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 (December 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 18.12.2020   VALUE 18.12.2020
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For  3 months and over but less than
     6 months          -0.0136% PA            0.7364% PA
For  6 months and over but less than
    12 Months           0.0055% PA            0.7555% PA
For 12 months           0.0831% PA            0.9581% PA
For  2 Years            0.0831% PA            1.4581% PA
For  3 Years            0.0831% PA            1.7081% PA
For  4 years            0.0831% PA            1.9581% PA
For  5 years            0.0831% PA            2.0831% PA
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POUND STERLING       VALUE 18.12.2020   VALUE 18.12.2020
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For  3 months and over but less than
     6 Months          -0.2040% PA            0.5460% PA
For  6 months and over but less than
    12 months          -0.2078% PA            0.5423% PA
For 12 Months          -0.1354% PA            0.7396% PA
For  2 Years           -0.1354% PA            1.2396% PA
For  3 Years           -0.1354% PA            1.4896% PA
For  4 years           -0.1354% PA            1.7396% PA
For  5 years           -0.1354% PA            1.8646% PA
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EURO                 VALUE 18.12.2020   VALUE 18.12.2020
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For  3 months and over but less than
     6 months           0.3159% PA            1.0659% PA
For  6 months and over but less than
    12 months           0.2880% PA            1.0380% PA
For 12 Months           0.2420% PA            1.1170% PA
For  2 Years            0.2420% PA            1.6170% PA
For  3 Years            0.2420% PA            1.8670% PA
For  4 years            0.2420% PA            2.1170% PA
For  5 years            0.2420% PA            2.2420% PA
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JAPANESE YEN         VALUE 18.12.2020   VALUE 18.12.2020
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For  3 months and over but less than
     6 months           0.1520% PA            0.5980% PA
For  6 months and over but less than
    12 months           0.1905% PA            0.5595% PA
For 12 Months           0.1948% PA            0.6802% PA
For  2 Years            0.1948% PA            1.1802% PA
For  3 Years            0.1948% PA            1.4302% PA
For  4 Years            0.1948% PA            1.6802% PA
For  5 years            0.1948% PA            1.8052% PA
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Copyright Business Recorder, 2020