FNCR Maturity Value Calculator
Posted by Dinesh onFCNR stands for Foreign Currency Non-Resident Account. If you are an NRI and wish to maintain a Fixed Deposit Account in India, you can opt for an FCNR Account that allows you to save money earned overseas in Foreign Currency. This calculator calculates FCNR maturity value using principal amount and interest values.
FCNR Maturity Value Calculation
Formula:
A = ( P * (1+r) ^ n )
Where,A = Maturity value
P = Principal Amount
r = Rate of Interest (i) / 400
n = Number of Quarters