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 Wednesday (November 18, 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 18.11.2020   VALUE 18.11.2020
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For  3 months and over but less than
     6 months          -0.0296% PA            0.7204% PA
For  6 months and over but less than
    12 Months          -0.0010% PA            0.7204% PA
For 12 months           0.0896% PA            0.9646% PA
For  2 Years            0.0896% PA            1.4646% PA
For  3 Years            0.0896% PA            1.7146% PA
For  4 years            0.0896% PA            1.9646% PA
For  5 years            0.0896% PA            2.0896% PA
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POUND STERLING       VALUE 18.11.2020   VALUE 18.11.2020
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For  3 months and over but less than
     6 Months          -0.2023% PA            0.5478% PA
For  6 months and over but less than
    12 months          -0.1824% PA            0.5676% PA
For 12 Months          -0.1174% PA            0.7576% PA
For  2 Years           -0.1174% PA            1.2576% PA
For  3 Years           -0.1174% PA            1.5076% PA
For  4 years           -0.1174% PA            1.7576% PA
For  5 years           -0.1174% PA            1.8826% PA
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EURO                 VALUE 18.11.2020   VALUE 18.11.2020
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For  3 months and over but less than
     6 months           0.2897% PA            1.0397% PA
For  6 months and over but less than
    12 months           0.2657% PA            1.0157% PA
For 12 Months           0.2071% PA            1.0821% PA
For  2 Years            0.2071% PA            1.5821% PA
For  3 Years            0.2071% PA            1.8321% PA
For  4 years            0.2071% PA            2.0821% PA
For  5 years            0.2071% PA            2.2071% PA
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JAPANESE YEN         VALUE 18.11.2020   VALUE 18.11.2020
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For  3 months and over but less than
     6 months           0.1473% PA            0.6027% PA
For  6 months and over but less than
    12 months           0.1875% PA            0.5625% PA
For 12 Months           0.2000% PA            0.6750% PA
For  2 Years            0.2000% PA            1.1750% PA
For  3 Years            0.2000% PA            1.4250% PA
For  4 Years            0.2000% PA            1.6750% PA
For  5 years            0.2000% PA            1.8000% PA
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Copyright Business Recorder, 2020