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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 28, 2020).

========================================================
INTEREST PAYABLE ON FE DEPOSITS
========================================================
                         BBA BID           MAXIMUM RATES
                          RATES           FOR PAYMENT OF
                                             INTEREST BY
                                              AUTHORISED
                                                 DEALERS
========================================================
U.S. DOLLARS         VALUE 28.10.2020   VALUE 28.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months          -0.0278% PA            0.7223% PA
For  6 months and over but less than
    12 Months          -0.0038% PA            0.7463% PA
For 12 months           0.0820% PA            0.9570% PA
For  2 Years            0.0820% PA            1.4570% PA
For  3 Years            0.0820% PA            1.7070% PA
For  4 years            0.0820% PA            1.9570% PA
For  5 years            0.0820% PA            2.0820% PA
--------------------------------------------------------
POUND STERLING       VALUE 28.10.2020   VALUE 28.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 Months          -0.2036% PA            0.5464% PA
For  6 months and over but less than
    12 months          -0.1781% PA            0.5719% PA
For 12 Months          -0.1185% PA            0.7565% PA
For  2 Years           -0.1185% PA            1.2565% PA
For  3 Years           -0.1185% PA            1.5065% PA
For  4 years           -0.1185% PA            1.7565% PA
For  5 years           -0.1185% PA            1.8815% PA
--------------------------------------------------------
EURO                 VALUE 28.10.2020   VALUE 28.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.2777% PA            1.0277% PA
For  6 months and over but less than
    12 months           0.2570% PA            1.0070% PA
For 12 Months           0.2071% PA            1.0821% PA
For  2 Years            0.2071% PA            1.5821% PA
For  3 Years            0.2071% PA            1.8321% PA
For  4 years            0.2071% PA            2.0821% PA
For  5 years            0.2071% PA            2.2071% PA
--------------------------------------------------------
JAPANESE YEN         VALUE 28.10.2020   VALUE 28.10.2020
--------------------------------------------------------
For  3 months and over but less than
     6 months           0.1492% PA            0.6008% PA
For  6 months and over but less than
    12 months           0.1892% PA            0.5608% PA
For 12 Months           0.2033% PA            0.6717% PA
For  2 Years            0.2033% PA            1.1717% PA
For  3 Years            0.2033% PA            1.4217% PA
For  4 Years            0.2033% PA            1.6717% PA
For  5 years            0.2033% PA            1.7967% PA
========================================================

Copyright Business Recorder, 2020

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