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 Thursday (December 31, 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 31.12.2020   VALUE 31.12.2020
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For  3 months and over but less than
     6 months          -0.0039% PA            0.7539% PA
For  6 months and over but less than
    12 Months           0.0071% PA            0.7571% PA
For 12 months           0.0913% PA            0.9663% PA
For  2 Years            0.0913% PA            1.4663% PA
For  3 Years            0.0913% PA            1.7163% PA
For  4 years            0.0913% PA            1.9663% PA
For  5 years            0.0913% PA            2.0913% PA
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POUND STERLING       VALUE 31.12.2020   VALUE 31.12.2020
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For  3 months and over but less than
     6 Months          -0.2256% PA            0.5244% PA
For  6 months and over but less than
    12 months          -0.2190% PA            0.5310% PA
For 12 Months          -0.1531% PA            0.7219% PA
For  2 Years           -0.1531% PA            1.2219% PA
For  3 Years           -0.1531% PA            1.4719% PA
For  4 years           -0.1531% PA            1.7219% PA
For  5 years           -0.1531% PA            1.8469% PA
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EURO                 VALUE 31.12.2020   VALUE 31.12.2020
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For  3 months and over but less than
     6 months           0.3119% PA            1.0619% PA
For  6 months and over but less than
    12 months           0.2843% PA            1.0334% PA
For 12 Months           0.2393% PA            1.1143% PA
For  2 Years            0.2393% PA            1.6143% PA
For  3 Years            0.2393% PA            1.8643% PA
For  4 years            0.2393% PA            2.1143% PA
For  5 years            0.2393% PA            2.2393% PA
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JAPANESE YEN         VALUE 31.12.2020   VALUE 31.12.2020
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For  3 months and over but less than
     6 months           0.1643% PA            0.5857% PA
For  6 months and over but less than
    12 months           0.1983% PA            0.5517% 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, 2021