FCNR Cash Certificates Issue Prices Calculator

Posted by Dinesh on

Calculate FCNR (Foreign Currency Non Resident) Certificates issue price based on Half Year compounding value.

Calculation of Foreign Currency Non Resident (FCNR) Certificate Issue Price


A = P

A = FCNR cash certificates issue price
P = Face Value
r = Rate of Interest (i) / 200
n = Number of half years

FCNR was introduced in 1975 to encourage NRI deposits.