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.
Calculate FCNR quarterly income deposit having a principal of Rs. 1500 for 8% of interest rate.
FCNR Quarterly Income Deposit = ( 1500 * 0.04 ) / [ (1+ 0.02) + 1 ]
Discounted Interest = 29.7 .