Calculate online the Foreign Currency (Non-Resident) (FCNR) Monthly Income Deposits for Discounted Interest (Half Yearly Compounding).

Calculator of Monthly Income Deposits for Discounted Interest

Principal Amount (P) :
Rate of Interest (i) :
 
Discounted Interest (A) :

Formula of Monthly Income Deposits

 A = ( P * r * s ) / [ (1+s)6 -1 ]
OR
A = ( P * r ) / [ (1+s)5 + (1+s)4 + (1+s)3 + (1+s)2 + (1+s)1 + 1 ]

where,

  • A = Discounted Interest
  • P = Principal Amount
  • r = Rate of Interest (i) / 200
  • s = Rate of Interest (i) / 1200

This tool will help you dynamically to calculate the FCNR Monthly Income Deposits For Discounted Interest (Half Yearly Compounding)

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