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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 (October 7, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 07.10.2020   VALUE 07.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0298% PA            0.7203% PA
For  6 months and over but less than
    12 Months          -0.0163% PA            0.7338% PA
For 12 months           0.0988% PA            0.9738% PA
For  2 Years            0.0988% PA            1.4738% PA
For  3 Years            0.0988% PA            1.7238% PA
For  4 years            0.0988% PA            1.9738% PA
For  5 years            0.0988% PA            2.0988% PA
--------------------------------------------------------
POUND STERLING       VALUE 07.10.2020   VALUE 07.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.2013% PA            0.5488% PA
For  6 months and over but less than
    12 months          -0.1724% PA            0.5776% PA
For 12 Months          -0.0979% PA            0.7771% PA
For  2 Years           -0.0979% PA            1.2771% PA
For  3 Years           -0.0979% PA            1.5271% PA
For  4 years           -0.0979% PA            1.7771% PA
For  5 years           -0.0979% PA            1.9021% PA
--------------------------------------------------------
EURO                 VALUE 07.10.2020   VALUE 07.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2786% PA            1.0286% PA
For  6 months and over but less than
    12 months           0.2453% PA            0.9953% PA
For 12 Months           0.1926% PA            1.0676% PA
For  2 Years            0.1926% PA            1.5676% PA
For  3 Years            0.1926% PA            1.8176% PA
For  4 years            0.1926% PA            2.0676% PA
For  5 years            0.1926% PA            2.1926% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 07.10.2020   VALUE 07.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1477% PA            0.6023% PA
For  6 months and over but less than
    12 months           0.1978% PA            0.5522% PA
For 12 Months           0.2048% PA            0.6702% PA
For  2 Years            0.2048% PA            1.1702% PA
For  3 Years            0.2048% PA            1.4202% PA
For  4 Years            0.2048% PA            1.6702% PA
For  5 years            0.2048% PA            1.7952% PA
========================================================

Copyright Business Recorder, 2020

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