FCNR– Quarterly Income Deposit Calculator
FCNR Quarterly Income Deposits
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Principal Amount (P):
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Rate of Interest (i):
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Discounted Interest (A) :
Formula:
A = ( P * r ) / [ (1+s) + 1 ]
Where,
A = Discounted Interest
P = Principal Amount
r = Rate of Interest (i) / 200
s = Rate of Interest (i) / 400