INFLAPRO - the inflation protected return on investment applicable to fixed deposit

As an innovation to the bank interest calculation of existing uniform rate, the author has brought out a method known as INFLAPRO, the inflation protected return on investment, particularly applicable to fixed deposits. This is entirely different from the erstwhile diminishing balance method. The additional input parameter is the rate inflation protection. In this innovation, the initial instalment is obtained as per the author's web-based program, and subsequently other instalments for the entire term progressively calculated as per the given rate of inflation protection, thus providing the inflation protection for the entire term. The implications are transformation or transition in interest calculation and its allocation, innovation in accounting practice. Also, there is versatility of the INFLAPRO to cater to all the three methods of diminishing balance, equated instalment and positive INFLAPRO.