# FCNR Quarterly Income Deposit Calculator for Discounted Interest

FCNR deposit account is a type account that accepts currencies like US Dollar, Yen etc. FCNR is not a savings account only fixed deposits are accepted. This account can fetch a fixed income on a quarterly basis. Here is the online FCNR quarterly income deposit calculator for the discounted interest which helps you to calculate the discounted interest using principal amount and rate of interest.

### Example:

Calculate FCNR quarterly income deposit having a principal of Rs. 1500 for 8% of interest rate.

#### Solution:

FCNR Quarterly Income Deposit = ( 1500 * 0.04 ) / [ (1+ 0.02) + 1 ]

Discounted Interest = 29.7 .