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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 Wednesday (September 23, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 23.09.2020   VALUE 23.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0268% PA            0.7233% PA
For  6 months and over but less than
    12 Months           0.0229% PA            0.7729% PA
For 12 months           0.1285% PA            1.0035% PA
For  2 Years            0.1285% PA            1.5035% PA
For  3 Years            0.1285% PA            1.7535% PA
For  4 years            0.1285% PA            2.0035% PA
For  5 years            0.1285% PA            2.1285% PA
--------------------------------------------------------
POUND STERLING       VALUE 23.09.2020   VALUE 23.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.1934% PA            0.5566% PA
For  6 months and over but less than
    12 months          -0.1715% PA            0.5785% PA
For 12 Months          -0.1069% PA            0.7681% PA
For  2 Years           -0.1069% PA            1.2681% PA
For  3 Years           -0.1069% PA            1.5181% PA
For  4 years           -0.1069% PA            1.7681% PA
For  5 years           -0.1069% PA            1.8931% PA
--------------------------------------------------------
EURO                 VALUE 23.09.2020   VALUE 23.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2673% PA            1.0173% PA
For  6 months and over but less than
    12 months           0.2449% PA            0.9949% PA
For 12 Months           0.1810% PA            1.0560% PA
For  2 Years            0.1810% PA            1.5560% PA
For  3 Years            0.1810% PA            1.8060% PA
For  4 years            0.1810% PA            2.0560% PA
For  5 years            0.1810% PA            2.1810% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 23.09.2020   VALUE 23.09.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1522% PA            0.5978% PA
For  6 months and over but less than
    12 months           0.2142% PA            0.5358% PA
For 12 Months           0.1645% PA            0.7105% PA
For  2 Years            0.1645% PA            1.2105% PA
For  3 Years            0.1645% PA            1.4605% PA
For  4 Years            0.1645% PA            1.7105% PA
For  5 years            0.1645% PA            1.8355% PA
========================================================

Copyright Business Recorder, 2020

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