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FCNR – Calculate Monthly Income Deposits

Online calculator you can use to calculate FCNR monthly income deposits on basis of half yearly compounding, one of best financial calculators.

FCNR Calculator – Monthly Income Deposits

  • Principal Amount (P):

  • Rate of Interest (i):

  •  

  • Discounted Interest (A) :

Formula:


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