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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 Thursday (October 8, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 08.10.2020   VALUE 08.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0203% PA            0.7298% PA
For  6 months and over but less than
    12 Months           0.0108% PA            0.7393% PA
For 12 months          -0.0939% PA            0.9689% PA
For  2 Years            0.0939% PA            1.4689% PA
For  3 Years            0.0939% PA            1.7189% PA
For  4 years            0.0939% PA            1.9689% PA
For  5 years            0.0939% PA            2.0939% PA
--------------------------------------------------------
POUND STERLING      VALUE 08.10.2020   VALUE 08.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.1956% PA            0.5544% PA
For  6 months and over but less than
    12 months          -0.1756% PA            0.5744% PA
For 12 Months          -0.0985% PA            0.7765% PA
For  2 Years           -0.0985% PA            1.2765% PA
For  3 Years           -0.0985% PA            1.5265% PA
For  4 years           -0.0985% PA            1.7765% PA
For  5 years           -0.0985% PA            1.9015% PA
--------------------------------------------------------
EURO                 VALUE 08.10.2020   VALUE 08.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2766% PA            1.0266% PA
For  6 months and over but less than
    12 months           0.2454% PA            0.9954% PA
For 12 Months           0.1913% PA            1.0663% PA
For  2 Years            0.1913% PA            1.5663% PA
For  3 Years            0.1913% PA            1.8163% PA
For  4 years            0.1913% PA            2.0663% PA
For  5 years            0.1913% PA            2.1913% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 08.10.2020   VALUE 08.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1508% PA            0.5992% PA
For  6 months and over but less than
    12 months           0.2032% PA            0.5468% PA
For 12 Months           0.1988% PA            0.6762% PA
For  2 Years            0.1988% PA            1.1762% PA
For  3 Years            0.1988% PA            1.4262% PA
For  4 Years            0.1988% PA            1.6762% PA
For  5 years            0.1988% PA            1.8012% PA
========================================================

Copyright Business Recorder, 2020

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