA            1.7190% PA
For  4 years            0.0940% PA            1.9690% PA
For  5 years            0.0940% PA            2.0940% PA
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POUND STERLING       VALUE 16.10.2020   VALUE 16.10.2020
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For  3 months and over but less than
     6 Months          -0.2044% PA            0.5456% PA
For  6 months and over but less than
    12 months          -0.1738% PA            0.5763% PA
For 12 Months          -0.1211% PA            0.7539% PA
For  2 Years           -0.1211% PA            1.2539% PA
For  3 Years           -0.1211% PA            1.5039% PA
For  4 years           -0.1211% PA            1.7539% PA
For  5 years           -0.1211% PA            1.8789% PA
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EURO                 VALUE 16.10.2020   VALUE 16.10.2020
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For  3 months and over but less than
     6 months           0.2793% PA            1.0293% PA
For  6 months and over but less than
    12 months           0.2569% PA            0.0069% PA
For 12 Months           0.2126% PA            1.0876% PA
For  2 Years            0.2126% PA            1.5876% PA
For  3 Years            0.2126% PA            1.8376% PA
For  4 years            0.2126% PA            2.0876% PA
For  5 years            0.2126% PA            2.2126% PA
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JAPANESE YEN         VALUE 16.10.2020   VALUE 16.10.2020
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For  3 months and over but less than
     6 months           0.1485% PA            0.6015% PA
For  6 months and over but less than
    12 months           0.1872% PA            0.5628% 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