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fcnr-cash-certificate-issue-price-calculator

FCNR Cash Certificates Issue Prices Calculator

Face value (P) :
Rate of Interest (i) :
Number of half years (n) :



Issue Price (A) :

 
   
  
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Formula Used:

A = P / ( (1+r)n )

Where,
A = Issue Price
P = Face Value
r = Rate of Interest (i) / 200
n = Number of half years

Calculating the FCNR-Foreign Currency(Non-Resident) Cash Certificates Issue Prices (Half Yearly Compounding) is made easier.