# 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)