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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 (August 28, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 28.08.2020   VALUE 28.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.0059% PA            0.7559% PA
For  6 months and over but less than
    12 Months           0.0573% PA            0.8073% PA
For 12 months           0.1959% PA            1.0709% PA
For  2 Years            0.1959% PA            1.5709% PA
For  3 Years            0.1959% PA            1.8209% PA
For  4 years            0.1959% PA            2.0709% PA
For  5 years            0.1959% PA            2.1959% PA
--------------------------------------------------------
POUND STERLING       VALUE 28.08.2020   VALUE 28.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months           0.1844% PA            0.5656% PA
For  6 months and over but less than
    12 months           0.1300% PA            0.6200% PA
For 12 Months           0.0014% PA            0.8736% PA
For  2 Years            0.0014% PA            1.3736% PA
For  3 Years            0.0014% PA            1.6236% PA
For  4 years            0.0014% PA            1.8736% PA
For  5 years            0.0014% PA            1.9986% PA
--------------------------------------------------------
EURO                 VALUE 28.08.2020   VALUE 28.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2630% PA            1.0130% PA
For  6 months and over but less than
    12 months           0.2154% PA            0.9654% PA
For 12 Months           0.1109% PA            0.9859% PA
For  2 Years            0.1109% PA            1.4859% PA
For  3 Years            0.1109% PA            1.7359% PA
For  4 years            0.1109% PA            1.9859% PA
For  5 years            0.1109% PA            2.1109% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 28.08.2020   VALUE 28.08.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1977% PA            0.5523% PA
For  6 months and over but less than
    12 months           0.2097% PA            0.5403% PA
For 12 Months           0.1418% PA            0.7332% PA
For  2 Years            0.1418% PA            1.2332% PA
For  3 Years            0.1418% PA            1.4832% PA
For  4 Years            0.1418% PA            1.7332% PA
For  5 years            0.1418% PA            1.8582% PA
========================================================

Copyright Business Recorder, 2020

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