Monthly Income Deposits
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
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)