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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 (October 2, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 02.10.2020   VALUE 02.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0161% PA            0.7339% PA
For  6 months and over but less than
    12 Months           0.0097% PA            0.7598% PA
For 12 months           0.1101% PA            0.9851% PA
For  2 Years            0.1101% PA            1.4851% PA
For  3 Years            0.1101% PA            1.7351% PA
For  4 years            0.1101% PA            1.9851% PA
For  5 years            0.1101% PA            2.1101% PA
--------------------------------------------------------
POUND STERLING       VALUE 02.10.2020   VALUE 02.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.1891% PA            0.5609% PA
For  6 months and over but less than
    12 months          -0.1625% PA            0.5875% PA
For 12 Months          -0.0986% PA            0.7764% PA
For  2 Years           -0.0986% PA            1.2764% PA
For  3 Years           -0.0986% PA            1.5264% PA
For  4 years           -0.0986% PA            1.7764% PA
For  5 years           -0.0986% PA            1.9014% PA
--------------------------------------------------------
EURO                 VALUE 02.10.2020   VALUE 02.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2697% PA            1.0197% PA
For  6 months and over but less than
    12 months           0.2439% PA            0.9939% PA
For 12 Months           0.1853% PA            1.0603% PA
For  2 Years            0.1853% PA            1.5603% PA
For  3 Years            0.1853% PA            1.8103% PA
For  4 years            0.1853% PA            2.0603% PA
For  5 years            0.1853% PA            2.1853% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 02.10.2020   VALUE 02.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1462% PA            0.6038% PA
For  6 months and over but less than
    12 months           0.1970% PA            0.5530% PA
For 12 Months           0.2058% PA            0.6692% PA
For  2 Years            0.2058% PA            1.1692% PA
For  3 Years            0.2058% PA            1.4192% PA
For  4 Years            0.2058% PA            1.6692% PA
For  5 years            0.2058% PA            1.7942% PA
========================================================

Copyright Business Recorder, 2020

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