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 (December 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 01.12.2020   VALUE 01.12.2020
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For  3 months and over but less than
     6 months          -0.0246% PA            0.7254% PA
For  6 months and over but less than
    12 Months           0.0804% PA            0.7574% PA
For 12 months           0.0804% PA            0.9554% PA
For  2 Years            0.0804% PA            1.4554% PA
For  3 Years            0.0804% PA            1.7054% PA
For  4 years            0.0804% PA            1.9554% PA
For  5 years            0.0804% PA            2.0804% PA
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POUND STERLING       VALUE 01.12.2020   VALUE 01.12.2020
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For  3 months and over but less than
     6 Months          -0.2085% PA            0.5415% PA
For  6 months and over but less than
    12 months          -0.1871% PA            0.5629% PA
For 12 Months          -0.1169% PA            0.7581% PA
For  2 Years           -0.1169% PA            1.2581% PA
For  3 Years           -0.1169% PA            1.5081% PA
For  4 years           -0.1169% PA            1.7581% PA
For  5 years           -0.1169% PA            1.8831% PA
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EURO                 VALUE 01.12.2020   VALUE 01.12.2020
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For  3 months and over but less than
     6 months           0.2953% PA            1.0453% PA
For  6 months and over but less than
    12 months           0.2651% PA            1.0151% PA
For 12 Months           0.2274% PA            1.1024% PA
For  2 Years            0.2274% PA            1.6024% PA
For  3 Years            0.2274% PA            1.8524% PA
For  4 years            0.2274% PA            2.1024% PA
For  5 years            0.2274% PA            2.2274% PA
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JAPANESE YEN         VALUE 01.12.2020   VALUE 01.12.2020
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For  3 months and over but less than
     6 months           0.1350% PA            0.6150% PA
For  6 months and over but less than
    12 months           0.1858% PA            0.5642% PA
For 12 Months           0.1990% PA            0.6760% PA
For  2 Years            0.1990% PA            1.1760% PA
For  3 Years            0.1990% PA            1.4260% PA
For  4 Years            0.1990% PA            1.6760% PA
For  5 years            0.1990% PA            1.8010% PA
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Copyright Business Recorder, 2020