FCNR – Foreign currency Non Resident Cash Certificates
Foreign currency Non Resident Cash Certificates

Face value (P) :

Rate of Interest (i) :

Number of half years (n) :


Issue Price (A) :
Formula:
A = P / ( (1+r)^{n} )
Where,
A = Issue Price
P = Face Value
r = Rate of Interest (i) / 200
n = Number of half years