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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 Monday (October 12, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 13 10 2020   VALUE 13 10 2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0295% PA            0.7205% PA
For  6 months and over but less than
    12 Months          -0.0036% PA            0.7464% PA
For 12 months           0.0995% PA            0.9745% PA
For  2 Years            0.0995% PA            1.4745% PA
For  3 Years            0.0995% PA            1.7245% PA
For  4 years            0.0995% PA            1.9745% PA
For  5 years            0.0995% PA            2.0995% PA
--------------------------------------------------------
POUND STERLING       VALUE 12-10 2020   VALUE 13 10 2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.1979% PA            0.5521% PA
For  6 months and over but less than
    12 months          -0.1751% PA            0.5749% PA
For 12 Months          -0.0988% PA            0.7763% PA
For  2 Years           -0.0988% PA            1.2763% PA
For  3 Years           -0.0988% PA            1.5263% PA
For  4 years           -0.0988% PA            1.7763% PA
For  5 years           -0.0988% PA            1.9013% PA
--------------------------------------------------------
EURO                 VALUE 12-10 2020   VALUE 13 10 2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2699% PA            1.0199% PA
For  6 months and over but less than
    12 months           0.2463% PA            0.9963% PA
For 12 Months           0.1906% PA            1.0656% PA
For  2 Years            0.1906% PA            1.5656% PA
For  3 Years            0.1906% PA            1.8156% PA
For  4 years            0.1906% PA            2.0656% PA
For  5 years            0.1906% PA            2.1906% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 13 10 2020   VALUE 13 10 2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1500% PA            0.6000% PA
For  6 months and over but less than
    12 months           0.1937% PA            0.5563% PA
For 12 Months           0.2003% PA            0.6747% PA
For  2 Years            0.2003% PA            1.1747% PA
For  3 Years            0.2003% PA            1.4247% PA
For  4 Years            0.2003% PA            1.6747% PA
For  5 years            0.2003% PA            1.7997% PA
========================================================

Copyright Business Recorder, 2020

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