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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 Tuesday (October 20, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 20.10.2020   VALUE 20.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0316% PA            0.7184% PA
For  6 months and over but less than
    12 Months           0.0075% PA            0.7575% PA
For 12 months           0.0850% PA            0.9600% PA
For  2 Years            0.0850% PA            1.4600% PA
For  3 Years            0.0850% PA            1.7100% PA
For  4 years            0.0850% PA            1.9600% PA
For  5 years            0.0850% PA            2.0850% PA
--------------------------------------------------------
POUND STERLING       VALUE 20.10.2020   VALUE 20.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.2041% PA            0.5459% PA
For  6 months and over but less than
    12 months          -0.1746% PA            0.5754% PA
For 12 Months          -0.1249% PA            0.7501% PA
For  2 Years           -0.1249% PA            1.2501% PA
For  3 Years           -0.1249% PA            1.5001% PA
For  4 years           -0.1249% PA            1.7501% PA
For  5 years           -0.1249% PA            1.8751% PA
--------------------------------------------------------
EURO                 VALUE 20.10.2020   VALUE 20.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2903% PA            1.0403% PA
For  6 months and over but less than
    12 months           0.2647% PA            0.0147% PA
For 12 Months           0.2129% PA            1.0879% PA
For  2 Years            0.2129% PA            1.5879% PA
For  3 Years            0.2129% PA            1.8379% PA
For  4 years            0.2129% PA            2.0879% PA
For  5 years            0.2129% PA            2.2129% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 20.10.2020   VALUE 20.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1467% PA            0.6033% PA
For  6 months and over but less than
    12 months           0.1883% PA            0.5617% PA
For 12 Months           0.2147% PA            0.6603% PA
For  2 Years            0.2147% PA            1.1603% PA
For  3 Years            0.2147% PA            1.4103% PA
For  4 Years            0.2147% PA            1.6603% PA
For  5 years            0.2147% PA            1.7853% PA
========================================================

Copyright Business Recorder, 2020

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