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 (December 2, 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 02.12.2020   VALUE 02.12.2020
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For  3 months and over but less than
     6 months          -0.0224% PA            0.7276% PA
For  6 months and over but less than
    12 Months           0.0050% PA            0.7550% PA
For 12 months           0.0803% PA            0.9553% PA
For  2 Years            0.0803% PA            1.4553% PA
For  3 Years            0.0803% PA            1.7053% PA
For  4 years            0.0803% PA            1.9553% PA
For  5 years            0.0803% PA            2.0803% PA
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POUND STERLING       VALUE 02.12.2020   VALUE 02.12.2020
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For  3 months and over but less than
     6 Months          -0.2054% PA            0.5446% PA
For  6 months and over but less than
    12 months          -0.1856% PA            0.5644% PA
For 12 Months          -0.1206% PA            0.7544% PA
For  2 Years           -0.1206% PA            1.2544% PA
For  3 Years           -0.1206% PA            1.5044% PA
For  4 years           -0.1206% PA            1.7544% PA
For  5 years           -0.1206% PA            1.8794% PA
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EURO                 VALUE 02.12.2020   VALUE 02.12.2020
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For  3 months and over but less than
     6 months           0.3016% PA            1.0516% PA
For  6 months and over but less than
    12 months           0.2671% PA            1.0171% PA
For 12 Months           0.2281% PA            1.1031% PA
For  2 Years            0.2281% PA            1.6031% PA
For  3 Years            0.2281% PA            1.8531% PA
For  4 years            0.2281% PA            2.1031% PA
For  5 years            0.2281% PA            2.2281% PA
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JAPANESE YEN         VALUE 02.12.2020   VALUE 02.12.2020
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For  3 months and over but less than
     6 months           0.1330% PA            0.6170% PA
For  6 months and over but less than
    12 months           0.1860% PA            0.5640% PA
For 12 Months           0.1972% PA            0.6778% PA
For  2 Years            0.1972% PA            1.1778% PA
For  3 Years            0.1972% PA            1.4278% PA
For  4 Years            0.1972% PA            1.6778% PA
For  5 years            0.1972% PA            1.8028% PA
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Copyright Business Recorder, 2020